Carlsbad Real Estate News and Views: Q2 2018 Housing Market for Carlsbad 92009 – Condos & Town Homes

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Q2 2018 Housing Market for Carlsbad 92009 – Condos & Town Homes

Housing Market Report for Q2 2018 for Carlsbad 92009

Condos, Town Homes & Twin Homes

 

The housing market for attached homes (condos, town homes, twin homes) has been a fairly busy one thus far in 2018 in Carlsbad, as the statistics for Q2 show!

 

The 92009 area covers the area South of Palomar Airport Road and east of El Camino Real, including La Costa (La Costa Ridge, La Costa Greens, La Costa Valley, La Costa Oaks), Bressi Ranch, La Costa Meadowridge, Brookfield, Rancho Carrillo, and other communities, with a mix of attached (condos, townhomes, twin homes) and detached single family homes. The area is anchored by the iconic Omni La Costa Resort and Spa, a fixture in the area since the 1960s, and many of the area condos and town homes are adjacent to the resort.

 

Sea Point Tennis Club in La Costa Carlsbad

 

In this market report we look at the activity for town homes, condos, and twin homes, in the 92009 area (La Costa).

 

ATTACHED HOME SALES IN 92009

  •         85 attached homes sold in 92009 in Q2, 11% fewer than in the same period in 2017, but 67% more than the number of homes sold in the first quarter of 2018.
  •         The average sales price was $560,481 (prices ranged $340,000 to $1,030,000; median sales price of $530,000), up 13% from Q2 in 2017.
  •         Attached homes in 92009 sold on average in 23 days in the second quarter, compared to 32 days in 2017.
  •         These homes sold for 98% of asking price on average, but 53% of the homes sold at or above list price.
  •         32% of the sales were cash transactions.

 

CURRENT ACTIVITY AS OF JULY 26, 2018

  •         There are 66 attached homes for sale in the Carlsbad 92009 area.
  •         Homes range in price from $325,000 to $1,199,000 (median price is $522,500)
  •         Current listings have been on the market an average of 39 days.

 

There are 21 attached homes that are pending, with listing prices ranging from $334,900 to $729,000, on the market an average of 42 days. 7 of the homes went pending in 1 week or less.

 

Inventory remains low in the 92009 area for attached homes. At the current rate of sales, we only have about 2.3 months of inventory available, a market that strongly favors sellers despite the increased inventory.

 

Carlsbad homes searchStart your search for a condo, townhome or twin home in the 92009 area using the link below.

 

Or you can search the complete inventory of Carlsbad homes by clicking on the photo at the right >>>>>>>>.

 

If you would like more details about the local housing market for condos, town homes and twin homes in 92009, and would like to discuss your wants, needs and budget, please give me a call at (760) 840-1360. We can arrange a time to talk further about your home search and develop a plan to cope with our competitive seller’s market and get you into a new Carlsbad home in 2018.

 

And if you are considering selling your home in Carlsbad or nearby I’m happy to provide an analysis of the local market conditions and the market value, answer all of your questions about marketing and what to expect in this seller’s market, and help create a plan to sell your home as quickly as possible and for top dollar.

 

SEARCH FOR HOMES FOR SALE IN THE 92009 CARLSBAD AREA

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase 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 3 commentsJeff Dowler, CRS • July 26 2018 09:24PM

Comments

Jeff Dowler, CRS great information for buyers and sellers in the Carlsbad 92009 area.  Condos and Townhomes are gaining popularity in Dallas, our downtown area is a hot market.

Posted by Lisa Von Domek, ....Experience Isn't Expensive.... It's Priceless! (Lisa Von Domek Team) 12 months ago

HI Jeff Dowler, CRS - Lots of choice for those who want to live close to the beach. You will find clients the right home in Carlsbad.. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 12 months ago

Hi Lisa Von Domek 

They're pretty popular here, too, especially in the 92009 area by the resort. And for some, it's what fits the budget.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 12 months ago

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