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Health & Fitness

San Carlos Numbers

In the 4rd Quarter of 2013 San Carlos had 53 new listings on the market and closed 73 home sales with and average days on market of 20.
The median price was $1,237,500. Total sales volume for the Quarter was $92,531,555.

The 1st Quarter of 2014 San Carlos had 75 new listings and closed 52 sales with an average days on market at 15. The median price was $1,383,500. an increase of 11% over 2013. Total sales volume was $74,760,500.a decrease of 19% from Q4 2013

Q1 2014=More homes, fewer sales, fewer days on market, higher median home prices.

In April of 2013 San Carlos had 31 new listing and closed 23 transactions. Average Days on Market was 27 days. Total sales volume for April 2013 was $28,999,275.00 and the median price home was $!,260,000.00

Here are the April 2014 numbers: 26 new listing with 26 closed transactions. Average DOM was 15.
Total Sales Volume was $39,547,000.00, an increase of 27% over 2013 and the Median price home was $1,425,000.00 an increase of 22% over 2013.

Fewer new listing in April 2014 than 1 year ago, more home sales with fewer days on market, higher sales volume and a higher median price should lead to an interesting Summer.

According to HSH.com, a publisher of mortgage and consumer loan information, between March and April of this year jumbo rates for fixed loans averaged 4.6%. That is higher than the historic low of 3.95% of a year ago, but it is still the second-lowest average rate of the past 10 years.

Better deals can be found with Adjustable Rate Loans. The average of these loans was 2.5% for a 5 year ARM, 3.36% for a 7 year and 3.71% for a 10 year.

Can we know what the future holds? Hard to predict, but rates will likely be higher next year. With homes increasing in value and interest rates low it makes good sense to jump into the Real Estate Market.
I’ll be happy to meet with you and help make the right decision for you.

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