What’s My Carlsbad Home Worth? Carlsbad Home Sales for October 2015

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Real Estate Agent with Solutions Real Estate CA DRE #01490977
https://activerain.com/droplet/4KQw

What’s My Carlsbad Home Worth?

Carlsbad Home Sales for October 2015

 

Carlsbad homes and condos for sale, and Luxury Properties for sale in Carlsbad, CAThe 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

 

New Condos for Sale in Carlsbad, CA, and Carlsbad Oceanview homes and condos for sale

 

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.

 

READ MORE:

How Important is Inventory when Buying or Selling? Very!!

 

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.

 

Search for Carlsbad Homes for Sale

 

READ MORE:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for September 2015

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1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Sales here decreased in October from September also.  Great information for anyone wanting to buy or sell in Carlsbad. 

Nov 04, 2015 07:43 AM #1
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

While the number of homes sold may be down, the percentage of difference with asking and sold price is reasonable,  Nice report

Nov 04, 2015 10:29 AM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Judi K Barrett 

Thanks for stopping by. I suspect these trends are happening elsewhere at this time of year. I appreciate the compliment!

Jeff

Nov 04, 2015 01:21 PM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Ed Silva 

Thanks for stopping by and for the compliment. I agree

Jeff

Nov 04, 2015 10:44 PM #4
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Beautiful market update Jeff.

It is very easy to read and you have all necessary information for any property in Carlsbad CA. 

Nov 05, 2015 04:23 PM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you, Inna Ivchenko 

What a nice compliment.

Data like this are essential for us to help clients understand the local market conditions.

Have a terrific weekend

Jeff

Nov 06, 2015 10:33 AM #6
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