Carlsbad, CA Market Report (92009)
If you are new to reading my Market Report, I would like to take a moment to explain the data you are reading. The listing information comes directly from the MLS and reflects a 7 day history. It is important to watch the trend of new listing vs sold, this can often give indications if inventory is tight or in surplus. In turn that can help determine if it is a seller's or buyer's market. I also provide average listing prices, days on market and price per square foot. This is again for purposes of tracking the overall market for this one community. As always, each property is unique, and no matter if it is a seller's or a buyer's market, if you have found the right property, always use the comparative analysis your Real Estate agent can provide to determine the proper market value of the property, and then factor in your motivation for the property.
My opinions stated below are from my own research each week from market trend data that I receive from various sources. If you have any questions or comments regarding my opinion, please contact me for further information or clarification.
The following is the weekly activity for Carlsbad:
- 15 new* listings were placed on the MLS
- 15 listings went into escrow and were listed as pending.
- 10 listings closed escrow and were sold.
- 12 listings cancelled, withdrew or expired
(*new listing refers a property that has not been on the market in the last 6 months)
This week's Market Action Index
The Carlsbad market sellers are finally seeing some good news since the last few weeks. As home sales have been exceeding new inventory for the past few weeks, the price and Market Action index finally responded positively. If the lightening of inventory continues and demand continues for homes in this popular zip code, expect to see prices trend upwards. If you are considering shopping for a home in this zip code, this is a great time to buy.
Real Time Market Profile
The average listing price saw a strong upward trend this week for Carlsbad, 92009. The days on market stayed the same, so I would venture to say that we are finally seeing an upward trend in pricing. After several weeks of stable prices, this could be the beginning of a rally for this zip code.
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