Carlsbad Real Estate News and Views

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

Q2 2017 Market Update Carlsbad 92010 - Condos, Townhomes, Twin Homes

Market Update for Q2 in 2017 for Carlsbad 92010

Condos, Town Homes & Twin Homes

 

 

Our 92010 area of Carlsbad includes the planned community of Calavera Hills, Tamarack Point, The Summit, The Foothills at Carlsbad, Spinnaker Hill, Pacific Estates, Carlsbad Meadows, Tanglewood (condos), the new community of The Preserve (new construction homes), and other neighborhoods to the west but east of El Camino Real. The 92010 area of Carlsbad offers a variety of attached (condos, townhomes, twin homes) and detached single family homes for buyers to choose from in a wide price range.

 

 

Here we look at real estate market activity for the 92010 area of Carlsbad for the second quarter of 2017 for condos, town homes, and twin homes, as reported in the MLS. The Preserve, a new planned community in northeast Carlsbad is offering new construction town homes, so Carlsbad home buyers can consider resales as well as new construction (read 6 things buyers must know about buying new construction).

 

The Trails twin homes at Calavera Hills 

 

Condo, Town Home and Twin Home Sales Q2 2017

56 condos, town homes and twin homes sold (up by 5% from 2016)

 

Average sale price was $484,984 (up 9% from the 2016 average)

 

Average marketing time was 16 days, with over half the homes (34 or 61%) selling in 7 days or less (average market time in the same period in 2016 was 23 days)

 

Current inventory of condos, town homes and twin homes, including the new construction, based on the current rate of sales this year, is now only 1.1 months in the 92010 area based on the rate of sales, so the housing market here strongly favors sellers, with plenty of competition for any homes when they hit the market and multiple offers. 13% of the sales were cash transactions, and 64% of the homes sold for asking price or better (the average sale was 100% of asking)!

 

Condos at Tanglewood

 

Current Listings and Pendings Q2 2017

·        10 active listings, priced from $409,999 to $669,000

·        5 homes are new construction with more to come as new phases are released

·        Listings have been on the market an average of 31 days

·        Living space ranges from 994 SF to 1997 SF

 

 

17 condos, town homes and twin homes are pending (on the market for an average of 17 days), priced from $419,900 up to $589,000. Seven of these pending listings are brand new construction town homes in The Preserve.

 

The Crest at Calavera Hills

 

 

If you would like more detailed information about the local real estate market conditions in the Carlsbad area, including single family detached homes and about specific neighborhoods, and/or are interested in exploring the housing options that fit your budget, please contact me at (760) 840-1360 for a personal consultation.

 

 

I would also be pleased to set up a customized search for you based on your criteria (number of bedrooms, price, size), as well as to let you know when a property that fits your criteria will be coming on the market in Carlsbad.

 

 

Search for Carlsbad homes for saleIf you have a condo, town home of twin home you are considering selling, this could be the right time to take advantage of the low inventory and the interest rates that are good for buyers! I’m happy to meet with you to discuss your plans, the market value of your home, and plan a strategy to get it sold quickly and for the best price.

 

 

If you would like to tour any new construction homes please give me a call so you will have buyer representation beginning with your first visit. As noted in the article at the top about buying new construction, the builder sales rep represents the builder, not you! Don’t you want someone looking out for your financial and other interests?

 

 

Search for Carlsbad Condos, Town Homes & Twin Homes for Sale

 

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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and San Diego

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Comment balloon 5 commentsJeff Dowler • July 18 2017 04:31PM
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