The summary statistics for Carlsbad for October 2007 from the MLS are below (please note that this information does not include private sales or homes sold through builders that are not in the MLS).
- Homes for sale - 493 detached, 274 attached (down 9% for detached and 5% for attached from September)
- 130 detached and 69 attached homes came on the market in October
- 463 detached and 215 attached homes have sold in the last 6 months
- Absorption (inventory) is 6.4 months for detached (slight increase from September) and 7.6 months for attached homes (1 month more than in September)
- Average marketing time was 62 days for attached and 66 days for detached
- Median sales price for detached - $766,125, down 2% from September
- Median sales price for attached - $443,000, down 1% from September
Carlsbad Homes are selling at 95% (detached) and 96% (attached) of list price, which has been the pattern for about 8 months now.
The number of Carlsbad homes for sale declined for the first time since January 2007 (by 7%), and is 24% lower than the peak inventory that occurred August 2006.
As we head into the holiday season, and possibly with the recent fires (none in Carlsbad) we may see an impact on the inventory and in sales. It is common that the number of homes for sales decreases as does the number of sales at this time of year. On the other hand, there could be some demand for homes near the coast and away from fire-stricken areas. Time will tell, and as always it is important to watch the trends and not rely on data from just one or two months to draw any firm conclusions.
The Carlsbad real estate market continues to be pretty stable; the number of sales, based on the MLS is a little behind the same time last year, at about 95% (total homes sold YTD in 2007 is 1180, as compared to 1245 for end of October in 2006, a 5% decline in sales; sales of detached homes are brisker by about 2%, but 17% fewer attached homes have sold so far this year compared to the same time last year). This contrasts with San Diego County as a whole, where sales lag 2006 YTD by 16%.
If I can provide more detailed information about Carlsbad real estate or other local areas, please let me know (text or call me direct at 760-840-1360 or email me at JDowler@remax.net).
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