The Carlsbad real estate market continues to shift, and the statistics for September show a number of changes as compared to August 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.
READ MORE: Carlsbad Village by the Sea
Media reports speak in general terms, 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 so you can make informed purchase and sale decisions.
In September 2009 there were 121 homes sold in Carlsbad's 4 zipcodes, the same as in August. Here's the breakdown of overall activity.
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TOTAL HOMES
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Detached
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Attached
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Number
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121 (no change)
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79 (down 8%)
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42 (up 20%)
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Days on Market
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53
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56
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48
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Average Sales Price
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$596,713 (down 5%)
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$717,949 (down 2%)
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$368,676 (up 1%)
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Average Sale$ / List$
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97%
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97%
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98%
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The total number of sales was the same in September as in the previous month (but is more than double the sales in January), but with a shift down for detached and up for attached. Average sales prices dropped modestly for detached home (but are up 12% from January) and rose slightly for attached (currently 2% above January prices), and the days on market decreased across the board.
There were 120 properties (23% of the total) in Carlsbad at the end of September with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), 8% more than in August.
The overall inventory for September (516 homes) dropped again, this time by 4% from August.
This represents an inventory of 3.9 months for attached homes (a downward change from August) with a small decrease to 4.3 month, from 4.5 months, for detached homes based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
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, and with the continued decrease in inventory the Carlsbad real estate market is becoming more competitive for buyers.
Indeed, in September the number of new homes coming on the market declined again from the prior month; 119 new homes hit the market, 29% fewer than in August. And during the same time 9% more homes (146) went pending than in August.
This overview of the Carlsbad real estate market is based on information provided by the MLS. More details can be provided with regard to current activity as well as within the specific zip codes of Carlsbad.
READ MORE:
Carlsbad Real Estate - Carlsbad Market Report for August 2009
Carlsbad Real Estate - Carlsbad Market Report for July 2009
Carlsbad Real Estate - Carlsbad Market Report for June 2009
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
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If I can provide more information about Carlsbad real estate 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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Jeff, your market report on Carlsbad Real Estate underscores the fact that "all real estate is local." You are actually in a Sellers real estate market in Carlsbad by definition. Congratulations on reaching the other side!