Carlsbad Homes for Sale - What Happened in the Carlsbad Real Estate Market in March 2012?

Carlsbad Homes for Sale - Homes for Sale in Carlsbad CA

The Carlsbad real estate market continues to shift, and the statistics for March show a number of changes from last month, some of them substantial. These data do not include private sales or manufactured/mobile/multi-family 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 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 a buyer or seller so you can make informed purchase and sale decisions. 

In March 2012 there were 135 Carlsbad homes sold (92008, 92009, 92010 and 92011), up 41% from February. Here’s the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

 

135 (up 41%)

85 (up 35%)

50 (up 52%)

Days on Market

 

84

79

92

Average Sales Price

 

$526,123 (down 4%)

$646,427 (down 3%)

$328,406 (up 3%

Average Sales$/List$

 

98%

97%

99%

The number of Carlsbad home sales rose dramatically over February sales - 22% of these were cash sales. Average sale prices declined modestly for detached homes but rose for attached home sales. There is some negotiation going on and buyers, on average, are getting their homes for 1 - 3% off the asking price.

Carlsbad Homes for Sale - Homes for Sale in Carlsbad CA Carlsbad Homes for Sale - Homes for Sale in Carlsbad CA

There were 135 properties (25% of the total) in Carlsbad at the end of March with the CONTINGENT status, 14% more than last month (i.e., homes with offers being reviewed for approval by short sale and REO lenders).

There were 552 Carlsbad Homes for sale at the end of March, the 8th decline in inventory, and the lowest inventory since January of 2010! This represents an inventory of 4.8 months for attached homes (down from 5.8 months last month) and 5.2 months for detached (up from 4.8 last month) based on the current rate of sales over the last 6 months. The real estate market in Carlsbad continues to be competitive.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

What Impact will the Shadow Inventory have on the Housing Market?

In March the number of new homes coming on the market increased, with 200 new listings (up 41%) hitting the market. The number of homes going pending rose again significantly, up 45% to 171, from February pendings.  

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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READ MORE:

Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in February 2012?

Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in January 2012?

Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in December 2011?

Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in November 2011?

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for October 2011

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for September 2011

 

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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com

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This post has been included in California Real Estate News San Diego County, CA Real Estate News Carlsbad, CA Real Estate News
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3 Comments on Carlsbad Homes for Sale - What Happened in the Carlsbad Real Estate Market in March 2012?

APR
02
2012
1,361,178 Points 244 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jeff I am not sure which figure sticks out the most to me, the 41% increase in sales from February or the 22% of cash sales.
6:40pm • #1
1,091,874 Points 201 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master
Hi Jeff, That's a a pretty good average price in the SF category. Overall, iit wiill be niice when the average prices is tending up as opposed to down.
7:24pm • #2
APR
03
2012
1,208,022 Points 193 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Simple and easy to understand market report in Carlsbad, Jeff. Good job in translating something not so complex to an understandable format for the benefit of your home buyers and sellers in Carlsbad CA.
5:43am • #3


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