The Carlsbad real estate market continues to evolve, and the data for October 2008 show a number of changes from September. These data do not include any private sales nor manufactured housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
Because the media reports speak in general terms, rather than local, the information you hear in the media may not represent the reality of our local market, so having data from a knowledgeable agent about your local market conditions benefits you as the buyer or seller. Don't hesitate to ask for more information on the San Diego real estate makret that interests you.
In October 2008 there were 100 homes sold in Carlsbad's 4 zipcodes, as compared to 101 for September. Here's the breakdown of overall activity.
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TOTAL HOMES
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Detached
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Attached
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Number
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100
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72
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28
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Days on Market
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60
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60
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61
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Average $/SF
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$292/SF
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$298/SF
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$278/SF
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Average Sales Price
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$634,640 (down 4%)
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$745,362 (down 9%)
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$393,871 (down 8%)
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Median Sales Price
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$625,000 (down 2%)
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$728,272 (up 5%)
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$332,000 (down 12%)
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Average Sale$ / List$
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96%
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96%
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96%
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The number of sales was essentially the same as for September (as well as for August). However the average price of detached homes dropped 9%, and also dropped 7% for attached homes.
At the end of October 2008 there were 646 Carlsbad homes for sale (434 detached and 212 attached homes), a drop in inventory from September by 2%. This represents an inventory of 5.6 months for attached homes (a minor increase over September at 5.4 months) and 5.7 months for detached at the current rate of sales over the last 6 months (a drop from 5.9 months as of September). YTD the average sold price of a detached home is $789,802 (DOM = 68 days); attached is $431,581 (DOM = 73 days).
The market data for the 4 different Carlsbad zip codes vary considerably; for October, the average sales prices for detached homes were $565,741 for 92008, $774,475 for 92009 (La Costa area), $511,666 for 92010, and $810,428 for 92011 (Aviara area).
Please remember this is an overview for Carlsbad, and based on information provided by the MLS for homes that went under contract in the last couple of months and closed in October. More details can be provided if needed with regard to current activity as well as within the specific zip codes of Carlsbad.
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If I can provide more information about La Jolla 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.
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All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Jeff excellent work putting together your Carlsbad market report. I bet consumers love the wealth of information.