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.

What’s My Carlsbad Home Worth? Carlsbad Home Sales for November 2019

What’s the Value of My Carlsbad Home?

Carlsbad Market Report for November 2019

 

Carlsbad Home SearchThe Carlsbad real estate market continues to change, with several shifts from last month and 1 year ago. These data do not include private sales or manufactured/mobile/multi-family housing; the numbers are derived from the MLS and are believed to be accurate at the time they are reported but are not guaranteed.

 

Media reports speak in general terms, and not about the local Carlsbad housing market. Current data, and knowledge, about the local market conditions benefit you so you can make informed purchase and sale decisions about Carlsbad homes for sale.

 

READ MORE ABOUT CARLSBAD

Carlsbad Village by the Sea

 

122 homes sold in Carlsbad in November (92008, 92009, 92010 and 92011), down by 13% from October following an increase that month. Here’s what happened:

 

Detached Homes Sold

76 (down 10%); 36 Days on Market, Average Sale price was $1,180,401 (up 8%), Average sales price was 97% of original asking price

 

Attached Homes (condos, town homes, twin homes) Sold

46 (down 18%); 42 DOM, Average Sales price was $709,159 (up 9%), Average sales price was 97% of original asking price

 

Carlsbad home sales in November dropped from October for both detached single family homes and attached homes. The average sales price was higher for both types of housing.

 

Compared to November 2018, detached home sales were down by 9%, while there were 15% more attached home sales. Average prices year over year also shifted, and were down by 5% for detached homes, but higher on average by 26% for attached homes compared to November 2018.

 

18% of the transactions were cash buyers (versus 19% last month).

 

Average time on market (DOM) dropped by 2 days for detached homes but was several days longer for attached homes than last month.

 

Carlsbad buyers, on average, were able to negotiate the purchase of their homes for 3% off the original asking price. However, 31% of the home buyers paid asking price or better for their homes, no doubt an indication of the competition in the market.

 

The median sales price for detached homes was $1,143,000 (up 8%) and $617,000 for attached, up 5% from October.

 

There were 6 homes in Carlsbad at the end of November with a Contingent status, compared to 8 last month (i.e., some of these are homes with offers being reviewed for approval by short sale and REO lenders). Contingent homes are technically still available but some listings may not allow more showings or accept back-up offers. 4 appear to be in a “first right of refusal” stage, with 1 short sale and 1 court approval.

 

Homes in La Costa Oaks in Carlsbad

 

There were 252 Carlsbad homes for sale at the end of November, ranging in price from $330,650 to $26,950,000, which is 12% fewer than last month, another decline but not really a surprise given the start of the holiday season.

 

Current inventory is about 2.2 months for attached homes (down from 2.3 months last month) and 1.8 months for detached (down from 2 months last month) based on the current rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ market based on current inventory and buyer demand.

 

In November 114 new listings came on the market, a significant decline from 183 last month, but still about 4 new listings per day! 112 homes went pending in November (excluding homes that closed), 4% fewer than in October.

 

This overview of the Carlsbad real estate market is based on information provided by the MLS. I’m happy to provide more details with regard to current activity as well as for specific neighborhoods of Carlsbad that interest you.

 

Please contact me at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions you have. Then we’ll create a strategy to get you into your new Carlsbad home in 2019, and/or help you sell your current Carlsbad home.

 

SEARCH FOR CARLSBAD HOMES FOR SALE

 

Read More:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for October 2019

 

My Jeff Dowler signature

 

**************************************

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW

 

Click to Search for All San Diego Homes

At Home In Carlsbad blog

 

365 Things to Do in Carlsbad (and Nearby) on Facebook   

  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile    Jeff Dowler's Twitter Profile   Jeff Dowler's LinkedIn Profile

 

      CRS Designation Logo

 

ALL ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE (link)

 

If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase or sale, please contact my mobile office or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

HOW ABOUT A FREE EQUITY ANALYSIS ON YOUR CURRENT HOME(S)?

 

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  Greater San Diego

All content ©Copyright by Jeff Dowler. All rights reserved.

Solutions Real Estate (CA DRE lic #01490977)

Comment balloon 4 commentsJeff Dowler, CRS • December 07 2019 01:52AM
What’s My Carlsbad Home Worth? Carlsbad Home Sales for November 2019
share
What’s the Value of My Carlsbad Home? Carlsbad Market Report for November 2019 The Carlsbad real estate market continues to change, with several shifts from last month and 1 year ago. These data do not include private sales or manufactured/mobile… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report November 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Home Sales for November 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about the current local market conditions in order to make informed… more
Q3 2019 Market Report for the Carlsbad 92008 Area – Detached Homes
share
Q3 2019 Market Report for the Carlsbad 92008 Area Detached Single Family Homes The third quarter of 2019 for home sales in the 92008 area of Carlsbad was busy, with some shifts in the market compared to the same period in 2018 and Q2 of this year… more
What’s my Escondido Home Worth? Escondido Home Sales for October 2019
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in October 2019 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. Buyers and… more
What is My Oceanside Home Worth? Oceanside Home Sales for October 2019
share
What is the Value of My Oceanside Home? Oceanside Real Estate Market Report for October 2019 The Oceanside real estate market continues to evolve. This market report does not include private sales or manufactured, mobile, or multifamily housing;… more
What's My La Jolla Home Worth? La Jolla Home Sales for October 2019
share
What's the Value of My La Jolla Home? La Jolla Real Estate Market October 2019 The La Jolla real estate market is one of the most expensive in San Diego County. If you take a virtual visit to La Jolla (see link below ), or in real life, you will… more
What’s My Rancho Santa Fe Home Worth? Market Report for October 2019
share
What’s the Value of My Rancho Santa Fe Home? Rancho Santa Fe Home Sales for October 2019 It’s important for buyers and sellers in the Rancho Santa Fe real estate market to have up to date information about current local market conditions to be… more
What’s my San Marcos Home Worth? San Marcos Market Report October 2019
share
What’s the Value of my San Marcos Home? San Marcos Home Sales for October 2019 The San Marcos real estate market continues to shift. These data do not include private sales or manufactured housing; the data are derived from the MLS and are… more
What’s my Solana Beach Home Worth? Market Report for October 2019
share
What’s the Value of my Solana Beach Home? Solana Beach Home Sales for October 2019 Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in North San Diego County. … more
What’s My Del Mar Home Worth? Del Mar Real Estate Market October 2019
share
What’s the Value of My Del Mar Home? Del Mar Home Sales in October 2019 Del Mar, a small coastal town in North San Diego County, is one of our more expensive communities. Del Mar so far holds the record for the most expensive property sold… more