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.

Solana Beach Real Estate - Solana Beach Market Report for June 2009

Solana Beach Real Estate market report for June 2009

Buyers and sellers in the Solana Beach real estate market need to know what's going on in their particular market. Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities. Despite changes in prices over the last several years Solana Beach real estate has seen less dramatic changes than some other nearby towns. 

READ MORE: Solana Beach Real Estate 

As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; area media reports focus on general market conditions and therefore will not provide an accurate picture of the local housing market in Solana Beach. 

The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed. 

In June 2009 there were 19 Solana Beach homes sold, up 90% over May sales, which is good news, given the inventory. Here's the breakdown of overall activity. 

  

TOTAL

DETACHED

ATTACHED

# Sold

19

8

11

Average $

  $1,005,026 (down 26%) 

  $1,454,437 (down 10%) 

  $678,181 (up 5%) 

Days on Market

75

82

70

Sale Price/List Price

92%

92%

94%

Because of the fairly small number of sales, it is unwise to draw any firm conclusions about pricing trends, since the averages can shift significantly if there are high end or low end homes that distort the range. 

Of the 8 detached home sales, 3 were short sales (38%). 2 of these sold for 89% of asking, and the third at 96%; 2 homes sold over $1 million. None of the attached homes sold in June were short sales. 

There are 7 Solana Beach homes on the market with a Contingent status, i.e., short sale or REO homes that have offers in that are being considered by the lenders. These are included in the statistics below. 

At the end of June 2009 there were 146 Solana Beach homes for sale, up by about 8% over May (when one includes the Contingency status homes). This represents an inventory of 11.8 months for attached homes (compared to 9 months in May) with an increase to 24.3 months for detached homes, up from 19.4 in May and the same as in April, based on the current rate of sales over the last 6 months. 

In June 34 homes came on the market, 3 fewer than in May. At this time 12 homes went pending, 3 more than in May.

More details can be provided if needed with regard to current real estate activity in Solana Beach. 

READ MORE:  

Solana Beach Real Estate - Solana Beach Market Report for May 2009

Solana Beach Real Estate - Solana Beach Market Report for April 2009

Solana Beach Real Estate - Solana Beach Market Report for March 2009

Solana Beach Real Estate - Solana Beach Market Report for February 2009

  

 

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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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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Oceanside Real Estate - Oceanside Market Report for June 2009

Oceanside real estate market report

Like other local markets, the Oceanside real estate market has undergone many shifts in the last several years and continues to evolve, especially with the large number of distress sales. These data do not include any private sales nor manufactured housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed. 

Media reports speak in general terms, rather than local, so that information may not represent the reality of the local Oceanside real estate market. Having data from a knowledgeable agent about the local market conditions benefits you as the buyer or seller.

In June 2009 there were 190 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), as compared to 219 in May (a decrease of 13%). Here's the breakdown of overall activity. 

 

TOTAL

DETACHED

ATTACHED

# Sold

190 (down 13%)

123 (down 11%)

67 (down 17%)

Average $

  $314,083 (up 18%) 

  $369,405 (up 21%) 

  $212,521 (up 9%) 

Days on Market

64

60

70

Sale $/List $

97%

99%

94%

 The sales volume declined in June to a level consistent with several months ago, and the average price for both detached and attached homes increased, as we have seen in other coastal communities. 

Views from a unit at the Oceanside Terraces near the waterfront and pierIn Oceanside there were 265 homes with a contingent status at the end of June, 10% more than at the end of May - 57% of these are detached homes. This represents 37% of all the homes for sale. Thus buyers entering the market are seeing over 1/3 of the inventory already with offers in for approval for short sales and REOs. These contingent homes are included in the overall Active stats below. 

At the end of June 2009 there were 720 Oceanside homes for sale (381 detached and 339 attached), about the same as in May. This represents an inventory of 3.1 months for detached homes (up from 1.8 months in May) and 4.9 months for attached homes (up from 3.7 months in May) based on the current rate of sales over the last 6 months.  These absorption rates continue to be impressive when compared to many other parts of the country, some of which have over 2 years of inventory. Indeed we are seeing more multiple offers, not only on distress sales but also on regular sales, especially below $400,000.

