Condominiums and Townhouses in San Carlos, California, 94070
As I do every week for a number of communities, this morning I checked all San Carlos activity in the condominium and townhouse market. Here's what I found entered into our multiple listing service for condos and townhouses in the City of San Carlos:
24 - Active listings
8 - Pending sales
3 - Sales closed since 11/1/10
The Active listings range in price from $799,000 to $275,000; the median price is $555,250.
The Pending sales range in price from $744,000 to $399,000; (more about these below)
The Closed sales ranged in sales price from $849,000 to $499,000, with a median price of $559,500.
I found the pending sales of great interest. The 4 lowest priced properties all all short-sales, with median asking price of $407,000. The 4 highest priced properties are traditional sales, with a median price of $720,000. This demonstrates two very different markets for condos/townhouses in San Carlos.
The condo/townhouse market in San Carlos has been hit most severely. Properties are selling, although more slowly than for single-family homes. Sellers need to have patience; proper pricing and marketing is essential. And buyers, opportunities in this market are more plentiful than in most recent years.
Give me a call and I'll be happy to let you know more about your micro-area, and help you explore pros and cons of buying versus renting.