The Fall real estate market is now in full swing in San Carlos. There were 12 closings last week, which is a testament to how much activity has been going on in the past month or so. Pricing has remained strong, with the past group of homes fetching an average of 8% over the asking price. Some were much higher, as you can see below.
Buyers made a strong statement that they are back in the hunt, as seven homes from last week’s inventory were snapped up — and it’s worth noting that all 7 of these homes were only on the market for two weeks or less. So the inventory is turning at a pretty brisk pace again right now in San Carlos. What’s the message in that for buyers? You need to make sure you get out to see new homes as soon as they hit the market. The homes that are priced right and check the most number of boxes for today’s buyers are starting to sell again in just the first week on the market.
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 9-20-2014:
|San Carlos Housing Data||9-20-14||Prior Week|
|Closed Sales for the Week:||12||3|
|Average Sold Price:||$1,460,042||$1,173,333|
|Average $/Sq Foot (Sold)||$819||$653|
|Average Sold – Percentage Of List Price:||108%||101%|
|Average DOM of Closed Sales||10||31|
|No. of Homes Pending Sale:||27||34|
|No. of Active Listings:||16||15|
|Average Price of Active Listings:||$1,406,479||$1,411,779|
|Average DOM of Active Listings:||15||18|
|Average $/Sq Foot (List)||$706||$734|
|Active-Pending Ratio:||0.6 : 1||0.44 : 1|
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