The Carlsbad real estate market continues to show some positive trends, and the statistics for June show a number of changes as compared to May 2009. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
Media reports speak in general terms, rather than local, so their information may not represent the reality of our local Carlsbad real estate market. Having data, and knowledge, about the local market conditions benefits you as the buyer or seller.
In June 2009 there were 103 homes sold in Carlsbad's 4 zipcodes, as compared to 114 for May (a decline, for the first time in several months, of 10%). Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
103 (down 10%) |
67 |
36 |
|
Days on Market
|
52 |
51 |
53 |
|
Average Sales Price
|
$562,886 (up 4%) |
$662,124 (up 4%) |
$365,166 (up 7%) |
|
Average Sale$ / List$
|
96% |
96% |
97% |
The number of sales was down from May, following the trend we have seen in some other communities during the same period, however the average sales prices increased over May 2009 prices. We also saw a decline in the Days on Market from an average of 61 to 52 days.
There were 106 properties in Carlsbad at the end of June with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), an increase of 33% over May. 60% were detached and 40% attached (these are included in the total inventory below since they are considered to be ACTIVE properties until offer acceptance). This could be due to the fact that the status was new in May and was not being used by agents when it should have been. It may also be that there are simply more short sale and REO homes getting offers.
At the end of June 2009 there were 578 Carlsbad homes for sale (390 detached, and 188 attached homes), almost the same number as in May. This represents an inventory of 6.8 months for attached homes (just a slight increase from May) and 6.8 months for detached homes (up from 5.7 months in May) based on the current rate of sales over the last 6 months. These absorption rates continue to be encouraging when compared to many other parts of the country, some of which have over 2 years of inventory.
In June 155 homes came on the market (an increase of 15% over May 2009). And during the same time 139 homes went pending, a decrease of 5% from May.
Thus Carlsbad's inventory has not changed in the last two months, but with more homes coming on the market in June and fewer pendings, you can expect the absorption rate to increase next month.
This overview of the Carlsbad real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in June. More details can be provided if needed with regard to current activity as well as within the specific zip codes of Carlsbad.
READ MORE:
Carlsbad Real Estate - Carlsbad Market Report for May 2009
Carlsbad Real Estate - Carlsbad Market Report for April 2009
Carlsbad Real Estate - Carlsbad Market Report for March 2009
Carlsbad Real Estate - Carlsbad Market Report for February 2009
Carlsbad Real Estate - Carlsbad Market Report for January 2009
Carlsbad Real Estate - Carlsbad Market Report for December 2008
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If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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