Carlsbad Real Estate Market Report for January 2011
The Carlsbad real estate market continues to shift, and the statistics for January 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 January 2011 there were 76 Carlsbad homes sold (4 zipcodes), 33% less than in December. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
76 (down 33%) |
57 (down 25%) |
19 (down 50%) |
|
Days on Market
|
86 |
91 |
72 |
|
Average Sales Price
|
$609,323 (up 3%) |
$700,452 (down 1%) |
$335,936 (down 4%) |
|
Average Sale$ / List$
|
96% |
96% |
97% |
The number of sales declined by 33%, perhaps not a surprise given the holiday season, with average prices decreasing slightly; Days on market remained roughly the same.
There were 82 properties (12% of the total) in Carlsbad at the end of January with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), 16 fewer than last month.
The overall inventory in the Carlsbad real estate market for the end of January (628 homes) rose for the 1st time in 5 months, by 5%. This represents an inventory of 6.9 months for attached homes (up from 6.2 months last month) and 5.5 months for detached (up from 4.6 months last month) based on the current rate of sales over the last 6 months.
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In January the number of new homes coming on the market rose substantially, with more than twice as many homes (250) hitting the market (up 119%) as in December - given the holidays, this was not a surprise. The number of homes going pending also rose, up 17% (120 pendings), which is encouraging news for sellers pricing their homes well.
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 Homes for Sale | Carlsbad Real Estate Market Report for January 2011
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