San Carlos Real Estate Statistics for the 1st Half of 2011

Real Estate Statistics for San Carlos
Semi-Annual Activity for 2009 to the 1st half of 2011
Single Family Homes	New Listings	Curr Inventory	Closed Sales	Avg DOM	Avg Sls Price	% Change	% LP Rec'd	TTL Sales Volume
2009 Jan-Jun	211	73	95	52	945,544		97.08	89,826,727
2009 Jul-Dec	147	35	140	53	913,953	-3%	98.24	127,953,485
2010 Jan-Jun	221	81	113	43	972,569	6%	99.83	109,900,349
2010 Jul-Dec	168	43	133	42	952,930	-2%	98.84	126,739,818
2011 Jan-Jun	238	91	132	37	967,704	2%	99.90	127,736,977
San Carlos real estate continues to remain strong despite the economic downturn. The average sales price has been fairly
steady and the percent of price sold compared to list price is high. The average days on market has decreased indicating a
strong demand for homes in San Carlos.
For questions or more information on these statistics or real estate in San Carlos, please contact The Clarke Team at
650-489-5399 or sold@clarketeam.com

San Carlos Real Estate Statistics 1st Half 2010

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.

2008 Home Sales Statistics for San Carlos

The real estate sales statistics for the year have recently been posted and as always, we wanted to be the first to share them with you. While San Carlos remained strong for quite a long time during this downturn, in the end, it was not immune to it. The average sales price for a home in San Carlos in 2007 was $1,138,429; it dropped 6% in 2008 to $1,072,498. While this decline is not as drastic as many areas, it is still noteworthy. Inventory of homes was up significantly from 2007 to 2008, but the average days on market only went up slightly. Percent of list price received went from just over asking in 2007 to just below asking in 2008.

While this is not exactly positive news, in light of what is going on in the rest of our country, it’s also not too bad. If you sell your home now, you might get less for it, but you can also buy a new home for less – it’s all relative.

Please be aware that due to the downturn for the year in San Carlos, home equity lines are being reviewed by many banks. Banks may freeze the lines at the current value and request a review to reinstate them. If you have an equity line with credit available that you may need in the near future, you may want to withdraw it now to avoid any problems.

If you have specific questions about the value of your home or the activity in your specific area, we will be happy to provide you with it. Simply call or e-mail us with your request.

We are happy to help!