Year-End 2016 Market Report for Carlsbad Attached Homes

By
Real Estate Agent with Solutions Real Estate CalBRE License #01490977

Year-End 2016 Market Report for

Attached Homes in Carlsbad

 

2016 was a busy year in real estate for Carlsbad and we saw some shifts compared to 2015. Carlsbad offers a wide variety of attached (condos, townhomes, twinhomes) and detached single family homes, in gated and ungated communities. For this report we will focus on what happened with attached homes (i.e., condos, town homes, and twin homes) but here’s what we saw for single family detached home sales in 2016 and beginning in 2017.

 

READ MORE ABOUT CARLSBAD:

Carlsbad Village by the Sea

101 Things to do In and Around Carlsbad

Carlsbad California and Historic Route 101 - The Coast Highway (a VIDEO)

 

The La Costa Collection town homes in Carlsbad

 

ATTACHED HOME SALES (condos, townhomes, twin homes)

 

We saw 715 attached homes sell in Carlsbad during 2016, a slight increase of 1% from 2015 sale (708). The average sales price increased by 9% from 2015 to $542,779 (ranging from $200,000 for a 1/1 condo to $4,200,000 for an oceanfront townhome in Carlsbad Village; the median price rose by 6% to $495,000, and up 17% from 2014).  

 

The average price in 2016 was up 21% over 2014 prices. Certainly the sales of many new condos at SummerHouse in Carlsbad Village, all priced in the $1M - $2M range with ocean-views, had some impact on the average prices for 2016 (some of these condos also sold in late 2015).

 

Condos at The Sanctuary in Carlsbad

 

The average time on market was 32 days, down from 39 days in 2015, so homes sold fairly quickly as we saw with single family homes sales. These attached homes sold for an average of 97% of the listing price, but with 31% of the homes selling at or above the last asking price. 27% of the attached home sales were cash transactions.

 

In summary we saw slightly more attached home sales in 2016 than we did for 2015, but both average and median prices rose fairly significantly in 2016 over 2015. We saw a modest drop in the marketing time (DOM) from almost 6 weeks in 2015 to around a month in 2016, and a substantial number of cash transactions.

 

The Trails twin homes in Carlsbad

 

 

2017 ACTIVITY FOR CARLSBAD ATTACHED HOMES AS OF JAN. 18

 

Inventory is fairly low, with only 82 available attached homes for sale as of this writing, ranging in price from $345,000 for a 1 bedroom 1 bath condo to $2,995,000 for an ocean-view townhome built in 2016. There are 63 properties pending in Carlsbad priced from $232,900 to $1,988,888. The current market strongly favors sellers, with about 1.8 months of inventory based on the rate of sales in the last 30 days, and current buyer demand.

 

Carlsbad home sales searchYou can search all homes in the Carlsbad housing market by clicking on the photo to the right.

 

Or search for attached homes only using the link below.

 

If you would like more detailed information about the local real estate market conditions in Carlsbad, or are interested in exploring the housing options that fit your needs and your budget, please contact me at (760) 840-1360 for a personal consultation.

 

Search for All Attached Carlsbad Homes for Sale

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Carlsbad
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
HyperLocal Neighborhood and Community Posts
Tags:
market reports
condos for sale in carlsbad
carlsbad real estate market
jeff dowler crs
southern california relocation dude
yearend market report for carlsbad attached homes
carlsbad attached homes for sale

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
950,756
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Great market in Carlsbad - both for prices and days to sell.  Of course, I can see why!

Jan 19, 2017 01:46 PM #1
Ambassador
777,171
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Great info Jeff --- sounds like if sellers want to make a good profit they should be calling you to add to the local inventory

Jan 19, 2017 02:11 PM #2
Rainmaker
253,234
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Sounds like you are in a hot market, Jeff. 

Jan 19, 2017 03:20 PM #3
Rainmaker
2,523,206
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Jeff,  this is a nice year-end wrap-up for attached homes in Carlsbad. Inventory seems to be biting many markets in the backside.  Sellers who want to sell and are on the fence ... it is time to get off and call Jeff Dowler to list your home and get it sold. 

Jan 19, 2017 04:26 PM #4
Ambassador
3,449,937
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Margaret Goss . Thanks for stopping by and for the compliment. Yes, when one considers location, etc. it's easier to understand the prices!

I would love to help add to the inventory here John Meussner . Buyers would appreciate it!

Jeff

Jan 19, 2017 05:22 PM #5
Ambassador
3,449,937
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Lynnea Miller  - indeed it is. It can be a bit of a challenge for buyers in some price point and areas of Carlsbad.

Hi Kathleen Daniels  It IS a good time for many sellers, provided they can find what they want to move up or down to, if that's the objective. Thanks for the support!

Jeff

Jan 19, 2017 05:25 PM #6
Rainmaker
1,929,996
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hello Jeff: Yes, less than 2 months of inventory makes it hard to buy a home without the right Realtor in Carlsbad. Fortunately, you're that guy!

Jan 20, 2017 08:10 AM #7
Ambassador
1,307,051
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Low inventory indeed. Curious, how many REALTORS® do you have competing for listings?

Jan 20, 2017 08:28 AM #8
Ambassador
1,733,272
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Jeff you do a great job or reporting in Carlsbad attached properties and the complete picture. This will really help people in their decisions for the Spring market

Jan 20, 2017 05:05 PM #9
Rainmaker
2,514,978
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Markets will shift but if prepared, we won't sustain earthquake damage from all the shifting, you know?

Jan 20, 2017 06:39 PM #10
Rainmaker
2,514,978
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I agree with Noah that you do a great job and you not only do that but make it so you sound natural and authentically honest and that means a lot. Noah Seidenberg

Jan 20, 2017 06:39 PM #11
Ambassador
3,449,937
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents 

  - it is quite a challenge, at least in the lower price points ($600K - $800K!!). Thanks for the compliment.

Good question Joe Pryor  - our North San Diego County Board has 5069 members, and the entire MLS (San Diego has 4 Boards) is about 20,600. There are currently 4711 active listings (all types) and another 3584 pendings

Jeff

Jan 22, 2017 08:02 AM #12
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,449,937

Jeff Dowler

The Southern California Relocation Dude - Carlsbad
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information