Carlsbad Real Estate Market Report for October 2010
The Carlsbad real estate market continues to shift, and the statistics for October 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 October 2010 there were 116 Carlsbad homes sold (4 zipcodes), 16% more than in September. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
116 (up 16%) |
74 (up 1%) |
42 (up 56%) |
|
Days on Market
|
68 |
60 |
82 |
|
Average Sales Price
|
$605,894 (down 7%) |
$758,728 (no change) |
$336,614 (down 9%) |
|
Average Sale$ / List$
|
96% |
97% |
96% |
The number of sales rose across the board, with average prices remaining the same for detached but showing a decline for attached in contrast to the significant increased sale volume.
There were 85 properties (11% of the total) in Carlsbad at the end of October with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), 9% less than last month.
The overall inventory in the Carlsbad real estate market for the end of October (755 homes) declined again, by 7%, the second month in a row. This represents an inventory of 6.1 months for attached homes (down from 7.8 months last month) and 5.5 months for detached (down from 7.8 months last month) based on the current rate of sales over the last 6 months.
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In October the number of new homes coming on the market was down 38% fromSeptember; buyers saw 142 new homes hit the market. At the same time 5%more homes went pending (111) 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:
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