Bring on 2014.
The first weekend of the New Year was relatively light, as may have been expected since we’re just coming out of the New Year’s holiday. Having New Year’s Day on a Wednesday this year meant that many people took Thursday and Friday off to extend the holiday through the weekend, so that explains why traffic was light all week, and listings few.
This coming week marks the first full week of the new year, so expect to see the activity in the market ratchet up significantly in the coming days and weeks. Sellers who accelerate their home to the market in early January should be rewarded handsomely, since there are only 4 homes for sale in the entire city as of this morning. The city needs listings almost as badly as it needs rainfall!
Here are the details from last week…
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 1-4-2014:
|San Carlos Housing Data||1-4-14||Prior Week|
|Closed Sales for the Week:||3||4|
|Average Sold Price||$1,575,333||$1,579,375|
|Average $/Sq Foot (Sold)||$809||$715|
|Sold Price vs Orig List (%)||115%||103%|
|Average DOM of Closed Sales||7||42|
|No. of Homes Pending Sale:||14||16|
|Inventory of Active Listings:||5||3|
|Average Price of Active Listings:||$1,264,568||$1,514,650|
|Average DOM of Active Listings:||64||99|
|Average $/Sq Foot (List)||$595||$557|
|Active-Pending Ratio:||0.38 : 1||0.19 : 1|
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