In June we saw 199 homes come on the market (118 detached, 81 attached), 23% more than in May. During June 216 homes went pending, 2% more than in the previous month. 

More details can be provided if needed with regard to current activity as well as within the specific zip codes of Oceanside.

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 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

San Marcos Real Estate - San Marcos Market Report for June 2009

San Marcos Real Estate Market Report

The San Marcos real estate market continues to evolve, especially with the large number of distress sales. These data do not include any private sales nor manufactured housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed. 

READ MORE:

San Marcos - A Thriving Inland Community

San Elijo Hilla - Award-Winning Master Planned Community in San Marcos

Media reports speak in general terms, rather than local, so that information may not represent the reality of our local San Marcos real estate market. Having data from a knowledgeable agent about the local market conditions benefits you as the buyer or seller. 

In June 2009 there were 107 homes sold in San Marcos' 2 zip codes (92069 and 92078), a 34% increase over May sales. Here's the breakdown of overall activity. 

 

TOTAL

DETACHED

ATTACHED

# Sold

107 (up 34%)

74 (up 21%)

33 (up 74%)

Ave. $

  $360,213 (up 5%) 

  $432,487 (up 7%) 

  $230,571 (up 21%) 

DOM

52

45

69

List $/Sale $

98%

98%

97%

Sale volume jumped dramatically in June over the May numbers. In addition, the average sales price of both detached and attached homes rose significantly. The average time on market remained about the same, with a drop for detached homes. 

Looking down on San marcos from the top of Double Peak Park in san Elijo HillsThere were 157 homes (113 detached and 44 attached) homes on the market at the end of June with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained. 

At the end of June 2009 there were 345 San Marcos homes for sale (46% are contingent), an increase of 8% in total inventory from May, 17% less than at the beginning of 2009. This represents an inventory of 4.2 months for attached homes (as compared to 3.5 for May) and only 3.5 months for detached (compared to 2.5 months for May) based on the current rate of sales over the last 6 months.  The market, then, remains competitive for buyers and properties are staying on the market for less time, along with the decline in inventory. 

In June we saw 127 homes come on the market, more than double the number of homes that came on the market in May. During June 90 homes went pending, an increase of 8% over the number of pendings in May. 

This overview of the San Marcos real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in December. More details can be provided if needed with regard to current activity as well as within the specific zip codes of Carlsbad.

READ MORE:

San Marcos Real Estate Market Report for May 2009

San Marcos Real Estate Market Report for March and April 2009

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If I can provide more information about San Marcos and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

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Home Owner's Short Sale Guide

 

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 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

Del Mar Real Estate - Del Mar Market Report for June 2009

Del Mar Real Estate Market Report

Del Mar is a small coastal town in North Diego County, just south of Solana Beach and north of La Jolla. It has a reputation for being one of the most expensive towns in the county. Indeed, two of the most expensive homes for sale in San Diego County are in Del Mar, and the town still holds the record for the most expensive property sold (at about $48,000,000).

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile)

Having up to date statistics on the local Del Mar real estate market is important so buyers and sellers can make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for June 2009 (the data are believed accurate but are not guaranteed, and do not include private sales). 

15 homes sold in the Del Mar real estate market in June 2009 (11 detached and 4 attached), a decline of 21% from May sales. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

 

15 (down 21%)

11

4

Average Price

  $1,536,200 (down 35%) 

  $1,961,727 (down 31%) 

  $343,500 (down 46%) 

Days on Market

88

101

51

Sale Price/List Price Ratio

94%

94%

94%

The number of homes sold decreased from the prior month, with fewer homes selling at significant prices (1 at $9 million) and 3 of the 4 attached homes selling for under $225,000, which contributed to a large decrease in average selling price, especially for the attached homes. 

Cafe Del Mar in downtown Del Mar CaliforniaOf the Del Mar home sales in June, 3 of the 4 attached homes were REOs (the low end homes), while all of the detached home sales were regular sales. 

