It hardly seemed like Thanksgiving last week in San Carlos. The weather was sunny and warm, and the home buyers that stayed in the area were out in droves trying to find that elusive home in San Carlos. Traditionally, the months of November and December are two of the slowest months of the year for real estate sales -- especially during Thanksgiving week. But this year has been anything but traditional for real estate.
5 homes went into contract during the abbreviated holiday week, which briefly drove the inventory of single-family homes for sale in San Carlos down to the lowest level we have seen so far this year -- six. Even with the two new listings that hit the market today, we are at uncharacteristically low levels of inventory for this time of year in San Carlos.
It's hard to say how much longer the warm weather will continue, but one thing is for certain -- the real estate market in San Carlos will remain hot for the foreseeable future.
Here are some key stats for the San Carlos real estate market from last week:
- # of Closed Sales: 5
- Average Sold Price: $1,046,400
- Average $/sq foot (sold): $645
- % of Asking Price (sold): 107%
- Average Days on Market (DOM) of Sold Homes: 19
- # of New Listings: 2
- # of Homes to go Pending: 5
- Average Price of Homes for Sale: $1,600,658
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:- 323 Chesham Avenue: $1,350,000
- 185 Cedar Street: $1,170,000
- 153 Palm Avenue: $1,005,000
- 753 Walnut Street: $1,000,000
- 315 Old County Road: $707,000
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.
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Chuck Gillooley is a Realtor, long-time San Carlos resident, and author of The White Oaks Blog -- the most comprehensive source for information on San Carlos real estate.
