Carlsbad Real Estate - Carlsbad Market Report for June 2009

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

Carlsbad Real Estate Market Report

The Carlsbad real estate market continues to show some positive trends, and the statistics for June show a number of changes as compared to May 2009. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed. 

Media reports speak in general terms, rather than local, so their information may not represent the reality of our local Carlsbad real estate market. Having data, and knowledge, about the local market conditions benefits you as the buyer or seller. 

In June 2009 there were 103 homes sold in Carlsbad's 4 zipcodes, as compared to 114 for May (a decline, for the first time in several months, of 10%). Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

103 (down 10%)

67

36

Days on Market

52

51

53

Average Sales Price

  $562,886 (up 4%) 

  $662,124 (up 4%) 

  $365,166 (up 7%) 

Average Sale$ / List$

96%

96%

97%

The number of sales was down from May, following the trend we have seen in some other communities during the same period, however the average sales prices increased over May 2009 prices. We also saw a decline in the Days on Market from an average of 61 to 52 days. 

Looking out over the Batiquitos Lagoon to the ocean at sunset in South CarlsbadThere were 106 properties in Carlsbad at the end of June with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), an increase of 33% over May. 60% were detached and 40% attached (these are included in the total inventory below since they are considered to be ACTIVE properties until offer acceptance). This could be due to the fact that the status was new in May and was not being used by agents when it should have been. It may also be that there are simply more short sale and REO homes getting offers.

At the end of June 2009 there were 578 Carlsbad homes for sale (390 detached, and 188 attached homes), almost the same number as in May. This represents an inventory of 6.8 months for attached homes (just a slight increase from May) and 6.8 months for detached homes (up from 5.7 months in May) based on the current rate of sales over the last 6 months. These absorption rates continue to be encouraging when compared to many other parts of the country, some of which have over 2 years of inventory. 

In June 155 homes came on the market (an increase of 15% over May 2009). And  during the same time 139 homes went pending, a decrease of 5% from May

Thus Carlsbad's inventory has not changed in the last two months, but with more homes coming on the market in June and fewer pendings, you can expect the absorption rate to increase next month. 

This overview of the Carlsbad real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in June. More details can be provided if needed with regard to current activity as well as within the specific zip codes of Carlsbad.

READ MORE:

Carlsbad Real Estate - Carlsbad Market Report for May 2009

Carlsbad Real Estate - Carlsbad Market Report for April 2009

Carlsbad Real Estate - Carlsbad Market Report for March 2009

Carlsbad Real Estate - Carlsbad Market Report for February 2009

Carlsbad Real Estate - Carlsbad Market Report for January 2009

Carlsbad Real Estate - Carlsbad Market Report for December 2008

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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.

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All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Good Morning Jeff, Prices Up and Sales are down a bit. Actually what is reported by the UT for overall San Diego is just the opposite. I think the Carlsbad market along with Solona Beach and the Coastal areas are all reflecting what you are  reporting. The area hardest hit ( due mostly to some of the horrific appraisals coming in ) seems to condos and the inland areas. The summer market looks to heating up and now we don't have the inventory. Maybe by Fall ? Then again, Spring is just around the corner.

Jul 03, 2009 02:18 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

William - well it really does vary by community. It will be interesting to see what the other communities I track show in terms of sales and prices. THings bounce around each month and I am not convinced of an enduring trend at this point. And now that summer is here...

Jeff

Jul 03, 2009 02:55 AM #2
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jeff, 103 may be a decline from the 114 units sold that you guys had in May, but 103 units sold is still a very good amount of activity the way I look at it.

Jul 03, 2009 12:31 PM #3
Rainmaker
575,553
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

I just made another comment on our local TV station talking about the increased activity in our area. Nice to have good local housing news.

Jul 03, 2009 03:26 PM #4
Rainmaker
595,381
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

I haven't looked at each individual month. I've been doing my reports by the quarter, and year-to-date. Using this method, so far, each city I've researched has shown improvement over last year.  I hope your one-month drop is just a fluke, and the market starts improving again ASAP.

Jul 03, 2009 05:03 PM #5
Rainer
292,552
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate

First of all, I come for a visit on AR and my favorite surfer dude is not on the featured page...what's up with that?:)  Intersting numbers.  We look to be peaking in June and I think we will slip back down through the rest of the year.  Your numbers truly look very strrong, especially your months of supply. Have a wonderful 4th of July.  I hope you go to the beach!

Jul 04, 2009 02:35 AM #6
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