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

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 My Carlsbad Home Worth? Carlsbad Home Sales for June 2019

What’s the Value of my Carlsbad Home?

Carlsbad Market Report for June 2019

 

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

 

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Carlsbad Village by the Sea

 

165 homes sold in Carlsbad in June (92008, 92009, 92010 and 92011), an increase by 10% from May.  Here’s what happened:

 

Detached Homes Sold

111 (up 19%); 33 Days on Market, Average Sale price was $1,042,089 (down 5%), Average sales price was 96% of original asking price

 

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

54 (down 5%); 28 Days on Market, Average Sales price was $595,523 (down 1%), Average sales price was 97% of original asking price

 

Carlsbad home sales in June rose modestly from May with a decline in attached home sales but with more sales of detached single family homes. Average sales prices decreased for detached homes as well as for attached homes.

 

Compared to June 2018, detached home sales were down by 8%, and down 13% for attached homes. Average prices year over year also shifted, and were down by 8% for detached homes, and by 5% for attached homes for the same period.

 

16% of the transactions were cash buyers (versus 19% last month).

 

Carlsbad home in La Costa Oaks

 

Average time on market (DOM) rose slightly for both detached and attached homes (e.g., condos, town homes) but remains around 1 month.

 

Carlsbad buyers, on average, were able to buy their homes for 3 - 4% off the original asking price; but at the same time 33% of the home buyers paid asking price or better for their homes.

 

The median sales price for detached homes was $1,019,000 (no change) and $570,000 for attached, up 6% from May.

 

There were 8 homes in Carlsbad at the end of June with a CONTINGENT status, versus 10 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 back-up offers. All 8 appear to be in a “first right of refusal” stage due to contingent offers being accepted.

 

There were 353 Carlsbad homes for sale at the end of June (ranging in price from $325,000 to $26,950,000), a slight increase by 1% from last month.

 

Current inventory is about 2.7 months for attached homes (up from 2.5 months last month) and 2.2 months for detached (down from 2.4 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.

 

In June 197 new listings came on the market, 19% fewer than last month. Similarly the number of homes going pending in June (excluding homes that closed), 129, 17% fewer than in May.

 

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, or to help you sell your home, in 2019.

 

SEARCH FOR CARLSBAD HOMES FOR SALE

 

Read More:

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

 

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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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Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

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Comment balloon 7 commentsJeff Dowler, CRS • July 07 2019 06:01PM

Comments

Carlsbad home sellers will be in very good hands when they select you as their listing agent.

Posted by Roy Kelley (Realty Group Referrals) 14 days ago

Hi Jeff Dowler, CRS - If 33% are paying the asking price or better, they really need your help to get the very best deal. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 14 days ago

Thanks for the update, all the best to you as you get many of these properties listed and sold.

 

Posted by Sally Crane, Woodland appraisal support. (WMS) 14 days ago

Morning Jeff.

A cash buyer for homes over 1 million around here is nonexistent.  While we have many millionaires, they hang onto their money, buying modest homes 

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) 13 days ago

Thank you Roy Kelley 

Sheri Sperry - MCNE® There's still a fair amount of competition in our market given demand and inventory. I'm always happy to help!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 13 days ago

Hi Sally Crane  - thanks for stopping by!

James Dray  - despite the prices there are a fair number of cash buyers, at all price points here.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 13 days ago

Good Monday morning, Jeff.

Have a great day and an outstanding week.

Posted by Roy Kelley (Realty Group Referrals) 13 days ago

Participate