The Carlsbad real estate market continues to show some positive trends, and the statistics for May show a number of changes as compared to April 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 that information may not represent the reality of our local Carlsbad 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 114 homes sold in Carlsbad's 4 zipcodes, as compared to 90 for April (another 27% increase in sales). Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
114 (up 27%) |
74 (up 28%) |
40 (up 25%) |
|
Days on Market
|
62 |
57 |
71 |
|
Average Sales Price
|
$538,628 (down 12%) |
$644,577 (down 14%) |
$342,625 (down 8%) |
|
Average Sale$ / List$
|
97% |
97% |
95% |
The number of sales was up significantly from April, by 27% following the trend we have seen for the last several months (sales increased April over March by 27%, and March increased 36% over February); the average sales prices, as we have seen in some other areas, dropped over the averages for April 2009.
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 80 Carlsbad homes for sale at the end of May with the CONTINGENT status - 50% were detached, 50% attached (these are included in the total inventory below).
At the end of May 2009 there were 579 Carlsbad homes for sale (399 detached, and 180 attached homes), a decrease in inventory of 7% over April. This represents an inventory of 6.7 months for attached homes (just a slight increase from March) and only 4.1 months for detached homes 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 May 134 Carlsbad homes came on the market (another decrease in the number coming on the market, 14% fewer than in April). But during the same time 147 homes went pending (90 detached, 53 attached), an increase of 3% over April which has risen 16% over March's pendings.
Thus Carlsbad's inventory is down, both due to increases in the volume of sales and a decline in the number of new listings coming on the market.
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 February. 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 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
San Diego Real Estate Market - Year End Market Report for 2008
Carlsbad Real Estate - Carlsbad Market Report for November 2008
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If I can provide more information about 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.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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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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