Monday, July 15, 2013

San Carlos Real Estate Market - 1st Half 2013


San Carlos real estate remains strong!  As illustrated in the chart below that shows the average days on market (DOM) and the Sale to List Price Ratio for the past twelve months.  The average days on market is averaging around 2 weeks (down significantly from the end of 2012) and the average sales price for homes sold is at 110% of list price.  The average days on market would likely be shorter that 2 weeks, but many sellers are strategically setting offer dates so that they can make sure their house gets proper exposure.  This additional exposure will often result in multiple offers which drives the sale price up. 
San Carlos Average Days on Market & Sale to List Price Ratio
If you or anyone you know is thinking of listing their home, now is still a good time. Please call or email me for more information or to see what your home might be worth in this market.