The San Carlos real estate market got a nice shot in the arm this past week with six new single-family homes hitting the market, which is a bit more typical of what we expect to see this time of year. But four of the existing listings went into contract during the same period, so the net impact on the available inventory was only an increase of 2. What’s amazing about this figure is not that there are only 12 homes for sale in San Carlos right now — it’s that the average price of a home for sale in San Carlos right now is just a shade under $2,000,000. Who would have thought that it would go this high?
The next few weeks mark the true start of the Spring real estate market in San Carlos. It will be very interesting to see if we continue to get a surge of new listings, or if we will register yet another consecutive year where were simply fewer homes to choose from.
Here is a look at last week’s numbers:
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 3/6/2016:
|San Carlos Housing Data||3/6/16||Prior Week|
|Closed Sales for the Week:||3||5|
|Average Sold Price:||$1,475,000||$2,110,600|
|Average $/Sq Foot (Sold)||$1,152||$1,053|
|Average Sold as Percentage Of List Price:||103%||113%|
|Average DOM of Closed Sales||16||10|
|Total # of Homes Pending Sale:||12||9|
|No. of New Listings:||6||5|
|Total # of Active Listings:||12||10|
|Average Price of Active Listings:||$1,914,967||$1,702,284|
|Average DOM of Active Listings:||19||18|
|Average $/Sq Foot (List)||$881||$920|
|Active-Pending Ratio:||1.0 : 1||1.2 : 1|
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