There were 6 Del Mar homes on the market at the end of June with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

37 Del Mar homes came on the market in June (19 detached and 18 attached), just 1 more than in May. 

There were 205 Del Mar homes (including the 6 with Contingent status) for sale at the end of June 2009, a 9% increase over the inventory from May. At the current rate of sales over a 6-month period, this represents an inventory of 16.5 months for detached homes (a decline from 19.5 months as of last month), and 20.7 months for attached properties, a significant increase over the 16 months from May 2009. 

13 homes went pending in June (11 detached and \2 attached), 24% fewer than last month. 

As with any statistics, 1 month of numbers do not make a trend, so it is important to see what is happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar market - detached homes selling in excess of $9 million and condos selling for under $200K. The overall absorption of 16 or more months is fairly consistent with other affluent towns where the average home price exceeds $1 million.

READ MORE:

Del Mar Real Estate - Del Mar Market Report for May 2009

Del Mar Real Estate - Del Mar Market Report for April 2009

Del Mar Real Estate - Del Mar Market Report for March 2009 and Quarterly Overview

Oceanfront Property in Coastal North San Diego County - Del Mar

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Home Owner's Short Sale Guide

 

   Southern California Chapter of Certified Residential Specialists (CRS)

 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

Cardiff Real Estate - Cardiff Market Report for June 2009

Cardiff Real Estate Market Report for June 2009

As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home. 

The Cardiff real estate market is very localized, and knowing what is going on in the market with regard to inventory and sales is important for making a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky. 

READ MORE:  Cardiff by the Sea

Here is a summary of the Cardiff real estate market for June 2009 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

  • In June 2009 there were 5 homes sold in Cardiff, only half the number sold in May
  • 3 Cardiff home sales were attached (average price = $743,583, DOM = 113 days; selling at an average of 91% of asking. 1 of these was a short sale)
  • 2 Cardiff home sales were detached (average sales price of $1,117,500, DOM = 91, average sales price of 85% of asking

One of the BEST breakfast places around in CardiffBecause of the very small number of homes sold, it would be unwise to draw any firm conclusions of the pricing trends or other trends. This is especially true if one were to rely on the average for the two detached homes sold (at $760K and $1.475 million). 

As of the end of June there were 5 Cardiff homes with a Contingent status (i.e., short sale and REO homes that had offers being reviewed by the lenders). Until approved these homes are considered active and are included in the Active statistics below. 

As of June 2009 there were 62 Cardiff homes for sale (45 detached homes, and 12 attached homes), 9 more homes than in May 2009. This represents an inventory of only 3.8 months for attached homes (down from 5.7 months in May 2009) and 13.1 months for detached homes at the current rate of sales (based on a 6-month period), which is an increase from the 11.4 months in May. We can expect this to rise again given the number of sales dropped and more homes are on the market. 

18 Cardiff homes came on the market in May (13 detached, 5 attached), 4 more than in May, with 10 homes going pending during the same period - 5 detached and 5 attached - an increase of 3 over last month. 

Data are based on information provided by the MLS for homes that went under contract in the last couple of months. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas such as the Walking District and the Composer District, please let me know. 

READ MORE:  

Cardiff Real Estate May 2009 Market Report  

Cardiff Real Estate April 2009 Market Report  

Cardiff Real Estate March 2009 Market Report  

Cardiff Real Estate February 2009 Market Report  

Cardiff Real Estate January 2009 Market Report

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If I can provide more information about Cardiff, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

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365 Things to Do in Carlsbad (and Nearby) on Facebook   Lifestyle Search on AtHomeInCarlsbad.com - Jeff Dowler

Jeff Dowler's Flickr Profile  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile  Jeff Dowler's StumbleUpon Profile  Jeff Dowler's Twitter Profile  Jeff Dowler's Friendfeed ProfileSubscribe to this blog Jeff Dowler's LinkedIn Profile

Click to Search for All San Diego Homes          First Time Home Buyer Central Website          Relocation A to Z blog

Home Owner's Short Sale Guide

 

   Southern California Chapter of Certified Residential Specialists (CRS)

 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

Encinitas Real Estate - Encinitas Real Estate Market Report for June 2009

Encinitas real estate market report

As a buyer or seller in the Encinitas real estate market, it is important to have information about the market conditions in order to make a more informed decision about what to do with regard to buying, or selling, your Encinitas home. 

