Carlsbad Real Estate Market Report for July 2010
The Carlsbad real estate market continues to shift, and the statistics for July show a number of changes from the prior month. 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.
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Media reports speak in general terms, 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 so you can make informed purchase and sale decisions.
In July 2010 there were 127 Carlsbad homes sold (4 zipcodes), only 4 fewer than in June. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
127 (down 2%) |
88 (down 3%) |
39 (no change) |
|
Days on Market
|
63 |
50 |
92 |
|
Average Sales Price
|
$620,655 (up 3%) |
$729,208 (up 4%) |
$375,715 (up 2%) |
|
Average Sale$ / List$
|
97% |
97% |
98% |
The total number of sales changed only slightly from the previous month. Average prices rose modestly across the board.
There were 104 properties (13% of the total) in Carlsbad at the end of July with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), 2 more than last month.
The overall inventory in the Carlsbad real estate market for the end of July (775 homes) rose again, up 4%, following an increase of 6% in June (the 4th month if increased inventory). This represents an inventory of 5.8 months for attached homes (down from 6.3 months last month) and 5.8 months for detached (compared to 6.3 months in June) based on the current rate of sales over the last 6 months.
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In July the number of new homes coming on the market was about 7% higher than in June; good news for buyers is that 241 new homes hit the market. At the same time 24% fewer homes went pending (106) than last month.
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 of Carlsbad.
READ MORE:
Carlsbad Homes for Sale - Carlsbad Real Estate Market Report for June 2010
Carlsbad Real Estate - Carlsbad Real Estate Market Report for May 2010
Carlsbad Real Estate - Carlsbad Real Estate Market Report for April 2010
Carlsbad Real Estate - Carlsbad Real Estate Market Report for March 2010
Carlsbad Real Estate - Carlsbad Real Estate Market Report for February 2010
Carlsbad Real Estate - Carlsbad Real Estate Market Report for January 2010
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