The Carlsbad real estate market continues to shift, and the statistics for October show a number of changes from September 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 October 2009 there were 121 homes sold in Carlsbad's 4 zipcodes, the same as in September and 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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83 (up 5%)
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38 (down 1%)
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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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$593,711 (down 1%)
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$691,933 (down 4%)
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$379,173 (up 3%)
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Average Sale$ / List$
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97%
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98%
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96%
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The total number of sales was the same in October as in the previous month but with more sold detached homes and fewer attached. Average sales prices dropped modestly for detached home and but rose for attached.
There were 109 properties (22% of the total) in Carlsbad at the end of October with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), about the same as in September.
The overall inventory in the Carlsbad real estate market for the end of October (500 homes) dropped again, by 3%, from September, following a 4% decline from August. This represents an inventory of 3.9 months for attached homes (no change from September) with a decrease from 4.3 months to 3.9 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!!
In October the number of new homes coming on the market rose from the prior month; 135 new homes hit the market, up 13% over September. But in contrast during the same time 29% fewer homes went pending than in September.
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 Real Estate Market Report for September 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for August 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for July 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for June 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for May 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for April 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for March 2009
Carlsbad Real Estate - Carlsbad Real Estate Market Report for February 2009
Carlsbad Real Estate - Carlsbad Real Estate 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 reports for Carlsbad must be very well received. They are easy to follow and loaded with great information!