Extremes in the Carlsbad and San Diego Real Estate Markets for 2016

By
Real Estate Agent with Solutions Real Estate CalBRE License #01490977

Extremes in the Carlsbad Estate Market for 2016 and

A look At San Diego County

 

There are some interesting extremes in the Carlsbad CA housing market, as well as for the San Diego County area in general, for 2016 and for current listings.  I was inspired to look at these extremes, as I have done in the past, by a post by Dick Greenberg.

 

Sometimes you can’t help but wonder about these things.

 

The range of pricing, especially on the beach?

Why does someone have a home that large, or that small?

Why is a home not selling and sitting on the market for so long…years, in fact?

 

I took a look at some of the extremes for detached single family homes listed for sale and those that sold 2016 and pass them along here just for fun. First the extremes in Carlsbad:

 

Most Expensive Sale in 2016 - $3,400,000 for a 9,728 SF home in the Aviara area – this was also the largest home sold in 2016. Roughly 1/3 of the Carlsbad home salesin 2016 were over $1 million in 2016

 

Most Expensive Listing on the Market - $15,950,000 for an oceanfront beauty

 

Largest Home on the Market – 9,358 SF priced from $3,999,000 - $4,499,000

 

Least Expensive Sale in 2016 - $406,000 for a 1,165 SF 1/1 home

 

moneyLeast Expensive Listing on the Market - $585,000 for a 1,764 SF 3/3 home, not a short sale

 

Smallest Home Sold in 2016 was a 650 SF 1/1 home close to the beach for $1,200,000 ($1846/SF)

 

Smallest Home on the Market – 876 SF 3/2 listed for $649,000 to $699,000

 

Longest Time on Market – 622 days for a home that was sold in 2016 but 302 days for active listings

 

Oldest Home sold was built in 1922 – a Village Colonial selling for $1,385,000.

 

Oldest Home on the Market – 1946, also the least expensive

 

 

And here are some extremes for San Diego County for

homes sold in 2016 and current listings

 

Longest DOM (Days on Market) – One home has been on the market since August of 2007. That’s over 9 years – it was pending for a short time but it’s still waiting for a buyer. That is someone interested in the sales price of $49,000,000 for an ocean front property  – let’s make an offer! Another listing shows 4484 days on the MLS, a 1/1 beach cottage plus vacant lot for $1.4M

 

Smallest Home Sold in 2016 – 360 SF, sold for $510,000!

 

Smallest Home on the Market – a 364 SF fixer in Borrego Springs for $65,000; this is also the least expensive listing

 

Largest Home Sold in 2016 – 18,500 SF although this includes additional guest/staff space. Main house appears to be around 15,000 SF

 

Largest Home on the Market – 23,787 SF for an extraordinary mountain-top estate, for $23,500,000

 

Most Expensive Home Sold in 2016 – $18,000,000, an oceanfront 3500 SF home in Del Mar – that’s $5,142/SF!

 

Most Expensive Listing – the most expensive home is in Rancho Santa Fe, priced at $85,000,000 (it started at $92,000,000). There’s another home not listed in the MLS at $45,000,000, also in Rancho Santa Fe. And one in Del Mar for $49,000,000 that started out at $76,000,000, and it’s been on the market for over 9 years! Price-wise, these are nothing compared to a few other homes on the market in the US over $100M.

 

Least Expensive Home Sold in 2016 – $12,000

 

Least Expensive Listing - $65K (but you can get a mobile home or cabin for less)

 

Oldest Home on the Market – this is tough because sometimes the public record and the listings differ. But it appears that there are several homes that have been for sale that were built in the last 1880s and 1890s. That’s nothing, when I recall being in Boston, but for Southern California this is OLD.

 

Are there extremes in YOUR marketplace?

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Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Jeff

There is a lot of diversity in the pricing of the listing  and homes sold in in Carlsbad in San Diego County California.

Good luck and success.

Lou Ludwig

Jan 09, 2017 06:24 PM #1
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff - thanks for the statistics.  One thing is for sure the lowest sale is still high by national standards.

Jan 09, 2017 07:17 PM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

It's true Lou Ludwig . Sometimes I am surprised at how much diversity in housing prices, etc. there actually is. Something for most people.

Jeff

Jan 09, 2017 07:41 PM #3
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

It really is fun looking at the extremes and I appreciate you taking the time to research this Jeff Dowler 

Jan 09, 2017 09:19 PM #4
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

That's true Grant Schneider  - interesting how diverse real estate is around the country! I've gotten used to our prices here!

Jeff

Jan 09, 2017 10:13 PM #5
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Jeff - That's an interesting look at your market, fun to compare it with ours, and some of those numbers are really extreme, like $1846/sq.ft.

Jan 10, 2017 02:39 PM #6
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Jeff Dowler, CRS

The Southern California Relocation Dude - Carlsbad
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