I was half expecting an explosion of listings after we got through the 4th of July, but I guess I shouldn’t be surprised that didn’t happen considering the inventory levels in San Carlos have been disappointing for most of 2012. We are at 34 single family homes on the market in San Carlos. It is up a little from before the 4th, but it is down from a year ago at this time when we were hovering just under 60.
In the past week, 9 single family homes came on the market in San Carlos. One of those essentially sold off market and got put into the MLS after it was sold, so really 8 homes came on the market. The one at 1007 Sylvan sold in the same week that it came on. Besides the one that sold off market and Sylvan, there were another 4 that got into contract. That actually makes for a kind of “rainy” week. If we could only get a few more of those, then we might actually have some inventory for buyers to look at.
The average days on market (DOM) for the 5 homes that sold was 10 days. With the most being 14 days and the least being 2 days. Now that is a fast-paced market!
That’s all for now from Val, the San Carlos data gal!