What’s My Carlsbad Home Worth? Carlsbad Home Sales for November 2016

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of My Carlsbad Home?

 

Carlsbad home searchThe Carlsbad real estate market continues to change, and the statistics for November 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

 

READ MORE ABOUT CARLSBAD: 

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Carlsbad California and Historic Route 101 - The Coast Highway (a VIDEO)

 

In November 2016 there were 101 Carlsbad homes sold (92008, 92009, 92010 and 92011), a big drop by 35% from October sales.  Here’s what happened:

 

TOTAL HOMES SOLD

101 (down 34%), 36 DOM; Ave. Sale price $785,419 (up 3%), 97% of asking price

 

Detached Homes Sold

62 (down 33%); 36 DOM; Ave. Sale price $909,675 (up 3%), 97% of asking price

 

Attached Homes Sold

39 (down 36%); 36 DOM, Ave. Sale price $587,444 (up 3%), 97% of asking price

 

Carlsbad home

 

The overall number of Carlsbad home sales in November decreased significantly from October levels. Compared to the same period in 2015 detached home sales were about the same (up by 1 sale), while attached sales dropped by 26%. Average prices rose by 4% for detached homes and by 6% for attached homes from November 2015.

 

22% of the transactions were cash buyers (compared to 16% last month)

 

Average time on market (DOM) increased by a few days for both detached and attached homes.

 

Average sales prices increased modestly for both detached and attached homes from October levels.

 

 

Buyers, on average, are getting their homes for 3% off the asking price; 27 homes (27%) sold at and above the list price

 

The median sales price for detached homes was $839,000 (down 1% from last month), and $510,000 for attached (no change)

 

There were 15 properties (5% of the total) in Carlsbad at the end of November with the CONTINGENT status, up from 10 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 295 Carlsbad homes for sale at the end of November, a decline by 7%, the 4th consecutive decrease – we saw the same pattern in November 2015 but current inventory is higher than it was in November 2015. This represents an inventory of 1.7 months for attached homes (up from 1.6 months last month) and 2.1 months for detached (the same as 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 November 144 new listings came on the market (15% fewer than in October). The number of homes going pending in November (excluding those homes that closed), 209, increased by 77%, 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 October 2016

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Rainmaker
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Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Jeff, many make the mistake of listening to media when it comes to home values but as you said, real estate is local. Very detailed information on Carlsbad real estate market and beautiful pictures as well.

Dec 06, 2016 10:36 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks Beth Atalay  I hear from a good number of buyers and sellers about what they see online and in the media and the information so often is not accurate or is out of date. And the local market is always shifting some.

Thanks for the compliment.

Jeff

Dec 06, 2016 01:44 PM #2
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

When I think of Carlsbad California Jeff Dowler always comes to mind. Great reporting.

Dec 06, 2016 02:58 PM #3
Rainmaker
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Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Very NICE Jeff Dowler  ....You are the go to agent in your area!

Have a great night!

Dec 06, 2016 06:06 PM #4
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I always enjoy reading your market reports about Carlsbad California. They are so well done that anyone would appreciate a broker with your knowledge when buying or selling their home Jeff Dowler 

Dec 06, 2016 06:12 PM #5
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Carlsbad home sellers will be in very good hands when they select you as their listing agent.

Dec 06, 2016 06:29 PM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Noah Seidenberg  Thank you my friend. What a nice compliment!

Thanks for such kind words Rob Thomas . Glad to see you back, writing and commenting!!

Jeff

Dec 06, 2016 07:16 PM #7
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you kindly Paul S. Henderson, REALTOR®, Broker, Tacoma Washington  Glad you enjoy them!

Hi Roy Kelley  what a nice thing to say. Thank you for stopping by to read and comment.

Jeff

Dec 06, 2016 07:18 PM #8
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Excellent, detalied, LOCAL report, Jeff Dowler!  Despite sales being down in November, your market absorption trend remains a strong sellers market - is this due to lack of inventory or is there another phenomenon going on?  

We're experiencing the same thing here and I realize this season is a bit slower as sellers just don't want to list during the holidays.  However, it seems different this year - perhaps the election caused a little pull-back and January will be 'back to normal' for us?

Dec 06, 2016 08:12 PM #9
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Jeff.  Thanks for keeping us in the loop with the Carlsbad real estate market report.

Dec 07, 2016 04:26 AM #10
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Always interesting to see how the "other half" lives. In my home market of Edmond we set highs for the state with a $286,000 median price sale of a home and if we did the SF difference that would also be a contrast between our two states.

Dec 07, 2016 05:19 AM #11
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Debe Maxwell  - it's been a pretty strong seller's market for some time. Inventory is tighter not, but it seems quieter on the buyer side right now - probably the holiday impact.

Thanks for stopping by Gabe Sanders 

Jeff

Dec 08, 2016 08:28 PM #12
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Joe Pryor 

It's always interesting to see what's happening in other markets, nearby and around the country. We definite;y remain on the list of expensive places to buy a home! And some nearby communities are well above Carlsbad! And it's nothing compared to San Francisco, as you probably know.

Jeff

Dec 08, 2016 08:31 PM #13
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What's my Carlsbad CA Area Home Worth??
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