I will be holding open my new listing at 3314 Brittan Ave. #2 San Carlos $499,000 this Sunday from 130PM to 430PM.
In general, the condominium market has been slower than the single family home market. As property values have decreased, single family homes are now more affordable for many buyers. Homes in San Carlos west of El Camino can now be purchased for under $800,000 a number unheard of two years ago. That being said, condominiums are still a very good option to get into wonderful communities that are safe and have good schools like San Carlos.
Let’s take a look at the condominium market in San Carlos:
Average and median prices for condominiums in San Carlos have remained relatively stable.
At the end of 2008 and early in 2009, 2 or 3 condominiums a month were selling in San Carlos.
Since June 2009, about 7 condominiums a month have sold in San Carlos.
For condominiums in San Carlos, days of inventory is currently about 90 down from almost 300 early in 2009.
This reflects lower inventory and a higher rate of sales.
The number of condominiums in San Carlos sold in 2009 is similar to the number sold in 2008.
The number of condominiums sold in San Carlos in 2008 and 2009 is down about 25% from the previous years.
San Carlos condominiums are currently selling at about 98% of their list price.
Search for San Carlos condominiums and townhouses, click here.
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