Here is the market report for May 2008 based on statistics from the MLS.
This does not include any private sales.
In May 2008 there were 130 homes sold in Carlsbad’s 4 zip codes (92008,92009,92010,920110, which represents the largest monthly sales thus far this year...about 4 times what we saw in January.
Here’s the breakdown of activity.
TOTAL HOMES SOLD 130 (Detached 82 Attached 48)
TOTAL Size 966 SF – 5345 SF (Detached 1335 SF – 5345 SF Attached 960 SF – 3000 SF)
TOTAL Price Range $190K - $1.895 M (Detached $274,900 - $1.895 M Attached $190K - $1.65 M)
TOTAL Days on Market 84 (Detached 78 Attached 95)
TOTAL Average $/SF $300/SF (Detached $307/SF Attached $288/SF)
TOTAL Average Sales Price $651,748 (Detached $779,069 Attached $434,242)
TOTAL Median Sales Price $586,000 (Detached $726,500 Attached $383,200)
TOTAL Average Sale $/List $ 96% (Detached 96% Attached 96%)
An additional 133 homes went under contract (pending) in May 2008.
148 homes came on the market during May 200.
The median price of Carlsbad homes is about 4% below the median from 1 year ago for detached homes, but 4% up from April 2008; the median for attached homes is about 13% below that of 1 year ago. The market still favors buyers, but we are seeing a more positive trend with more sales, stable pricing, and a healthy inventory.
There are, however, still a good number of distress sales, which is bringing down the prices in certain communities, and with the middle of summer upon us (this report is written a bit late) I would expect that after June things will slow a bit until after Labor Day.
If I can provide more details about the Carlsbad real estate market, particularly at the local level, please don’t hesitate to ask so you can make the best decision for your financial situation.
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If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360
or email me at JDowler@remax.net.
All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Hi Jeff, This must be so encouraging. I had been hearing that Carlsbad was one of the few places in the county showing some appreciation in a number of areas instead of just a drop in home values across the board. Good information Jeff.