Last week started out with a giant goose egg for new listings in San Carlos, with nothing new posting on the market until Friday. This occurs every so often, and understandably makes home buyers a little nervous since they are at least expecting something new to hit the market on Monday, which along with Friday are traditionally the two most active days for new listings.
But never fear – by the end of the weekend, there were 7 new single-family listings in San Carlos to offset the 7 homes that went pending during the week. And the wait was well worth it, because there are some simply spectacular homes to see right now — and interestingly, over half of these homes for sale right now in San Carlos have at least 4 bedrooms. That’s certainly much greater than the typical distribution of housing stock in town, and bodes well for home buyers who have been holding out for that crucial 4th bedroom. If you’re one of those home buyers that needs the extra bedroom and space, this is a good week to get out and look at some homes.
Here’s the recap from last week:
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 10-4-2015:
|San Carlos Housing Data||10-4-15||Prior Week|
|Closed Sales for the Week:||6||4|
|Average Sold Price:||$1,791,869||$1,742,000|
|Average $/Sq Foot (Sold)||$846||$914|
|Average Sold as Percentage Of List Price:||107%||114%|
|Average DOM of Closed Sales||25||10|
|No. of Homes Pending Sale:||21||20|
|No. of New Listings:||7||2|
|Total # of Active Listings:||15||16|
|Average Price of Active Listings:||$1,861,982||$1,720,859|
|Average DOM of Active Listings:||14||19|
|Average $/Sq Foot (List)||$834||$827|
|Active-Pending Ratio:||0.71 : 1||0.8 : 1|
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