Here is a summary of the Encinitas real estate market for June 2009 based on statistics from the MLS (private sales are not included nor are manufactured and mobile homes). These data are deemed reliable but are not guaranteed.  

READ MORE: Encinitas - An Eclectic Seaside Community 

In June 2009 there were 50 homes sold in Encinitas (a 43% increase in sales over May, following a 25% increase over April). Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

50 (up 43%)

36 (up 57%)

14 (up 17%)

Days on Market

49

57

27

Average Sales Price

  $703,180 (up 2%) 

  $849,000 (down 1%) 

  $328,214 (down 13%) 

Average Sale $/List $

94%

93%

95%

There was a significant bump up in sales volume in June, as we have seen in other communities including Carlsbad, while the days on market remained about the same. 

Beacon's Beach in Encinitas at sunset - Jeff DowlerThere were 23 homes with a Contingent status at the end of June (i.e., short sale and REO homes having offers that are being considered by the lenders). These homes are still considered Active and are included in the overall active statistics below. 

At the end of June 2009 the Encinitas real estate market had 254  homes for sale, 5% fewer than in May. This represents an inventory of 4.2 months for attached homes, down from 5.6 months in May, and 8.8 months for detached homes at the current rate of sales, a decrease from 10.5 months in May (based on a 6-month period). 

66 Encinitas homes came on the market in June (53 detached and 13 attached), compared to 76 the previous month (a decrease of 13%), with 53 going pending during the same time period (40 detached, 13 attached), a small increase (4%) over May, a trend we have seen over the last 5 months. 

These data are based on information provided by the MLS for homes that went under contract in the last couple of months. More details about the Encinitas real estate market can be provided with regard to current activity as well as within specific areas such as Encinitas Ranch, Leucadia and Olivenhain. 

Watching the trends over time, as opposed to focusing on the data for one particular month, are more revealing and informative, and will provide a better index of what is happening in the Encinitas real estate market. If I can provide more information, please let me know.

READ MORE:

Encinitas Real Estate - Encinitas Market Report for May 2009

Encinitas Real Estate - Encinitas Market Report for April 2009

Encinitas Real Estate - Encinitas Market Report for March 2009

Encinitas Real Estate - Encinitas Market Report for February 2009

Encinitas Real Estate - Encinitas Market Report for January 2009

 

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If I can provide more information about Encinitas, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

 

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365 Things to Do in Carlsbad (and Nearby) on Facebook   Lifestyle Search on AtHomeInCarlsbad.com - Jeff Dowler

Jeff Dowler's Flickr Profile  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile  Jeff Dowler's StumbleUpon Profile  Jeff Dowler's Twitter Profile  Jeff Dowler's Friendfeed ProfileSubscribe to this blog Jeff Dowler's LinkedIn Profile

Click to Search for All San Diego Homes          First Time Home Buyer Central Website          Relocation A to Z blog

Home Owner's Short Sale Guide

 

   Southern California Chapter of Certified Residential Specialists (CRS)

 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

Carlsbad Real Estate - Carlsbad Market Report for June 2009

Carlsbad Real Estate Market Report

The Carlsbad real estate market continues to show some positive trends, and the statistics for June show a number of changes as compared to May 2009. 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. 

Media reports speak in general terms, rather than local, 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. 

In June 2009 there were 103 homes sold in Carlsbad's 4 zipcodes, as compared to 114 for May (a decline, for the first time in several months, of 10%). Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

103 (down 10%)

67

36

Days on Market

52

51

53

Average Sales Price

  $562,886 (up 4%) 

  $662,124 (up 4%) 

  $365,166 (up 7%) 

Average Sale$ / List$

96%

96%

97%

The number of sales was down from May, following the trend we have seen in some other communities during the same period, however the average sales prices increased over May 2009 prices. We also saw a decline in the Days on Market from an average of 61 to 52 days. 

