What’s My Carlsbad Home Worth? Carlsbad Home Sales for April 2017

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Real Estate Agent with Solutions Real Estate CalBRE License #01490977

What’s the Value of My Carlsbad Home?

 

The Carlsbad real estate market continues to change, and the statistics for April show several shifts from last month and 1 year ago. 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 at the time they are reported but are not guaranteed.

 

Current 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:

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In April 2017 there were 177 Carlsbad homes sold (92008, 92009, 92010 and 92011), another increase, by 16%, from March sales.  Here’s what happened:

 

TOTAL HOMES SOLD

116 (up 16%), 35 DOM; Ave. Sale price $899,140 (up 4%), 98% of asking price

 

Detached Homes Sold

106 (up 13%); 40 DOM; Ave. Sale price $1,107,492 (up 11%), 97% of asking price

 

Attached Homes Sold

71 (up 20%); 28 DOM, Ave. Sale price $588,079 (down 11%), 99% of asking price

 

The overall number of Carlsbad home sales in April increased from March levels, another increase, and not a surprise given the time of year. Average sales prices decreased for attached and rose modestly for detached compared to last month. Compared to April 2016, however, detached home sales were down by 4%, while attached sales were up by 11%. Average prices year over year rose, however, by 16% for detached homes and by 16% for attached homes from April 2016.

 

Townhomes in Carlsbad

 

21% of the transactions were cash buyers (compared to 19% last month)

Average time on market (DOM) remained the same for detached but declined modestly for attached homes.

 

Buyers, on average, are getting their homes for 1 - 3% off the asking price; however, 67 homes (38%) sold at and above the list price.

 

The median sales price for detached homes was $990,000 (up 9% from last month), and $560,000 for attached (up 5%).

 

There were 6 properties (3% of the total) in Carlsbad at the end of April with the CONTINGENT status, down by 4 from last month (i.e., homes with offers being reviewed for approval by short sale and REO lenders). These homes are technically still available but some listings may not allow more showings or be accepting more offers.

 

There were 225 Carlsbad homes for sale at the end of April, a modest decrease by 7% from last month, but 24% less inventory than at the end of April 2016. This represents an inventory of 1.1 months for attached homes (down from 1.6 months last month) and 2 months for detached (the same as last month) based on the current rate of sales over the last 6 months. The real estate market in Carlsbad continues to be very competitive for buyers, and remains a very strong sellers’ market.

 

In April 205 new listings came on the market, 15% less than in March. In contrast the number of homes going pending in April (excluding those homes that closed), 202, increased fairly substantially, by 12%, from last month.

 

READ MORE:

How Important is Inventory when Buying or Selling? Very!!

 

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, and neighborhoods, of Carlsbad.

 

Search for Carlsbad Homes for Sale

 

READ MORE:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for March 2017

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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Call Jeff Dowler  to find out What-s-your -Carlsbad-homes-worth

May 05, 2017 11:12 AM #1
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hannah Williams 

Thanks for the encouragement and support.

Have a wonderful weekend!

Jeff

May 05, 2017 11:37 AM #2
Rainmaker
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Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Jeff Dowler ~ there's no doubt about it - those thinking about selling in and around the Carlsbad area need to call you

May 05, 2017 11:53 AM #3
Rainmaker
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Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Jeff Dowler, as always, packed with useful information for Carlsbad home buyers and sellers. When it's time to list in Carlsbad, homeowners would be wise to call you.

May 05, 2017 12:36 PM #4
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Jeff -- the Carlsbad real estate market remains very competitive.  Fewer homes coming on the market, more going under contract, an incredibly low months of supply all show that working with a local expert like you is so beneficial to anyone interested in making a move in your area.  

May 06, 2017 06:24 AM #5
Rainmaker
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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: The median price in Carlsbad is almost a million dollars? I remember when Carlsbad used to be considered an afforadable place to live as compared to, say, Orange County or San Diego. I suppose it's all relative, though. Probably still IS an affordable place to live, LOL.

May 06, 2017 08:27 AM #6
Rainmaker
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Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Your Alexandria Virginia Real Estate Agent

Jeff, I really like your title - very well thought out. Anyone considering selling their Carlsbad home needs to contact you. You are a local expert who truly knows the ins and outs of the market. 

May 06, 2017 01:53 PM #7
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thanks for the compliment Jon Kolsky 

I appreciate the kind words Beth Atalay . I love selling Carlsbad homes!

It continues to be a challenging market for buyers but there are some great opportunities. Thanks so much Michael Jacobs 

Jeff

May 06, 2017 07:47 PM #8
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents  Yep we have come up in the world, but still more affordable than OC and LA, and many other communities in San Diego!! But yikes when you look at some other parts of the country.

Thank you Amanda S. Davidson I appreciate the compliment. Enjoy the rest of your weekend!

Jeff

May 06, 2017 07:51 PM #9
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