The final week of Spring break is underway, with the Sequoia Union High School District taking this week off. That should be the last major distraction to the market as we head through the Spring buying season. This year it seemed like there were at least 3 different weeks when the the local schools, private schools, and colleges took their Spring break. It’s pretty hard to plan a vacation when everyone is on different schedules.
Regardless, that did not seem to temper the enthusiasm in the San Carlos real estate market. The five new listings that hit the market were outnumbered by the seven homes that were put into contract, thus dropping our inventory of homes for sale back down to 15, which is simply a ridiculously low number for this time of year. I am still counting on a significant bump in the number of new listings in the coming weeks, as sellers race to get their homes on the market before the summer break. I will have two more San Carlos listings hitting the market during that period — stay tuned to the site in the coming weeks for more details.
Here are the details from last week:
By the Numbers.
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 4-19-2015:
|San Carlos Housing Data||4-19-15||Prior Week|
|Closed Sales for the Week:||3||5|
|Average Sold Price:||$1,392,667||$1,666,000|
|Average $/Sq Foot (Sold)||$863||$749|
|Average Sold as Percentage Of List Price:||116%||116%|
|Average DOM of Closed Sales||10||85|
|No. of Homes Pending Sale:||19||15|
|No. of New Listings:||5||9|
|Total # of Active Listings:||15||16|
|Average Price of Active Listings:||$1,708,467||$1,671,804|
|Average DOM of Active Listings:||17||13|
|Average $/Sq Foot (List)||$808||$788|
|Active-Pending Ratio:||0.79 : 1||1.1: 1|
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