Special offer

What Happened in the Carlsbad Real Estate Market in 2012 Compared to 2011?

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What Happened in the Carlsbad Real Estate Market in 2012 Compared to 2011?

 

A trend we have seen in many markets throughout the US in 2012 was an upswing in home sales, some price increases, and a decline in inventory, creating a seller’s market in many communities, Carlsbad California included.

 

Here’s what happened in the Carlsbad real estate market in 2012 compared to 2011, along with similar information for other North San Diego County communities.

 

These data are for single family detached homes based on information reported in the SANDICOR MLS, and are believed to be reliable at the time this report was written but are not guaranteed.

 

Numbers in RED are declines year-over-year; positive changes are in GREEN.

 

Town

2012 Sales

2011 Sales

% Chg.

Ave. 2012 $

Ave. 2011%

% Chg.

Carlsbad

1243

995

25%

$700,885

$695,914

1%

Cardiff

70

87

-20%

$999,331

$961,542

4%

Encinitas

473

365

30%

$977,123

$857,837

14%

Solana Beach

96

75

28%

$1,134,284

$1,129,043

0%

Del Mar

173

154

12%

$1,738,779

$1,604,573

8%

La Jolla

359

271

32%

$1,765,770

$1,828,258

-3%

Ranch Santa Fe

242

197

23%

$2,482,408

$2,275,052

9%

Oceanside

1550

1309

18%

$358,489

$352,951

2%

Escondido

1672

1419

18%

$363,997

$350,951

4%

San Marcos

923

795

16%

$447,965

$414,571

8%

San Diego County

24197

21480

16%

$504,635

$482,693

5%

 

Clearly we are seeing positive growth in terms of sales volume, on average, for Carlsbad and other North San Diego County communities, as well as a rise in overall average prices year over year.

 

Note, however, that some average price changes may be affected, at least in part, by the sale of more expensive homes in 2012 than in 2011 (see this post – sales of million dollar surge in 2012) which of course pulls up the average. But the news is encouraging.

 

As a comparision, here's an infographic depicting year-over-year sales on a national basis (courtesy of Keeping Current Matters).

 

Single Family Sale Year-Over-Year Nationally 2012 vs. 2011

 

We’ll look closer at the changing market conditions in Carlsbad in particular, and some of the other communities in future posts.

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


Call or Text
(760) 840-1360

Email Me

Enjoy the beach life in Carlsbad, Oceanside, Encinitas,
San Marcos & other
North San Diego County coastal
& inland communities

Buy - Sell - Invest - Second Homes  

     

About Me

My Blog

My Website

  Jeff Dowler's Facebook Profile  Jeff Dowler's YouTube Profile    Jeff Dowler's LinkedIn Profile

 

Comments (3)

John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Contact area REALTOR Jeff Dowler for your Carlsbad Real Estate needs!

Jan 12, 2013 08:40 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jeff - WOW, purple is my favorite color, but in this case I'm loving the green. It is soooo nice to finally see real estate markets across the country improving.

Jan 12, 2013 09:15 AM
William Johnson
Retired - La Jolla, CA
Retired
Hi Jeff, The numbers don't lie and for sure 2012 was a vast improvement and I think 2013 will beat 2012 by at least an equal margin.
Jan 12, 2013 02:28 PM