What’s the Value of My Carlsbad Home?
Carlsbad Market Report for December 2020
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 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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167 homes sold in Carlsbad in December (92008, 92009, 92010 and 92011), down 5% from November but still a substantial number of sales in any month over the last 2 years! Here’s what happened:
Single Family Homes Sold
95 (down by 18%); Average Days on Market was 13; Average Sales price was $1,225,754 (down 1%); Average sales price was 100% of original asking price
Condos, Townhomes & Duplexes Sold
72 (up 20%); Average Sales price was $729,109 (up 10%); Average sales price was 99% of original asking price
Overall Carlsbad home sales in December decreased modestly from November, with a substantial decline in single family home sales versus a significant increase in sales of condos, townhomes and duplexes. The average sales price was slightly lower for single family homes, but was higher for condos, townhomes and duplexes. Sales prices for December ranged from $360,000 to $2,462,500.
Compared to December 2019, single family home sales were up by 27% in December 2020, while there were 18% more condo, townhome and duplex sales. The average sales price year over year was 11% higher for single family homes, and 24% higher for condos, townhomes and duplexes.
Almost half of the homes (47%) went pending in 1 week or less – clearly many buyers made quick decisions to see properties and then made successful offers! This is important to keep in mind as a prospective buyer!
Carlsbad buyers were able to negotiate the purchase of their homes and average of 1% off the original asking price. However, well over half of the home buyers (67%) paid asking price or higher for their homes, a good indication of the competition among buyers in the Carlsbad housing market.
The median sales price for single family homes was $1,190,000, up 3% from last month, and $629,500 for condos, townhomes and duplexes, up 7% from November.
There were 10 homes in Carlsbad at the end of December with an Active Under Contract status, versus 13 last month. These homes are technically still available (in rare instances they may be short sales or REOs) but some of these listings may not allow more showings or accept more back-up offers.
There were 100 Carlsbad homes for sale at the end of December, ranging in price from $325,000 to $26,950,000, which is a 28% decrease from last month, but not a surprise given the holidays.
Carlsbad’s current inventory is very limited, with only a 23 day supply for condos, townhomes and duplexes (down from 1 month last month) and 13 days for single family homes (down from 17 days in November), 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 December due to decreased supply and continued strong demand.
In December 81 new listings hit the market, versus 108 last month – but not a surprise with the holiday season. 81 homes went pending (excluding homes that closed), a decrease by 35% from November but still an average of 2 to 3 listings going pending each day.
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, Bressi Ranch or Calavera Hills.
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 will create a strategy to help you buy a new Carlsbad home, and/or help you sell your current Carlsbad home.
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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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