Q2 2019 Market Report for Single Family Detached Homes Carlsbad 92010
The 2nd quarter of 2019 was a busy time in the real estate market in the Carlsbad 92010 area, with some shifts from Q2 in 2018. Here we review what happened with single family detached home sales in the Carlsbad 92010 area for April through June 2019, along with current active and pending listings.
The 92010 area of Carlsbad includes Calavera Hills, Tamarack Point, The Summit, The Foothills at Carlsbad, Carlsbad Heights, Spinnaker Point, and the new planned communities of Robertson Ranch (2 of the neighborhoods are gated communities) and The Preserve. There are several other neighborhoods further west but east of El Camino Real, offering a mix of attached (condos, town homes, twin homes) and detached single family homes.
SINGLE FAMILY DETACHED HOME SALES
- 44 single family detached homes sold in 92010 in Q2 of 2019 (8% fewer than in 2018) but there were 29% more sales than in Q1 of this year.
- Average sales price was $932,819 – down 2% from the Q2 2018 average price but up 8% from the Q1 2019 average.
- Sales prices ranged from $649,000 to $1,675,000
- Median price was $870,000, down 1% from the Q2 2018 median sales price.
Single family detached homes sold quickly in Q2 2019, averaging 27 days on the market, versus 22 days for Q2 in 2018, but 31 days in the first quarter of 2019. Homes sold for 98% of the original asking price on average, but with 36% of the home buyers paying full price or more for their new homes. 16% of the home sales were cash transactions.
New construction sales in the Robertson Ranch community had some influence on the average prices for detached homes in 92010. Of the homes sold in Q2 of 2019, 4 (9%) were new builds, and 3 sold for over $1 million. New single family homes are selling in The Preserve but these have not been listed publicly in the MLS – feel free to reach out to me at (760) 840-1360 for more information on the new homes available to you in that community.
CURRENT MARKET ACTIVITY AS OF JULY 17, 2018
As of this writing there are 32 single family detached homes for sale in 92010, ranging in price from $600,000 to $2,300,000 (average price of $960,924). The current listings have been on the market for an average of 44 days.
There are 15 detached single family homes that are pending, ranging in price from $540,000 to $984,000. These homes were on the market for an average of 36 days before going pending. There are several new construction single family homes at The Preserve that are pending but these are not listed in the MLS.
Based on the rate of sales in Q2 and the number of active listings, we have about 2.2 months of inventory of single family detached homes based on the rate of sales over the last 3 months, a market that favors sellers as it has for some time.
If you would like more detailed information about the local real estate market conditions in the 92010 area, including attached condos and town homes, and are interested in exploring the housing options that fit your budget, please contact me at (760) 840-1360 for a personal consultation.
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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, local housing market conditions, or assist you, friends or family in a purchase or sale, please call or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com
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