Carlsbad Real Estate News and Views: What’s My Carlsbad Home Worth? Carlsbad Home Sales for January 2020

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 January 2020

What’s the Value of My Carlsbad Home?

Carlsbad Market Report for January 2020

 

Carlsbad home searchAs we started off the new decade and new year, the Carlsbad real estate market continues to change, with some 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 do not address 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.

 

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Carlsbad Village by the Sea

 

97 homes sold in Carlsbad in January (92008, 92009, 92010 and 92011), 26% fewer than December. Here’s what happened:

 

Detached Homes Sold

59 (down 20%); 44 Days on Market, Average Sales price was $1,179,134 (up 7%), Average sales price was 97% of original asking price

 

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

38 (down 30%); 44 DOM, Average Sales price was $593,871 (down 4%), Average sales price was 97% of original asking price

 

Overall Carlsbad home sales in January decreased from December, with a significant decline in detached single family homes and a bigger decrease for attached homes. The average sales price was higher for detached single family homes but lower for attached properties.

 

Compared to January 2019, detached home sales were down by 8%, while there were 12% fewer attached home sales. In contrast the average sales price year over year also shifted, and was 15% higher for detached homes, and 5% higher for attached homes compared to January 2019.

 

9% of the transactions were cash buyers.

 

Average time on market (DOM) was longer for both detached and attached homes compared to last month, about a month and a half.

 

Carlsbad buyers, on average, were able to negotiate the purchase of their homes for 3% off the original asking price. However, 29% 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 December.

 

Carlsbad townhome for sale

 

The median sales price for detached homes was $1,092,450, 9% higher than in December, and $589,500 for attached, which was 4% higher.

 

There were 7 homes in Carlsbad at the end of January with a Contingent status, versus 6 last month. Contingent homes are technically still available but some listings may not allow more showings or accept back-up offers. 5 appear to be in a “first right of refusal” stage, with 2 short sales awaiting lender approval.

 

There were 212 Carlsbad homes for sale at the end of January, ranging in price from $349,000 to $26,950,000, which is 6% more than last month, and good news for buyers after months of declining inventory.

 

Current inventory is about 2.2 months for attached homes (up from 1.8 months last month) and 1.5 months for detached (up from 1.3 months last month) based on the current rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ market based on current inventory and buyer demand.

 

In January 169 new listings came on the market, substantially more last month. 110 homes went pending in January (excluding homes that closed), also a substantial increase, by 47%, from December.

 

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 to 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 December 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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eXp Realty of California (CA DRE lic #01490977)

Comment balloon 15 commentsJeff Dowler, CRS • February 05 2020 06:35PM

Comments

Hi Jeff Dowler, CRS - looks like a little room for buyers but still low inventory.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 23 days ago

Hi Jeff Dowler, CRS - When you think of beachside living, you think of beautiful beaches to enjoy along with wonderful views.  Carlsbad has both and a REALTOR® who knows how to take care of his clients. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 23 days ago

Hi Grant Schneider 

There are some good opportunities but buyers have to decide pretty quickly in the lower price ranges.

The inventory, while up from last month, is still lower than it's been for many months. Hopefully we will see more improvement this spring.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 23 days ago

Thanks Sheri Sperry - MCNE® 

The more time I spend here the more I like it and understand why people want to live here, and visit. For someone who wants to live at or near the beach, there are some terrific opportunities, even with our low inventory.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 22 days ago

It still looks like a strong market with a bit of a hickup but not much. I think with rates going down recently it ought to pick up.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 22 days ago

Hi Jeff Dowler, CRS, you are so right, media reports on a national level, however, real estate is local. It is best to work with a local, knowledgeable Realtor, in Carlsbad, that's definitely you. 

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 22 days ago

Good afternoon Jeff Dowler, CRS very detailed market report. Each community has a different approach to sales and those that have sold. Your report is very informative. 

Posted by Laura Filip, What can we do for you today? (Laura Filip Broker , Opening doors for All Seasons of Life ) 22 days ago

Carlsbad home buyers and sellers are certain to find this real estate market data valuable, Jeff.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 22 days ago

Jeff Dowler, CRS Thank you for taking the time to compile and share this important market information.  This is professionalism at its best - by providing buyers and sellers information needed so they can make informed decisions.  Best wishes!

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Maximum One Executive REALTORS®) 21 days ago

Jeff, great market update for Carlsbad, and love your photo.   It would entice many buyers with snow right now! 

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) 21 days ago

Hi Joe Pryor - I agree. Inventory is low but creeping up. Demand is still strong.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 21 days ago

Thanks Beth Atalay  We all know how wrong media reports can be.

I appreciate the kind words!

Have a great weekend!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 21 days ago

Thanks for the compliment Laura Filip !

Hi Myrl Jeffcoat  Thank you. I appreciate your stopping by.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 21 days ago

Thank you Jim Crawford 

I think it's an important thing to do so buyers and sellers are aware, and WE can educate them as needed.

Enjoy your weekend!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 21 days ago

Hi Joan Cox 

I get that! It's pretty nice here but it's been a little chilly for US. Down in the upper 30s the other night but into the high 50s/low 60s during the day. And no snow!!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 21 days ago

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