The Carlsbad real estate market continues to shift, and the statistics for January show a number of fairly dramatic 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.
READ MORE: Carlsbad Village by the Sea
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 2010 there were 78 homes sold in Carlsbad's 4 zipcodes, a 34% increase from January following a 49% decrease from December sales. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
78 (up 34%) |
50 (up 28%) |
28 (up 47%) |
|
Days on Market
|
60 |
55 |
70 |
|
Average Sales Price
|
$591,536 (down 11%) |
$708.378 (down 9%) |
$382,899 (down 6%) |
|
Average Sale$ / List$
|
97% |
96% |
98% |
The total number of sales rose significantly from the previous month. Average prices, however, declined across the board, while average days on market remained about the same.
There were 114 properties (20% 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), 13% more than in January.
The overall inventory in the Carlsbad real estate market for the end of February (573 homes) rose again, up 11%, following an increase of 13% in January over December. This represents an inventory of only 6.3 months for attached homes (up from 5.3 months in January) and 4.8 months for detached (compared to 4 months in January) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In February the number of new homes coming on the market increased from the prior month; good news for buyers is that 218 new homes hit the market, up 3% over January. At the same time 19% more homes went pending (130) than in January, which had increased 28% over December.
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 Real Estate - Carlsbad Real Estate Market Report for January 2010
Carlsbad Real Estate - Carlsbad Real Estate Market Report for December 2009 Carlsbad Real Estate - Carlsbad Real Estate Market Report for November 2009 Carlsbad Real Estate - Carlsbad Real Estate Market Report for October 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for September 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for August 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for July 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for June 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for May 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for April 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for March 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for February 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for January 2009
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If I can provide more information about Carlsbad real estate 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 © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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If I can provide more information about Carlsbad real estate 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 me by phone or text at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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Jeff - This is great news! Although the prices dropped a bit it is nice to know that properties are selling and closing!
This is such a great picture. I can almost see my house over on the left side.
Great report Jeff! I would love those average prices in our area! Keep up the good work!
Hi Jeff,
I'm seeing a lot of similarities in markets all around. Numbers of closings are up, prices remain down, marketing time is about the same.
Jeff it is great to hear you have had such a dramatic jump in activity. I hope the pattern remains for the rest of the year.