San Carlos Real Estate Summary.
Some very big numbers popped up in this week’s review. The first is the number of active listings in San Carlos: 31. This is the first time in many months that the number of homes has climbed above the 30 mark. It may not stay there for very long, but it’s a welcome break for weary home buyers who have been battling over precious few listings. This surge in new listings pushed the active/pending ratio above 1.0 for the first time in many months as well.
The third number that jumped out this week was the sold price/list price ratio of 118% , which was the highest recorded in the Week in Review so far this year. This was driven primarily by the eye-popping 39% over the asking price that was paid for 275 Club Drive, and shows that there still is plenty of strength in this market.
Here are the numbers 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 7-27-2013:
|San Carlos Housing Data||7-27-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||118%||107%|
|Average DOM of Closed Sales||13||20|
|No. of Homes Pending Sale:||25||31|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,417,251||$1,439,283
|Average DOM of Active Listings:||27||30|
|Average $/Sq Foot (List)||$617||$617|
||1.2 : 1||0.77 : 1|
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