What’s My Carlsbad Home Worth?
Carlsbad Home Sales for October 2015
The Carlsbad real estate market continues to change, and the statistics for October 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 at the time they are reported but are not guaranteed.
Media reports speak in general terms, and not about the local Carlsbad housing market. 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 October 2015 there were 140 Carlsbad homes sold (92008, 92009, 92010 and 92011), down 12% from September sales, another decrease. Here’s what happened:
TOTAL HOMES SOLD
140 (down 17%), 35 DOM; Ave. $773,932 (up 2%), 97% of asking price
Detached Homes Sold
86 (down 15%); 33 DOM; Ave. $931,273 (up 5%), 97% of asking price
Attached Homes Sold
54 (down 8%); 34 DOM, Ave. $523,352 (down 1%), 96% of asking price
The number of Carlsbad home sales in October decreased from September levels for both detached and attached homes
17% of the transactions were cash buyers (compared to 25% last month)
Average time on market (DOM) remained roughly the same for both detached and attached homes
Average sales prices rose for detached homes but declined modestly for attached homes
Buyers, on average, are getting their homes for 3 - 4% off the asking price with some homes selling at and over list price
The median sales price for detached homes was $877,500 (up 4%), and $471,500 for attached (down 3%)
There were 9 properties (3% of the total) in Carlsbad at the end of October with the CONTINGENT status, 2 more than last month (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 321 Carlsbad Homes for sale at the end of October, a decrease by 11%, the 3rd consecutive decrease. This represents an inventory of 1.7 months for attached homes (down from 1.9 months last month) and 1.8 months for detached (down from 2 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.
In October 172 new listings came on the market (22% fewer than in September). The number of homes going pending in October, 135, declined by 7% from 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.