Carlsbad Real Estate News and Views: What’s My Carlsbad Home Worth? Carlsbad Home Sales for March 2019

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What’s My Carlsbad Home Worth? Carlsbad Home Sales for March 2019

What’s the Value of My Carlsbad Home?

Carlsbad Market Report for March 2019

 

Carlsbad Homes searchThe Carlsbad real estate market continues to change, with several shifts from last month and 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 benefit you so you can make informed purchase and sale decisions about Carlsbad homes for sale.

 

READ MORE ABOUT THE CARLSBAD LIFESTYLE

Carlsbad Village by the Sea

 

Since the 1st of the year housing has picked up, with 121 total Carlsbad homes sold (92008, 92009, 92010 and 92011), up by 7% from February, the 3rd increase since the holidays!  Here’s what happened:

 

Detached Homes Sold

73 (up 4%); 33 Days on Market, Average Sale price $1,161,635 (up 15%), Average sale price 99% of original asking price,

 

Attached Homes (condos, town homes, twin homes) Sold

48 (up 9%); 39 DOM, Average Sale price $681,984 (up 7%), Average sale price 96% of original asking price

 

Carlsbad home sales in March increased from February. Average sales prices increased for both detached homes and attached homes; the significant bump in detached home prices is, in part, due to the sale of 1 home for over $7M which raised the average significantly. Compared to March 2018, detached home sales were down by 9%, but were up 20% for attached homes. Average prices year over year shifted down by 1% for detached homes, but increased by 19% for attached homes compared to 1 year ago.

 

Carlsbad home in Bressi Ranch

  

18% of the transactions were cash buyers (versus 17% last month)

 

Average time on market (DOM) decreased for detached homes but did not shift for attached homes (e.g., condos, town homes).

 

Carlsbad buyers, on average, were able to buy their homes for 1 - 4% off the original asking price; but at the same time 35% of the buyers paid asking price or better for their homes.

 

The median sales price for detached homes was $1,025,000 (up 15%) and $569,500 for attached, up 11% from February.

 

 

There were 4 homes in Carlsbad at the end of March with a CONTINGENT status, the same as last month (i.e., some of these are homes with offers being reviewed for approval by short sale and REO lenders). Contingent homes are technically still available but some listings may not allow more showings or accept more offers. 3 of these homes are in a “first right of refusal” stage due to contingent offers being accepted, 1 is a short sale.

 

There were 356 Carlsbad homes for sale (216 detached, 140 attached) at the end of March, an increase by 29% from last month, the 3rd consecutive inventory increase. This is substantially more inventory than one year ago, which is good news for buyers, and a 42% increase since the end of December.

 

Carlsbad late winter sunset

 

Current inventory is about 3.1 months for attached homes (down from 3.4 months last month) and 3.1 months for detached (up from 2.9 months last month) based on the current rate of sales over the last 3 months. Carlsbad remains a strong sellers’ market based on current inventory and buyer demand – buyers can expect competition and multiple offers on many properties, despite the increased inventory given the strong demand.

 

In March 240 new listings came on the market, a significant increase from last month (194). The number of homes going pending in March (excluding those homes that closed), 133, was also up, by 25%, from February.

 

This overview of the Carlsbad real estate market is based on information provided by the MLS. I’m happy to provide more details with regard to current activity as well as for specific neighborhoods of Carlsbad that interest you.

 

Please contact me at (760) 840-1360 so we can discuss your housing needs, lifestyle and budget, and any questions you have, so we can create a strategy to get you into a new Carlsbad home in 2019.

 

Search for Carlsbad Homes for Sale

 

Read More:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for February 2019

 

Here's what happened with Average and Median Prices for Detached and Attached homes in Carlsbad for the last year.

 

DETACHED HOMES

Average and Median Prices for detached homes in Carlsbad

ATTACHED HOMES

Averagd and Media Prices for Attached Homes in 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 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 6 commentsJeff Dowler, CRS • April 04 2019 12:58AM

Comments

Hi Jeff Dowler, CRS, I saw someone last week with a shirt with writing "Carlsbad PD", thought of you. Hope you'll see more listings in Carlsbad CA as more and more buyers will b looking for their next home.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 4 months ago

WOW! Now that is a fantastic market report, Jeff! If anyone knows Carlsbad, it's certainly you. Buyers and sellers would be wise to call you for assistance in the Carlsbad area.

Add a map and you can enter it in Hannah's challenge for this week's report!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 4 months ago

Hi Jeff Dowler, CRS - Another outstanding Carlsbad market report for clients.  You are the agent to call in the Northwest San Diego county area. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 4 months ago

Sounds like the Carlsbad Police Department Beth Atalay  It’s nice to see the inventory moving up!

Jeff

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

Hi Debe Maxwell, CRS 

Thanks for the kind words! Guess I need to review Hannah’s challenge again!

Have a wonderful weekend!

Jeff

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

Thank you kindly Sheri Sperry - MCNE® 

Hope all is well in Sedona! Have a terrific weekend!

Jeff

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

Participate