Looking out over the Batiquitos Lagoon to the ocean at sunset in South CarlsbadThere were 106 properties in Carlsbad at the end of June with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), an increase of 33% over May. 60% were detached and 40% attached (these are included in the total inventory below since they are considered to be ACTIVE properties until offer acceptance). This could be due to the fact that the status was new in May and was not being used by agents when it should have been. It may also be that there are simply more short sale and REO homes getting offers.

At the end of June 2009 there were 578 Carlsbad homes for sale (390 detached, and 188 attached homes), almost the same number as in May. This represents an inventory of 6.8 months for attached homes (just a slight increase from May) and 6.8 months for detached homes (up from 5.7 months in May) based on the current rate of sales over the last 6 months. These absorption rates continue to be encouraging when compared to many other parts of the country, some of which have over 2 years of inventory. 

In June 155 homes came on the market (an increase of 15% over May 2009). And  during the same time 139 homes went pending, a decrease of 5% from May

Thus Carlsbad's inventory has not changed in the last two months, but with more homes coming on the market in June and fewer pendings, you can expect the absorption rate to increase next month. 

This overview of the Carlsbad real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in June. More details can be provided if needed with regard to current activity as well as within the specific zip codes of Carlsbad.

READ MORE:

Carlsbad Real Estate - Carlsbad Market Report for May 2009

Carlsbad Real Estate - Carlsbad Market Report for April 2009

Carlsbad Real Estate - Carlsbad Market Report for March 2009

Carlsbad Real Estate - Carlsbad Market Report for February 2009

Carlsbad Real Estate - Carlsbad Market Report for January 2009

Carlsbad Real Estate - Carlsbad Market Report for December 2008

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ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

Del Mar Real Estate - Del Mar Market Report for May 2009

Del Mar real estate market report

Del Mar is a small coastal town in North Diego County, just south of Solana Beach and north of La Jolla. Is has a reputation for being one of the most expensive towns in the county. Indeed, two of the most expensive homes for sale in the county are in Del Mar, and it still holds the record for the most expensive property sold (at about $48,000,000). 

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile) 

Having up to date statistics on the local Del Mar real estate market is important so buyers and sellers can make informed decisions. Here are the statistics obtained from the MLS for Del Mar for May 2009 (the data are believed accurate but are not guaranteed, and do not include any private sales). 

There were 19 homes sold in May 2009 in Del Mar (15 detached and 4 attached), more than double the number sold in April, mostly detached homes. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

19

15

4

Average Price

  $2,372,036 

  $2,835,546 

  $633,875 

Days on Market

81

99

13

Sale Price/List Price Ratio

94%

92%

99%

The number of homes sold increased substantially from the prior month, several homes selling at significant prices (1 at $14 million, 1 at around $9 million, with several others over $3 million) which contributed to a large increase in average selling price. Detached homes sold ranged in price from $765,000 to $14 million. Attached homes are another matter - while the average sales price more than doubled from April, it is due to the sale of 1 attached home at $1.645 million - the other 3 homes sold for under $500K (average = $300,166). 

Of the Del Mar home sales in May, 3 of the 4 attached homes were REO (the low end homes), while 14 of the 15 detached home sales were regular sales. 

36 Del Mar homes came on the market in May (26 detached and 10 attached), 18% fewer than in April.  

NOTE: There is a new status that is important for buyers to know about. The MLS now tracks those properties that are CONTINGENT, i.e., ones that have accepted offers that are waiting short sale approval, or where offers are submitted to the ROE banks and awaiting approval. In the past these were lumped together in the ACTIVE category, becoming pending only once the offers were officially accepted by the banks. They are still considered active and will be included with the ACTIVE properties when tracking stats from month to month, but they do have a different status that impacts buyers who may want to submit offers (the offers would be considered back-ups). 

There were 188 Del Mar homes (including the 5 with Contingent status) for sale at the end of May 2009, a 5% drop from the prior month. At the current rate of sales over a 6-month period, this represents an inventory of 19.5 months for detached homes (a decline from 26.5 months as of last month), and 16 months for attached properties, a small decrease from April 2009. 

