Carlsbad Homes for Sale - What Happened in the Carlsbad Real Estate Market in July 2012?
The Carlsbad real estate market continues to shift, and the statistics for July show a number of changes from last month. 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.
Media reports speak in general terms, so information may not represent the reality of our local Carlsbad real estate market, especially one that is shifting as ours is. 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 about Carlsbad homes for sale.
READ MORE ABOUT CARLSBAD:
101 Things to do In and Around Carlsbad
Carlsbad California and Historic Route 101 - The Coast Highway (a VIDEO)
In July 2012 there were 141 Carlsbad homes sold (92008, 92009, 92010 and 92011), down 21% from June, following an 18% increase over May. Here’s the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number |
141 (down 21%) |
93 (down 29%) |
48 (up 2%) |
|
Days on Market |
71 |
65 |
81 |
|
Average Sales Price |
$567,991 (down 14%) |
$683,522 (down 12%) |
$344,150 (up 3%) |
|
Average Sales$/List$ |
98% |
97% |
98% |
The number of Carlsbad home sales in July declined over June as much as they rose from May, by 21% - perhaps we are now seeing the impact of summer. Average sale prices also declined, for detached homes for the 4th month in a row, but increased modestly for attached home sales. There is some negotiation going on and buyers, on average, are getting their homes for 2 - 3% off the asking price.
There were 148 properties (33% of the total) in Carlsbad at the end of July with the CONTINGENT status, down 9% from last month (i.e., homes with offers being reviewed for approval by short sale and REO lenders).
There were 512 Carlsbad Homes for sale at the end of July (down 3%), the 1st increase after 10 months of inventory decline, but still the lowest inventory since early 2009! This represents an inventory of only 3.7 months for attached homes (down from 3.9 months in June) and 3.2 months for detached (down from 3.5 last month) based on the current rate of sales over the last 6 months. The real estate market in Carlsbad continues getting more competitive for buyers.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In July the number of new homes coming on the market decreased, with 201 new listings hitting the market, down 8% from last month. The number of homes going pending, however, rose by 12%, to 162, from June 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.
Search for Carlsbad Homes for Sale
Search for Homes with Views in Carlsbad
Search for Waterfront Homes for Sale in Carlsbad
READ MORE:
Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in June 2012?
Carlsbad Homes for Sale – What Happened in the Carlsbad Real Estate Market in May 2012?
Carlsbad Homes for Sale – What Happened in the Carslbad Real Estate Market in April 2012?
Comments (2)Subscribe to CommentsComment