San Carlos Real Estate Profile 2008

Prices Down 8% Average

Number of Sales Decline

Days on Market Increase 20% 

Median prices dipped 8% on average in San Carlos from 2007.  This decline is only half of the overall 14% decrease that the Peninsula as a whole experienced.  Number of sales for San Carlos shows a double digit decline of 13% and days on the market rose to 43 days, a 20% increase.  Compare this to the Peninsula overall which showed a days on the market increase of 41% to 71 days.  San Carlos remains close to 50% better than the overall Peninsula in its statistical showing in both Median Price and Days on the Market.  This shows the strength of its demand – despite the negative financial events of 2008.