What’s My Carlsbad Home Worth?
Carlsbad Market Report for December 2017
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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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.
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.
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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market, or otherwise assist you, friends or family in a home search or home sale, please contact my mobile office or text me at (760) 840-1360, or feel free to email me at JeffDowlerSolutions@gmail.com
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