17 homes went pending in May (13 detached and 4 attached), 1 more than last month. 

As with any statistics, 1 month of numbers do not make a trend, so it is important to see what is happening over a period of time. At the moment, inventory is trending up, but sales volume is about the same that it has been since the beginning or the year. If you would like more information on the Del Mar real estate market, please let me know.

READ MORE:

Del Mar Real Estate - Del Mar Market Report for April 2009

Del Mar Real Estate - Del Mar Market Report for March 2009 and Quarterly Overview

Oceanfront Property in Coastal North San Diego County - Del Mar

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If I can provide more information about Del Mar, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

 

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365 Things to Do in Carlsbad (and Nearby) on Facebook   Lifestyle Search on AtHomeInCarlsbad.com - Jeff Dowler

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Click to Search for All San Diego Homes          First Time Home Buyer Central Website          Relocation A to Z blog

Home Owner's Short Sale Guide

 

   Southern California Chapter of Certified Residential Specialists (CRS)

 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

Oceanside Real Estate - Oceanside Market Report for May 2009

Oceanside real estate market report 

Like other local markets, the Oceanside real estate market has undergone many shifts in the last several years and continues to evolve, especially with the large number of distress sales. These data do not include any private sales nor manufactured housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.

READ MORE:   Oceanside: A Growing and Changing Coastal San Diego Community

Media reports speak in general terms, rather than local, so that information may not represent the reality of the local Oceanside real estate market. Having data from a knowledgeable agent about the local market conditions benefits you as the buyer or seller. 

In May 2009 there were 219 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), as compared to 201 in April (another increase, of 9%). Here's the breakdown of overall activity. 

 

TOTAL

DETACHED

ATTACHED

# Sold

   219 (up 9%)

     138 (up 7%)

81 (up 13%)

Average $

  $265,284 (down 1%) 

  $306,503 (down 3%) 

  $195,508 (up 13%)   

Days on Market

70

66

76

Sale $/List $

99%

99%

97%

As in other communities, sales volume went up again in May and the average price for detached homes dropped (but in contrast it increased for attached homes). As compared to April 2008, sales rose 7% for detached homes (with a decline of 3% in average sales price in May from April) and 13% for attached homes (with another but smaller increase in average sales price over April 2009 of 13%)

California Surf Museum in OceansideNOTE: There is a new status that is important for buyers to know about. The MLS now tracks those properties that are CONTINGENT, i.e., ones that have accepted offers that are waiting short sale approval, or where offers are submitted to the REO banks and awaiting approval. In the past these were lumped together in the ACTIVE category, becoming pending only once the offers were officially accepted by the banks. They are still considered active and will be included with the ACTIVE properties when tracking stats from month to month, but they do have a different status that impacts buyers who may want to submit offers (the offers would be considered back-ups). 

In Oceanside there are 240 homes with a contingent status - 61% of these are detached homes. This represents 33% of all the homes for sale. Thus buyers entering the market are seeing 1/3 of the inventory already with offers in for short sales and REOs. 

At the end of May 2009 there were 726 Oceanside homes for sale (380 detached and 346 attached) a decline of 7% from the end of April (this includes the homes with Contingent status). This represents an inventory of only 1.8 months for detached homes and 3.7 months for detached homes based on the current rate of sales over the last 6 months, both of which declined again from the previous month.  These absorption rates continue to be impressive when compared to many other parts of the country, some of which have over 2 years of inventory. Indeed we are seeing more multiple offers, not only on distress sales but also on regular sales, especially below $400,000. 

In May we saw 162 homes come on the market, 31% fewer than in April (and almost half the number of new listings in March) . During May 211 homes went pending, about 20% fewer than in the previous month. So coupled with another decline in inventory (with fewer new homes for sale) we saw an increase in volume, which has resulted in the low absorption rates noted above

More details can be provided if needed with regard to current activity as well as within the specific zip codes of Oceanside.

