Carlsbad Real Estate Market Report for February 2011
The Carlsbad real estate market continues to shift, and the statistics for February show a number of changes from the prior month. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
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Media reports speak in general terms, so their information may not represent the reality of our local Carlsbad real estate market. Having data, and knowledge, about the local market conditions benefits you as the buyer or seller so you can make informed purchase and sale decisions.
In February 2011 there were 85 Carlsbad homes sold (4 zipcodes), 12% more than in January. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
85 (up 12%) |
60 (up 5%) |
25 (up 32%) |
|
Days on Market
|
80 |
81 |
78 |
|
Average Sales Price
|
$589,997 (up 3%) |
$695,106 (down 1%) |
$337,736 (up 1%) |
|
Average Sale$ / List$
|
97% |
98% |
976% |
The number of sales rose by 12%, with average prices changing slightly.
There were 91 properties (14% of the total) in Carlsbad at the end of February with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), 9 more than last month.
The overall inventory in the Carlsbad real estate market for the end of February (670 homes) rose for the 2nd time in a row in 6 months, by 7%. This represents an inventory of 7.1 months for attached homes (up from 6.9 months last month) and 5.9 months for detached (up from 5.5 months last month) based on the current rate of sales over the last 6 months.
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In February the number of new homes coming on the market declined, following a large increase in January, with 189 new listings (down 24%) hitting the market in February. The number of homes going pending dropped slightly, down 2% (118 pendings).
This overview of the Carlsbad real estate market is based on information provided by the MLS. More details can be provided with regard to current activity as well as within the specific zip codes of Carlsbad.
READ MORE:
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for January 2011
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for December 2010
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for November 2010
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for October 2010
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for September 2010
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for August 2010
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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
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