Q2 2017 Market Report for 92008 Carlsbad – Condos & Townhomes

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

Q2 2017 Market Report for the 92008 Area of Carlsbad:

Condos, Townhomes and Twin Homes

 

The first 6 months of 2017 in the 92008 area of Carlsbad has been a busy housing market, with some shifts from the same time period in 2016 (here's a  link to the Q2 market report for 92008 for single family homes).  For purposes of this market report we will look at the activity for condos, townhomes and twin homes during the 2nd quarter, April through June.

 

Summerhouse condos in Carlsbad

 

The Carlsbad 92008 area includes Carlsbad Village, Telescope Point, Olde Carlsbad and The Barrio, beach-front areas south along Carlsbad Boulevard to the oceanfront neighborhood of Terramar, the lagoon-front neighborhood of Bay Cove (condos and single family homes), 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.

 

 

CONDOS, TOWNHOMES AND TWIN HOME SALES

 

42 condos, townhomes, and twin homes sold, 11% fewer than the same period in 2016

 

The average sales price was $741,254, up 11% from 2016

 

Sales prices ranged from $239,000 to $2,000,000

 

Marketing time averaged 29 days, compared to 38 days in 2016

 

Homes sold for 98% of asking price on average, but with 43% of the properties selling at list price or above. 1 out of 4 home sales (26%) was a cash transaction.

 

Condos at the Sanctuary in Carlsbad VIllage

 

CURRENT LISTINGS AND PENDINGS (as of July 23)

 

36 condos, townhomes and twin homes for sale, ranging in price from $329,000 (for a 944 SF 2-bedroom 2-bath condo) to $2,999,000 for a new custom built 2630 SF ocean-view condo in Carlsbad Village.

 

Average list price is $1,192,777 (with 13 homes listed at over $1M )

 

Homes have been on the market an average of 43 days.

 

21 condos, townhomes and twin homes are pending, priced from $249,000 to $1,915,000

 

Average marketing time was 23 days for the pending homes

 

Inventory in the Carlsbad 92008 area remains limited. At the current rate of sales, there is only 2.6 months of available inventory, a market that strongly favors sellers (there is less than 2 months of inventory for homes under $1M).

 

 

Carlsbad home searchIf you would like more detailed information about the local real estate market conditions in the 92008 area, 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 customized plan for getting your home sold for top dollar in today's competitive market.

 

Search for Carlsbad Homes for Sale in 92008

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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

This is a great look at the Carlsbad real estate market for attached homes.

Jul 23, 2017 01:31 PM #1
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Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jeff, I haven't heard the term "twin homes". Is this two alike  attached homes?

Jul 23, 2017 04:57 PM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks Belinda Spillman  I enjoy watching the stats each month and find it helpful!

Hi Rebecca Gaujot  - well it was new to me, too, when I moved out here. A twin is similar to a side by side duplex, but the main difference, other than residents having legal ownership for their respective sides, is that the yard is not shared. Each owner is responsible for their property that is legally theirs.

Jeff

Jul 23, 2017 05:21 PM #3
Rainmaker
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Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jeff, that sounds a little risky, especially if you don't like your neighbor :)

This is something my two younger sisters would like to have. 

Jul 23, 2017 05:30 PM #4
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Jeff Dowler, CRS

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