READ MORE:

Oceanside Real Estate Market Report for March and April 2009

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If I can provide more information about Oceanside, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

 

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365 Things to Do in Carlsbad (and Nearby) on Facebook   Lifestyle Search on AtHomeInCarlsbad.com - Jeff Dowler

Jeff Dowler's Flickr Profile  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile  Jeff Dowler's StumbleUpon Profile  Jeff Dowler's Twitter Profile  Jeff Dowler's Friendfeed ProfileSubscribe to this blog Jeff Dowler's LinkedIn Profile

Click to Search for All San Diego Homes          First Time Home Buyer Central Website          Relocation A to Z blog

Home Owner's Short Sale Guide

 

   Southern California Chapter of Certified Residential Specialists (CRS)

 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

Solana Beach Real Estate - Solana Beach Market Report for May 2009

Solana Beach real estate market report - Jeff Dowler

Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities. Despite changes in prices over the last several years Solana Beach has seen less dramatic changes in their real estate market than some other nearby towns. 

READ MORE: Solana Beach Real Estate 

As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; area media reports focus on general market conditions and therefore will not provide an accurate picture of the local housing market in Solana Beach. 

The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties). The data are believed to be reliable but are not guaranteed. 

In May 2009 there were 10 homes sold in Solana Beach, the same as in April. Here's the breakdown of overall activity. 

  

TOTAL

DETACHED

ATTACHED

# Sold

10

7

3

Average $

  $1,325,900 

  $1,617,857 

  $644,666  

Days on Market

85

66

130

Sale Price/List Price

92%

89%

94%

Solana BeachNOTE: There is a new status that is important for buyers to know about. The MLS now tracks those properties that are CONTINGENT, i.e., ones that have accepted offers that are waiting short sale approval, or where offers are submitted to the ROE banks and awaiting approval. In the past these were lumped together in the ACTIVE category, becoming pending only once the offers were officially accepted by the banks. They are still considered active and will be included with the ACTIVE properties when tracking stats from month to month, but they do have a different status that impacts buyers who may want to submit offers (the offers would be considered back-ups). 

At the end of May 2009 there were 135 Solana Beach homes for sale, about the same inventory as in April (when one includes the Contingency status homes). This represents an inventory of 9 months for attached homes (the same as in April) with a 20% decline to 19.4 months for detached homes, down from 24.3 months in April, based on the current rate of sales over the last 6 months.  This is some good news, although the inventory is still a concern compared to current demand. 

Despite that, we are behind the rate of sales in May for recent years; there were 15 homes sold in Solana Beach in 2008, 12 in 2007, 23 in 2006 and 19 in 2005. There have been 45 Solana Beach sales so far in 2009, which is 27% behind the rate of sales for 2008. The average price for all homes YTD in 2009 is $932,170, as compared to $1,085,022 for 2008. There were a number of more expensive homes (over $3 million) sold last year by this time. 

In May 37 homes came on the market, a 24% decrease from April; 17 detached and 20 attached. At this time 9 homes went pending, 30% fewer than went pending in April.

More details can be provided if needed with regard to current real estate activity in Solana Beach. 

READ MORE: 

Solana Beach Real Estate - Solana Beach Market Report for April 2009

Solana Beach Real Estate - Solana Beach Market Report for March 2009

Solana Beach Real Estate - Solana Beach Market Report for February 2009

 

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If I can provide more information about Solana Beach, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

 

 

My Jeff Dowler signature

 

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365 Things to Do in Carlsbad (and Nearby) on Facebook   Lifestyle Search on AtHomeInCarlsbad.com - Jeff Dowler

Jeff Dowler's Flickr Profile  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile  Jeff Dowler's StumbleUpon Profile  Jeff Dowler's Twitter Profile  Jeff Dowler's Friendfeed ProfileSubscribe to this blog Jeff Dowler's LinkedIn Profile

Click to Search for All San Diego Homes          First Time Home Buyer Central Website          Relocation A to Z blog

Home Owner's Short Sale Guide

 

   Southern California Chapter of Certified Residential Specialists (CRS)

 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE CALIFORNIA RELOCATION DUDE

 

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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