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Carlsbad Homes for Sale - Carlsbad Real Estate Market Report for December 2010

By Jeff Dowler, CRS

Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

January 07, 2011 03:43 PM

Carlsbad Real Estate Market Report for December 2010

The Carlsbad real estate market continues to shift, and the statistics for December show a number of changes from the prior month. 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.

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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 December 2010 there were 114 Carlsbad homes sold (4 zipcodes), 2 more than in November. Here's the breakdown of overall activity.

	TOTAL HOMES	Detached	Attached
Number	114 (down 4%)	76 (down 1%)	38 (down 10%)
Days on Market	81	82	80
Average Sales Price	$593,773 (down 1%)	$715,450 (up 4%)	$350,418 (down 6%)
Average Sale$ / List$	96%	96%	96%

The number of sales declined by 5, with average prices decreasing modestly; Days on market remained roughly the same.

There were 96 properties (15% of the total) in Carlsbad at the end of December with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), just 1 more home than last month.

The overall inventory in the Carlsbad real estate market for the end of December (628 homes) declined again, by9%, the 4th month in a row. This represents an inventory of 6.2 months for attached homes (down from 6.3 months last month) and only 4.6 months for detached (down from 5.1 months last month) based on the current rate of sales over the last 6 months.

In December the number of new homes coming on the market was down 20% from November, probably because of the holiday season; buyers saw 114 new homes hit the market. The number of homes going pending was somewhat less than last month, about 8% (103).

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.

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Randy Elliott

RE/MAX Gold - Lodi, CA

REALTOR : Lodi / Stockton, CA

Jeff, I love that photo in your blog! The view is breath-taking! So cold and gloomy here in my area lately. I need to visit Carlsbad again soon!

Jan 07, 2011 10:57 PM

Ginny Gorman

RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI

Homes for Sale in Southern RI and beyond

Jeff, as always you're the one I look to in order to raise my bar on the market stats & that's why i started using my scenic picture vs. template to showcase the stats...thank you again for challenging me btw...also i looked back at your 101 days of things to do from 2007 & they're awesome...btw congrats on your point milestone ca dude!

Jan 07, 2011 11:23 PM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Randy - yeah I get that. It's been chillier than normal here, but nothing compare to what you and so many others are dealing with.

Thanks, Ginny. I saw your new market report photo - it was terrific. Mine were easy to create in Picnik. Thanks for the compliment on the 101 Things, It was a fun article to do - it may be time for a redo.

Jeff

Jan 08, 2011 02:05 AM

Bill Burchard

3B Realty: 951-347-3818, CA - Murrieta, CA

Broker, Realtor, Representing Buyers and Sellers

Nice report, Jeff. (And congratulations on piercing the one million AR points level! Quite an accomplishment.)

Jan 08, 2011 02:20 AM

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

Hey, Jeff! You did it, man! Congratulations and welcome to the club!

Jan 08, 2011 03:35 AM

Deborah Byron Leffler BzyBee Real Estate Lady!

Keller Williams Realty Boise - Nampa, ID

Congrats Jeff on hitting the millionaire mark!!! WOW....great job on consistency and persistence!!!

Jan 08, 2011 03:38 AM

Gail C. Harris

Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD

Reach the BEACH with Gail C. Harris (cell: 703.868

CONGRATS ON THE MILLION POINTS... YIPPEE. I ALWAYS LIKE WHEN I SUBSCRIBE TO THE BEST. :)

Jan 08, 2011 04:58 AM

Rene Fabre

ARFCO Media - Renton, WA

Practicing Philosophical Eclectic of the Arts

Jeff: If I'm reading this right, it sounds like the Carlsbad market is (maybe not at its best yet) but certainly appears to be stabilizing. The average List/Sell$ is teetering between 96% and 97% since August...

Congratulations on crossing into the million point zone. It speaks volumes about discipline, consistency, and dedication. Have a great 2011.

Jan 08, 2011 05:19 AM

Lee & Pamela St. Peter

Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC

Making Connections to Success in Real Estate

My dear friend Jeff, I too was watching as your points were moving closer and closer to that million mark. Congratulations on such a successful blogging career here in the Rain ~ and again, thank YOU for all that you do for so many!

P.S - oh and nice market report too as usual! :)

Jan 08, 2011 06:16 AM

Steve Baklaich

RE/MAX Results St Cloud Mn real estate - Saint Cloud, MN

Treating Buyers & Sellers to Full Service Always.

Jeff: Those stats look pretty good to me. Stabilizing market with 6 months inventory. Congrats on breaking a million by the way:) Glad to see all the hard work pay off!

Jan 08, 2011 07:56 AM

Tom Braatz Waukesha County Real Estate 262-377-1459

Coldwell Banker - Oconomowoc, WI

Waukesha County Realtor Real Estate agent. SOLD!

Jeff

Nice market report on Carlsbad. It's down here as well.

Jan 08, 2011 08:14 AM

Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional

Charles Rutenberg Realty - Clearwater, FL

Palm Harbor, Dunedin, Clearwater, Safety Harbor

Jeff - another great localism report! Wouldn't it be great if we would start to see a constant increase in home sales?!?

Jan 08, 2011 08:33 AM

Connie Harvey

Pilkerton Realtors - Brentwood, TN

Realtor - Nashville TN Real Estate

Jeff, congratulations on hitting the Million point mark!

Jan 08, 2011 10:16 AM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Thanks, Bill. On both counts.

Pat - thank you so much. I so appreciate the blog you did, too. Very much appreciated but not necessary.

Gail - why how nice of you to say so.

Thanks, Rene. Overall we are in decent shape. The next few months with invetnory and rates will be very telling, I think.

Pamela - you are so kind. Thanks. And I appreciate your post, too.

Steve - Carlsbad seems to be doing pretty well overall. We are seeing some more shorts in the higher price ranges

Tom - but the changes are pretty small adn given the time of year not worrisome.

Barbara-Jo - well things are picking up here at the moment. I have seen some others' reports that were showing some improvement.

Thank you, Connie

Jeff

Jan 08, 2011 10:50 AM

1~Judi Barrett

Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK

BS Ed, Integrity Real Estate Services -IDABEL OK

Jeff,

Great job on post after post after post. AND on the consistent blogging efforts in those posts. Now you're on your way to the second million!

Jan 08, 2011 12:55 PM

William Johnson

Retired - La Jolla, CA

Retired

Hi Jeff, The numbers seem consistenat with what many other areas have been doing the last month. Sales are down and prices seem stable ( more so for SFD),

Congratulations my friend for crossing the million point threshold and you are now in a very small elite group of Millionaires ( points at least).

Jan 08, 2011 03:42 PM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Jeff as usual a terrific job reporting on the Carlsbad Real Estate market. I hope 2011 is a better year.

Jan 08, 2011 11:42 PM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Judi -- thanks. And you are not far behind!!

William - It's pretty similar to what I see the other coastal communities. I appreciate the congrats, too.

Bill - Things seem to be heating up. Hope the trend continues.

Jeff

Jan 09, 2011 02:58 AM

Renée Donohue~Home Photography

Savvy Home Pix - Allegan, MI

Western Michigan Real Estate Photographer

Very good information as always Jeff!

Jan 18, 2011 01:43 AM

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Carlsbad Homes for Sale - Carlsbad Real Estate Market Report for December 2010

Carlsbad Real Estate Market Report for December 2010

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