Carlsbad Homes for Sale
What Happened in the Carlsbad Real Estate Market in September 2014?
The Carlsbad real estate market continues to change, and the statistics for September show several shifts from last month. These data do not include private sales or manufactured/mobile/multi-family housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
Media reports speak in general terms, and not about the local Carlsbad housing market, especially one that is shifting as ours is. Current data, and knowledge, about the local market conditions benefits you as a buyer or seller so you can make informed purchase and sale decisions about Carlsbad homes for sale.
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In September 2014 there were 130 Carlsbad homes sold (92008, 92009, 92010 and 92011), down 10% from August sales, another decrease. Here’s what happened:
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number |
130 (down 10%) |
85 (down 4%) |
45 (down 18%) |
|
Days on Market |
36 |
37 |
33 |
|
Average Sales Price |
$730,019 (no change) |
$872,000 (down 4%) |
$461,832 (up 4%) |
|
Average Sales$/List$ |
95% |
96% |
96% |
· The overall number of Carlsbad home sales in September declined from August levels, the 3rd decrease following 5 consecutive monthly increases –
· 18% of the transactions were cash buyers (vs. 20% last month)
· Average sales prices rose for attached homes, but decreased modestly for detached homes
· Buyers, on average, are getting their homes for 4 - 5% off the asking price but with some homes selling at and over list price
· Days on Market remained about the same, around 1 month
There were 24 properties (5% of the total) in Carlsbad at the end of September with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders). These homes are technically still available but some listings may not allow more showings or be accepting more offers.
There were 408 Carlsbad Homes for sale at the end of September (down by 7%), the 2nd consecutive decline after 6 months of inventory increases. This represents an inventory of 2.5 months for attached homes (down from 2.9 months last month) and 2.7 months for detached (down from 2.8 months last month) based on the current rate of sales over the last 6 months. The real estate market in Carlsbad continues to be very competitive for buyers, and remains a strong sellers’ market, getting even tighter as of the end of September.
In September just slightly fewer new listings came on the market than in August (180, down 1%). In contrast the number of homes going pending in September also shifted downward, by 6%, to 131.
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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.
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