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

What’s the Value My Carlsbad Home?

Carlsbad Market Report for September 2020

 

Carlsbad home search linkThe 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 reflect our 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

 

191 homes sold in Carlsbad in September (92008, 92009, 92010 and 92011), down 4% from August but still a substantial number of sales for any month over the last 2 years! Here’s what happened:

 

Single Family Homes Sold

132 (down 1%); Average Sales price was $1,249,364 (up 8%), Average sales price was 98% of original asking price

 

Condos, Townhomes & Duplexes Sold

59 (down 9%); Average Sales price was $666,405 (up 11%), Average sales price was 94% of original asking price

 

Overall Carlsbad home sales in September decreased from August, with a slight decrease in single family home sales but a larger decline for sales of condos, townhomes and duplexes. The average sales price was higher for single family homes, as well as for condos, townhomes and duplexes. Sales prices ranged from $310,000 to $3,050,000.

 

Compared to September 2019, single family home sales were up significantly by 80%, while there were 16% more condo, townhome and duplex sales. The average sales price year over year was 18% higher for single family homes, and 9% higher for condos, townhomes and duplexes.

 

36% of the homes went pending in 1 week or less – many buyers made decisions quickly to see properties and then made successful offers.

 

Carlsbad buyers, on average, were able to negotiate the purchase of their homes for 2 - 6% off the original asking price. However, about half of the home buyers (52%) paid asking price or better for their homes, a good indication of the competition that continues in the housing market.

 

Townhome in Carlsbad

 

The median sales price for single family homes was $1,225,000, up 11% from last month, and $590,000 for condos, townhomes and duplexes, which did not shift from last month.

 

There were 21 homes in Carlsbad at the end of September with a Contingent status (now called Active Under Contract in our MLS), versus 6 last month. These homes are technically still available (in some cases they may be short sales or REOs) but some of these listings may not allow more showings or accept more back-up offers. All are first right of refusals.

 

There were 193 Carlsbad homes for sale at the end of September, ranging in price from $105,000 to $26,950,000, which is a 9% decrease from last month.

 

Carlsbad’s current inventory is only 1.3 months for condos, townhomes and duplexes (down from 1.5 months last month) and about 3 weeks for detached (the same as last month) based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ market based on current inventory and buyer demand, and became more competitive in September due to limited supply and strong demand.

 

In September 180 new listings came on the market, compared to 208 last month. 184 homes went pending (excluding homes that closed), an increase by 5% from August, an average of about 6 listings going pending per day. It was a busy month for both buyers and sellers.

 

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 that you have. Then we can create a strategy to get you into a new Carlsbad home in 2020, and/or help you sell your current Carlsbad home.

 

SEARCH FOR CARLSBAD HOMES FOR SALE

 

Read More:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for August 2020

 

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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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Comment balloon 13 commentsJeff Dowler, CRS • October 04 2020 11:05PM

Comments

Wow Jeff Dowler, CRS  it is amazing at just how much the Carlsbad market is booming. I can honestly remember when paying $30,000 for a home in a San Diego beach community was considered a lot of money. (Back then Zip codes 92010 and 92011 were for Chula Vista)

Posted by Rocky Dickerson, Superior Service! (Realty One Group) 23 days ago

Hi Jeff,  Thank you for sharing this information about the Carlsbad Real Estate Market.  Very important information for buyers and sellers in your area.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities) 23 days ago

Jeff this is great information for both Buyers in Sellers looking to purchase or sell a home in Carlsbad.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 23 days ago

Good morning Jeff Dowler, CRS - interesting stats between detached and attached.  It seems that people are looking for more space from neighbors during this pandemic.

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

Good morning, Jeff Dowler, CRS inventory is down....prices are up.... now is the time to call Jeff Dowler for a Free Market Analysis....

Posted by Barbara Todaro, Previously Affiliated with The Todaro Team (RE/MAX Executive Realty - Retired ) 23 days ago

Hi Rocky Dickerson 

Yes, prices have certainly shifted, and the area has grown and changed quite a bit, since we moved here from Boston in 2005.  I had no idea about the 92010 and 92011 zip codes.

Jeff

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

Carlsbad home buyers and sellers are sure to value your real estate market report, Jeff!

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

Jeff Dowler, CRS - your vast knowledge and expertise is exactly what buyers and sellers need. As always, you produce great marketing reports that are truthful and helpful. 

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) 22 days ago

Thank Bob Crane  With our market being what it is buyers, and sellers, need to be informed.

Jeff

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

Hi George Souto  Given our market it's pretty important to understand what's going on, for both buyers and sellers!

Jeff

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

There is definitely a greater interest, overall, in single family homes Grant Schneider . But the numbers also reflect the overall make-up of the existing housing in our community.

Jeff

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

You're right Barbara Todaro  It' a great time to sell, for many, or to at least get the market and equity analysis so you can make an informed decision.

Jeff

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

Thanks for the kind words Myrl Jeffcoat 

I appreciate the compliment Patricia Feager, MBA, CRS, GRI,MRP  It certainly been an interesting market to watch.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California, Inc.) 19 days ago

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