San Carlos Real Estate - 2011 Review

An Overview of the 2011 San Carlos Real Estate Market

The best word to describe the 2011 real estate market in San Carlos is "stable". The number of listings, selling values, average home size, inventory and average days on market were all essentially flat in 2011 as compared to 2010.

One area that was not as stable was is sales activity. Sales increased twelve percent to 278 transactions in 2011. Sales were at the highest level since 2007. A total of 393 homes were listed on the market in 2011, about the sames as 2010. While there were also holdover homes listed in 2010, the ratio of sales to new listings was 71%. In the past three years, the ratio averaged 64%, never going above 66%. This suggests that sellers were more likely to be able to sell their home in 2011 than in past years.

There was an average of 57 homes for sale at the end of each month in 2011, down slightly from 60 in 2010. At the end of the year, there were only 33 homes for sale. At the end of 2010 there were 46 homes for sale.

San Carlos Real Estate Prices & Stats

Average selling values were almost exactly $960,000 in both 2010 and 2011. Median selling values increased from just over $900,000 to just under $940,000, a change of four percent.  In a market the size of San Carlos, a change of four percent is not very significant (though for sellers it is a step in the right direction). The average price per square foot was $543 in 2011, about even with the $548 in 2010. Looking at the monthly price chart, there does not appear clear momentum of prices rising or falling.

Thinking of buying or selling a home in San Carlos?

If you're interested in learning more about the San Carlos real estate market, considering selling your home in San Carlos, or thinking about moving to San Carlos, please drop me a line and I'd love to connect with you.

By The Numbers - San Carlos Real Estate for 2011