No Holiday for this Market.
The San Carlos real estate market continues to thumb its nose at the calendar in 2013. This would normally be the time of the year when both buyers and sellers would take a break to prepare for the holidays with the anticipation of revving back up for the Spring real estate market.
But the dynamics of this year's economy have completely pre-empted the traditional seasonal behavior of the real estate market. Homes were selling during Thanksgiving week. And there now have already been more new listings of single-family homes in San Carlos in just the first week of this month than there were in the entire month of December 2012. Chalk it up to continued high demand, low inventory, and smart sellers who know that buyers are not taking the holidays off this year.
Here are some key stats for the San Carlos real estate market from last week:
- # of Closed Sales: 5
- Average Sold Price: $1,727,200
- Average $/sq foot (sold): $559
- % of Asking Price (sold): 106%
- Average Days on Market (DOM) of Sold Homes: 18
- # of New Listings: 5
- # of Homes to go Pending: 2
- Average Price of Homes for Sale: $1,339,772
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:- 369 Club Drive: $2,200,000
- 75 Hartford Avenue: $2,100,000
- 870 Crestview Drive: $1,550,000
- 3142 La Mesa Drive: $1,535,000
- 201 Aberdeen Drive: $1,251,000
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.
