If you're out shopping for a home in San Carlos right now, then you're already painfully aware of how few homes there are to choose from. As of this morning, there are only 15 single-family homes for sale in the entire city of San Carlos. And 4 of these homes will be taking offers this week, so without a influx of new listings today or tomorrow, that number is going to drop even further. That's a big reason why open houses were very busy this weekend -- there's simply nothing for buyers to look at.
This of course is bad news for buyers, but great news for anyone who has the guts to put their home on the market at this time of year. Unlike normal years, this is the period of time when the market starts to wind down for the year. But this year is anything BUT normal.
Here are some other key stats for the San Carlos real estate market from last week:
- # of Closed Sales: 7
- Average Sold Price: $1,142,857
- Average $/sq foot (sold): $674
- % of Asking Price (sold): 110%
- Average Days on Market (DOM) of Sold Homes: 10
- # of Homes to go Pending: 3
- Average Price of Homes for Sale: $1,543,400
What Sold in San Carlos:
The following is the list of single-family homes that sold this past week in San Carlos. Click on the addresses for more information about each property:- 2425 Melendy Drive: $1,520,000
- 723 Orange Avenue: $1,352,000
- 2800 Roland Avenue: $1,275,000
- 2204 San Carlos Avenue: $1,050,000
- 3280 Brittan Avenue: $1,016,000
- 1201 Oak Street: $1,000,000
- 1040 Sylvan Drive: $787,000
If you're interested in more data and statistics on what happened in the San Carlos real estate this past week, check out The San Carlos Real Estate Week in Review, which is posted every week in the White Oaks Blog.
----------------------------------------------------------------------
Chuck Gillooley is a Realtor, long-time San Carlos resident, and author of The White Oaks Blog -- the leading source for information on San Carlos real estate.
