We wanted to provide you with a semi-annual update on sales for single family homes in San Carlos.
| | Cur Inventory | Closed Sales | Avg DOM | Avg Sales Price | Median Sales Price | % LP Rec'd |
| First Half 2009 | 73 | 95 | 52 | 945,544 | 918,000 | 97.08 |
| Second Half 2009 | 35 | 140 | 53 | 913,953 | 869,000 | 98.24 |
| First Half 2010 | 81 | 113 | 43 | 972,569 | 890,000 | 99.83 |
This illustrates how San Carlos real estate is holding up for the first half of 2010 compared to the first and second halves of 2009. The average sales price is up 3% from the first half of 2009 and 7% from the second half of 2009. The inventory is up from both previous periods and yet the closed sales remain strong. The average days on market has tightened up a bit – homes are moving a bit faster than before. We are also seeing an increase in the percent of list price received. All of these are indicators that the San Carlos real estate market is recovering.
We hope you find this information helpful.
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