Carlsbad, CA Market Report (92009)
If you are new to reading my Market Report, I would like to take a moment to explain the data you are reading. The listing information comes directly from the MLS and reflects a 7 day history. It is important to watch the trend of new listing vs sold, this can often give indications if inventory is tight or in surplus. In turn that can help determine if it is a seller's or buyer's market. I also provide average listing prices, days on market and price per square foot. This is again for purposes of tracking the overall market for this one community. As always, each property is unique, and no matter if it is a seller's or a buyer's market, if you have found the right property, always use the comparative analysis your Real Estate agent can provide to determine the proper market value of the property, and then factor in your motivation the property.
My opinions stated below are from my own research each week from market trend data that I receive from various sources. If you have any questions or comments regarding my opinion, please contact me for further information or clarification.
The following is the weekly activity for Carlsbad:
- 10 new* listings were placed on the MLS
- 18 listings went into escrow and were listed as pending.
- 15 listings closed escrow and were sold.
- 20 listings cancelled, withdrew or expired
(*new listing refers a property that has not been on the market in the last 6 months)
This week's Market Action Index
The Carlsbad market continues to see a sharp trend of the Market Action Index into the seller's zone. This is good news for sellers, but buyers are still seeing some continued down trend in pricing. However as home sales have been exceeding new inventory for the past few weeks, the lightening of inventory will stabilize these prices and then expect to see prices trend upwards. If you are considering shopping for a home in this zip code, this is a great time to buy.
Real Time Market Profile
The average listing price dropped this week for Carlsbad, 92009. The days on market stayed the same, so I would venture to say that we are finally seeing a bottom trend in pricing. After several weeks of stable prices, we are seeing the Market Action Index showing that this could be the beginning of a rally for this zip code. If this trend continues, I would say that prices will begin to move upward again.