92009 La Costa Area of Carlsbad Market Report
It’s been a busy first quarter of 2016, with some notable shifts from the same period back in 2015. The 92009 area includes La Costa, Bressi Ranch and Rancho Carrillo, among other neighborhoods. There is a mix of attached (condos, townhomes, twinhomes) and detached single family homes, as well as newer (since 2005), and older homes from the 1960s and 1970s (old in SoCal terms).
There is bountiful shopping and dining in this area, it's just a few miles to the beaches, and the southern area offers the Omni La Costa Resort and Spa for golf, dining, shopping and their famous spa, plus the recently built Agua Norte Community Park. Legoland is to the north of this area, and Rancho Carrillo offers the Leo Carrillo Historic Ranch Park.
SINGLE FAMILY DETACHED HOME SALES
So what happened with single family detached home sales in the first quarter of this year in 92009?
- 78 single family detached homes sold, 20% fewer than the same period in 2015
- The average sales price was $971,831 (range of $585,000 to $1,475,000; median price of $880,000, up 2%), an increase of 8% from 2015.
- The average time on the market was 45 days, versus 48 days for Q1 in 2015
- Homes sold for 96% of asking price on average (vs. 97% for the same period in 2015), and 21% of the homes sold at list price or above (23% in 2015). 13% of the homes were cash transactions.
Currently there are 91 single family detached homes for sale in 92009, priced from $650,000 to $5,895,000, with 78 homes that are pending.
ATTACHED HOME SALES (condos, townhomes)
There were a number of shifts in the 92009 housing market for attached homes in Q1 of 2016 vs. 2015.
- 68 attached home sales, up 5% from last year’s 65 sales
- An average sales price of $441,440 vs. $410,453 in 2015 (up 7%) with a median price of $422,500 (up 4%).
- The average time on market was 36 days, compared to 50 days in 2015
- Attached homes sold for an average of 98% of the asking price, with 40% selling at or above list price (vs. 22% in 2015)
- 32% of the sales were for cash.
Inventory is fairly low, with 54 available attached homes for sale as of this writing, ranging in price from $265,000 - $1,195,000; 43 properties are currently pending.
The March 2016 housing market report for Carlsbad provides more detailed information about what happened last month.
Some other resources that may be helpful with video tips and advice on:
If you would like more detailed information about the market conditions in the 92009 area or specific neighborhoods like La Costa, Bressi Ranch or Rancho Carrillo, or are interested in exploring the housing options in your specific budget, please contact me at (760) 840-1360.
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