Carlsbad Homes for Sale - What Happened in the Carlsbad Real Estate Market in January 2012?
The Carlsbad real estate market continues to shift, and the statistics for January show a number of changes from last month. 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 but are not guaranteed.
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Media reports speak in general terms, so 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 a buyer or seller so you can make informed purchase and sale decisions.
In January 2012 there were 102 Carlsbad homes sold (92008, 92009, 92010 and 92011), the same as in December. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number |
102 (no change) |
60 (down 13%) |
42 (up 27%) |
|
Days on Market |
95 |
77 |
121 |
|
Average Sales Price |
$485,597 (down 6%) |
$601,362 (down 2%) |
$320,218 (down 2% |
|
Average Sales$/List$ |
97% |
96% |
92% |
The number of Carlsbad home sales remained the same, but with fewer detached homes sold in January than in December, but the opposite for attached. Overall average sale prices declined modestly. There is still some negotiation going on and buyers, on average, are getting their homes for 4 - 8% off the asking price.
There were 118 properties (20% of the total) in Carlsbad at the end of January with the CONTINGENT status, 6 more than last month (i.e., homes with offers being reviewed for approval by short sale and REO lenders).
There were 597 Carlsbad Homes for sale at the end of January, the 7th decline in inventor, by 4%, and the lowest inventory in over a year! This represents an inventory of 5.8 months for attached homes (down from 6.3 months last month) and 4.8 months for detached (up from 4.5 last month) based on the current rate of sales over the last 6 months. The real estate market in Carlsbad continues to be competitive and is getting more so.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In January the number of new homes coming on the market increased, with 141 new listings (up 54%) hitting the market. This is likely due to the fact we are past the holidays and heading into the spring market. The number of homes going pending rose significantly, up 22% to 118, from December pendings. People were buying in January, and late 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.
Watch for my 2011 overview of the Carlsbad real estate market!
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READ MORE:
Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in December 2011?
Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in November 2011?
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for October 2011
Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for September 2011
Carlsbad Homes for Sale: Carlsbad Real Estate Market Report for August 2011
Carlsbad Homes for Sale: Carlsbad Real Estate Market Report for July 2011
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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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Nice picture Jeff, I like the report. Nice and detail. I need to start creating reports for my area.
LOVE Carlsbad. Overdue for a visit there. Thanks for the report! Nice and clean and simple.
Hey, that's a picture of Batiquitos Lagoon! My parents live near there. Good report, Jeff. I like the insights into what's driving the number rather than just a few charts. Looks like things are doing well. I hope the market snaps back this spring.
We have family that lives here and we LOVE it there!
Never visited Carlsbad - guess I should. Great local post - obviously you are the local expert!
Hi Jeff, I read about this post in a comment on another of your posts and wanted to be sure to drop over and read it. The increase in Pending sales speak volumes of what we are all expecting to see this year barring any other crisis. I honestly feel we will see some real progress this year in attitudes and perhaps a more robust call to action to take advantage of the low rates and the low home homes prices.
Jeff
Very nice and concise market report on Carlsbad. Beautiful picture
Hi Jeff -- a nice report.. I am cautiously optimistic that we are going to see a stablizing real estate market... things are looking goof so far in NH.
Congrats on the feature! Great market report. You do an excellent job of keeping clients and agents informed on current market trends. Thanks for sharing and have a great week.
Hi Jeff, I like this style of market report. I have been trying different ones and may try one like this. Do you get any feedback on it?
Jeff, very nice analysis of your market and keeping the people in Carlsbad updated. Congratulations on the feature.
Luis - you definitely should, at least for the areas you specialize in. Consumers like them!
Rosi - I love it too. C'mon over!
Bryan - it is indeed. I love this view. Things seem to be doing pretty well although we could use more inventory. It is a great time for buyers.
Dina- your family made a wise choice!
Joy - you really should visit sometime. I am still learning but after 7 years I know quite a bit.
William - we are, indeed, seeing some encouraging signs.
Jeff