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

What’s the Value of My Carlsbad Home?

Carlsbad Market Report for December 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 well-informed purchase and sale decisions about Carlsbad homes for sale.

 

READ MORE ABOUT CARLSBAD

Carlsbad Village by the Sea

 

122 homes sold in Carlsbad in December (92008, 92009, 92010 and 92011), up by 7% from November. Here’s what happened:

 

Detached Homes Sold

74 (down 3%); 32 Days on Market, Average Sale price was $1,101,049 (down 7%), Average sales price was 97% of original asking price

 

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

54 (up 24%); 38 DOM, Average Sales price was $615,948 (down 13%), Average sales price was 97% of original asking price

 

Overall Carlsbad home sales in December increased from November, with a slight decline in detached single family homes but a big increase for attached homes. The average sales price was lower for both types of homes.

 

Enjoy a quick lifestyle tour of Carlsbad in this slideshow

 

Compared to December 2018, detached home sales were up by 30%, while there were 37% more attached home sales. The average sale price year over year also shifted, and was up by 4% for detached homes, but 1% lower for attached homes compared to December 2018.

 

15% of the transactions were cash buyers.

 

Average time on market (DOM) dropped modestly by several days for both detached and attached homes compared to last month.

 

New home in The Preserve in Carlsbad

 

Carlsbad buyers, on average, were able to negotiate the purchase of their homes for 3% off the original asking price. However, 33% of the home buyers paid asking price or better for their homes, no doubt an indication of the competition in the market and similar to what we saw in November.

 

The median sales price for detached homes was $1,092,450 (down 4%) and $565,000 for attached, 8% lower than in November.

 

There were 6 homes in Carlsbad at the end of December with a Contingent status, the same as last month (i.e., sometimes 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. 4 appear to be in a “first right of refusal” stage, with 2 short sales.

 

There were 199 Carlsbad homes for sale at the end of December, ranging in price from $349,000 to $26,950,000, which is 21% fewer than last month, another decline but not really a surprise given the holiday season.

 

Current inventory is about 1.8 months for attached homes (down from 2.2 months last month) and 1.3 months for detached homes (down from 1.8 months last month) based on the current rate of sales over the last 3 months.

 

Carlsbad remains a very strong sellers’ market based on current inventory and buyer demand and became even more competitive in December.

 

In December 95 new listings came on the market, a significant decline from 114 last month, but still about 3 new listings per day in a big holiday month! 75 homes went pending in December (excluding homes that closed), 33% fewer than in November but still a relatively active housing market given the holidays.

 

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 such as La Costa, Aviara and Bressi Ranch.

 

Please contact me at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions you have. Then we’ll create a strategy to get you into a new Carlsbad home in 2020, and/or help you sell your current Carlsbad home this year.

 

SEARCH FOR CARLSBAD HOMES FOR SALE

 

Read More:

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

 

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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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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 10 commentsJeff Dowler, CRS • January 04 2020 08:01PM

Comments

Prospective home sellers will be in very good hands when they seek your professional real estate advice.

Posted by Roy Kelley (Realty Group Referrals) 25 days ago

I often think about the California climate this time of the year. Lol. I just can't see us moving from this area though. And if we had your weather, well then, we'd lose some of the percs of living here. What a catch-22. :) 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 25 days ago

Hi Debb Janes EcoBroker and Bernie Stea JD 

I totally get that. You live in a beautiful area...at least based on everything you have shared. After all these years I still miss New England, but the winters just got to be more than I wanted to deal with any longer. If I could only be bi-coastal!!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 25 days ago

Unlike you Jeff I do not miss New England:) I am not ashamed to admit it... Diane does miss it... but when I complain that it is freezing and it is 52 degrees that tells me I am at the right place:) on a side note always enjoy  your great posts and I am confident so do buyers and sellers in your market, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) 24 days ago

This real estate market data is sure to be valuable to home buyers and sellers in Carlsbad, Jeff.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 24 days ago

I am sure that market reports like this certainly make your phone rignt- Have a great 2020

Posted by Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties) 24 days ago

Hi Jeff  - I still remember my trips to Carsbad when I was in the Restaurant Company.  So beautiful there and you have all the information a buyer needs.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 24 days ago

Thanks for the kind words Roy Kelley 

Hi Endre Barath, Jr.  Well I do not miss the winter weather for sure, and the humidity and the mosquitoes!! Thank you for the compliment!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 24 days ago

Thanks for saying that Myrl Jeffcoat 

Hi Lise Howe  It's certainly good information for buyers and sellers to have!

Bet things have changed a lot since you were here Grant Schneider 

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 23 days ago

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

Sally

 

Posted by Sally Crane, Woodland appraisal support. (WMS) 20 days ago

Participate