Special offer

Snapshot of single family home sales in San Carlos, California

By
Real Estate Agent with Compass CA DRE# 01215160

Snapshot of single family home sales in San Carlos, California

Comparing what took place in the market in July, 2010 (the latest month for which statistics are available) with July, 2009 provides a fascinating glimpse of reality in the San Carlos, California, housing market.

For single-family homes:

  1. Home inventory is relative stable. There were 77 homes for sale in July 2010; 74 for sale in July 2009
  2. Number of closed sales is similar. 27 homes closed in 2010; 23 in 2009
  3. Average days on market dropped over 50%:  a mere 25 days average in 2010; 59 days in 2009
  4. Average sales price rose dramatically: $1,026,008 in 2010; $842,008 in 2009 - an increase of almost 22%
  5. Percent of list price received also up significantly: 100.78% in 2010; 95.98% in 2009.

These figures were taken from data in our Multiple Listing Service. August statistics will be available soon and will be posted.

Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Good morning, Lottie

I like the format your market report.  Looks like your market is on the upswing.

Have a good holiday weekend.

Mary

Sep 03, 2010 11:44 PM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Lottie!  Your market is booming!  That is such fun for you ...   Have a great weekend!

Sep 04, 2010 01:54 AM
Geri Sonkin
Douglas Elliman Real Estate 516-457-7103 - Merrick, NY
Long Island Real Estate & Staging Expert

Those numbers are so encouraging.  I hope we see more of that across the country.

Sep 04, 2010 08:37 AM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Lottie, 25 average Days on Market is incredible. Lucky you! We'd be dancing in the streets with your 2009 average.

Sep 04, 2010 12:22 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Mary, thanks for the kind words. Enjoy your weekend, too.

Sep 04, 2010 04:33 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Dagny, our San Carlos market is quite robust, partly because of our nice downtown and good schools. People enjoy it here.

Sep 04, 2010 04:35 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Geri, we're not the only area of the country doing well. My daughter and son-in-law just sold their Cambridge, MA townhouse in a few weeks, for a solid price. Here's hoping our strong market spreads to your area, too.

Sep 04, 2010 04:36 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Mary Kay, I think our short days on market reflects that we haven't had the volumes of distressed sales that many other areas of California and the US as a whole have dealt with.

Sep 04, 2010 04:37 PM