Q2 2017 Market Report for the 92008 Area of Carlsbad
Detached Single Family Homes
The first 6 months 2017 in the 92008 area of Carlsbad has been a busy housing market, with some shifts from the time frame in 2016 (here's a link to the Q2 market report for 92010). For purposes of this market report we will look at the activity for single family detached homes during the 2nd quarter, April through June.
The Terramar Area of Carlsbad
The Carlsbad 92008 area includes Carlsbad Village, Telescope Point, Olde Carlsbad and The Barrio (Carlsbad’s first neighborhoods), beach-front areas south along Carlsbad Boulevard to the oceanfront neighborhood of Terramar, the lagoon-front neighborhood of Bay Cove, several condo communities and residential neighborhoods close to the Agua Hedionda Lagoon, and more, with a mix of attached (condos, town homes, twin homes) and detached single family homes.
SINGLE FAMILY DETACHED HOME SALES
66 single family detached homes sold, 35% more than the same period in 2016
The average sales price was $1,254,443, up 25% from 2016
Prices ranged from $610,000 to $5,180,333
Marketing time averaged 39 days, compared to 36 in 2016
Homes sold for 96% of asking price on average, but with 36% of the properties selling at list price or above. 1 out of 5 home sales was a cash transaction.
CURRENT LISTINGS AND PENDINGS (as of July 21)
There are 44 single family detached homes for sale, ranging in price from $649,000 (for a 1027 SF home on the market since 11/22/16) to $10,000,000 for an 4897 SF oceanfront home in Terramar
Average list price is $1,710,356 (with 5 homes listed at over $3M and fewer than 50% priced under $1M)
Active listings have been on the market an average of 65 days.
26 homes are pending, priced from $599,000 to $1,850,000
Average marketing time was 23 days for the pendings
At the current rate of sales, there is only 2 months of available inventory, which represents a strong seller’s market in the 92008 area of Carlsbad.
If you would like more detailed information about the local real estate market conditions in the 92008 area or particular neighborhoods, or are interested in exploring the housing options in your budget, please contact me at (760) 840-1360 for a personal consultation.
And if you are considering selling your home, let’s sit down and discuss the market conditions, the current market value of your home, and create a plan for getting your home sold for top dollar.