Tierrasanta 7-day Market Update (2/16/21)

Here is a 7-Day Market Snapshot for Tierrasanta as of February 15, 2021.

🏡⭐ NEW LISTINGS: There have been 2 detached homes listed and 0 attached homes listed for sale.

📃👏 IN ESCROW: 0 detached homes and 3 attached homes went into pending status.

🔑 RECENTLY CLOSED: 5 detached homes and 3 attached homes have closed escrow.

📅 AVERAGE DAYS ON MARKET: Detached homes were on the market for an average of 20 days, whereas Attached homes averaged 1 days on the market.

💸 30-DAY RUNNING MEDIAN SOLD PRICE and YOY CHANGE: The median sold price for homes in San Carlos for the past 30 days was $862,500 for detached homes, which is up or down 16.2% YOY and $550,000 for attached homes, equating to an increase of 37%.

The average 30-year fixed mortgage rate today is 2.835%. Demand is high and the inventory is still crazy low.