What’s My Carlsbad Home Worth?
Carlsbad Home Sales for June 2017
The Carlsbad real estate market continues to change, and the statistics for June show several shifts from last month and from 1 year ago. 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 June 2017 there were 193 Carlsbad homes sold (92008, 92009, 92010 and 92011), a decrease by 4% from May sales. Here’s what happened:
TOTAL HOMES SOLD
193 (down 4%), 25 DOM; Ave. Sale price $905,916 (no change), 98% of asking price
Detached Homes Sold
129 (down 1%), 28 DOM; Ave. Sale price $1,074,653 (down 2%), 96% of asking price
Attached Homes Sold
64 (down 10%); 18 DOM, Ave. Sale price $565,805 (no change), 99% of asking price
The overall number of Carlsbad home sales in June decreased from May levels. Average sales prices decreased for detached homes but did not shift for attached compared to last month. Compared to June 2016, however, detached home sales were up by 45%, while attached sales were down by 12%. Average prices year over year rose, by 9% for detached homes and by 3% for attached homes from June 2016.
19% of the transactions were cash buyers (compared to 21% last month)
Average time on market (DOM) increased slightly for detached homes but declined for attached homes.
Buyers, on average, are getting their homes for 1 - 4% off the asking price; however, 78 homes (40%) sold at and above the list price
The median sales price for detached homes was $985,000 (about the same as last month), and $524,083 for attached (no change)
There were 9 properties (3% of the total) in Carlsbad at the end of June with the CONTINGENT status, compared to 10 last month (i.e., for the most part these are 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 299 Carlsbad homes for sale at the end of June, a significant increase by 12% from last month, but 15% less inventory than at the end of June 2016. This represents an inventory of 1.7 months for attached homes (up from 1.6 months last month) and 1.6 months for detached (down from 1.8 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 very strong sellers’ market despite the increased inventory.
In June 219 new listings came on the market, 15% fewer than in May. The number of homes going pending in June (excluding those homes that closed), 143, also decreased, by 33%, 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, and neighborhoods, of Carlsbad.