Carlsbad Real Estate News and Views: What’s the Value of My Carlsbad Home? Home Sales for December 2017

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 the Value of My Carlsbad Home? Home Sales for December 2017

What’s My Carlsbad Home Worth?

Carlsbad Market Report for December 2017

 

Carlsbad home searchThe Carlsbad real estate market continues to change, and the statistics for December show several shifts from last month and from 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 benefits you as a buyer or seller so you can make informed purchase and sale decisions about Carlsbad homes for sale.

 

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Carlsbad Village by the Sea

 

In December 2017 there were 112 Carlsbad homes sold (92008, 92009, 92010 and 92011), down by 15% from November.  Here’s what happened:

 

TOTAL HOMES SOLD

112 (down 15%), 37 DOM; Ave. Sale price $867,097 (up 4%), Ave. sale price 97% of asking price

 

Detached Homes Sold

74 (down 7%), 42 DOM; Ave. Sale price $989,918 (down 1%), Ave. sale, price 98% of asking price,

 

Attached Homes Sold

38 (down 27%); 26 DOM, Ave. Sale price $627,918 (up 8%), Ave. sale price 97% of asking price

 

The overall number of Carlsbad home sales in December decreased from November, with a decline in both detached single family home sales and attached home sales. Average sales prices declined slightly for detached homes, but rose for attached homes compared to last month.

 

Carlsbad oceanfront homes

 

Compared to December 2016, detached home sales were down by 10%, and down 32% for attached homes. However, average prices year over year rose by 2% for detached homes, and increased by 5% for attached homes from December 2016.

 

26% of the transactions were cash buyers (versus 20% last month)

 

Average time on market (DOM) rose for both attached and detached single family homes.

 

Buyers, on average, are getting their homes for 2 - 3% off the asking price; however, 35% of the homes sold at and above the list price (a number of these were new construction).

 

The median sales price for detached homes was $898,750 (down 2% from last month), and $532,750 for attached (up 1%)

 

There were 2 properties (2% of the total) in Carlsbad at the end of December with the CONTINGENT status, the same as last month (i.e., for the most part these are homes with offers being reviewed for approval by short sale and REO lenders). These homes are technically still available but some listings may not allow more showings or be accepting more offers.

 

There were 133 Carlsbad homes for sale at the end of December, a significant decrease by 36% from last month, although not a surprise given the holiday season. This represents an inventory of only 1.1 months for attached homes (down from 1.2 months last month) and 1 month for detached (down from 1.3 months last month) based on the current rate of sales over the last 3 months. The real estate market in Carlsbad continues to be very competitive for buyers, and remains a very strong sellers’ market.

 

In December 72 new listings came on the market, which is 29% fewer than in November. The number of homes going pending in December (excluding those homes that closed), 81, also decreased, by 26%, from last month.

 

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, and neighborhoods, of Carlsbad.

 

Search for Carlsbad Homes for Sale

 

READ MORE:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for November 2017

 

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If I can provide more information about homes for sale in Carlsbad and in 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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Comment balloon 5 commentsJeff Dowler, CRS • January 03 2018 01:07AM

Comments

Even though I am a Real Estate Agent and a Member of NAR, I wouldn't even know how much property is worth in Carlsbad, CA. That's just one reason why I wouldn't trust Zillow, T.Vl shows on Reality T.V., or what I read on the Internet. However, I would trust Jeff Dowler!  

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) 4 months ago

Another wonderful market report Jeff Dowler  buyers and sellers should call you when looking to make a move

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) 4 months ago

Hi Patricia Feager 

What a nice compliment. There ARE so many sources of information on prices and so much of it is wrong. We know how local real estate can be but many buyers don't.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 4 months ago

Hi Hannah Williams 

Thanks for the kind words. It continues to be a challenging market, but new inventory is hitting the market daily, even though in limited quantities. It pays to be watchful, and to understand the market conditions, plus be prepared to move quickly.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 4 months ago

Hey Jeff, Happy New Year. We just returned from sunshine and now it's back to the reality of focusing on 2018.  Let's all hope for more inventory in the months ahead.  D 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 4 months ago

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