What’s My Carlsbad Home Worth? Carlsbad Home Sales for July 2018

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

What’s the Value of My Carlsbad Home?

Carlsbad Housing Market Report for July 2018

 

Carlsbad home searchThe Carlsbad real estate market continues to change, with several shifts from last month and 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 benefit you so you can make informed purchase and sale decisions about Carlsbad homes for sale.

 

READ MORE ABOUT CARLSBAD

Carlsbad Village by the Sea

 

In July 2018 there were 143 Carlsbad homes sold (92008, 92009, 92010 and 92011), down 18% from June!  Here’s what happened:

 

TOTAL HOMES SOLD

143 (down 18%), 28 DOM; Ave. Sale price $958,647 (down 1%), Ave. sale price 98% of asking price

 

Detached Homes Sold

90 (down 23%), 31 DOM; Ave. Sale price $1,138,006 (down 2%), Ave. sale, price 97% of asking price,

 

Attached Homes (condos, town homes, twin homes) Sold

53 (down 9%); 23 DOM, Ave. Sale price $654,075 (up 2%), Ave. sale price 98% of asking price

 

Carlsbad home sales in July decreased significantly from June, especially for detached homes. Average sales prices decreased slightly for detached homes but rose slightly for attached homes. Compared to July 2017, detached home sales were down by 3%, and were down 22% for attached homes. Average prices year over year rose by 7% for detached homes, and rose by 9% for attached homes compared to 1 year ago.

 

25% of the transactions were cash buyers (versus 28% last month)

 

Average time on market (DOM) increased modestly for detached homes and for attached properties (e.g., condos, town homes) but remains at about a month or less.

 

House in Carlsbad

 

Buyers, on average, purchased their homes for 2 - 3% off the asking price; however, 31% of the homes sold at or above the list price (some of these were new construction).

 

The median sales price for detached homes was $1,050,000 (no change from last month), and $575,000 for attached, up 5% from June.

 

There were 2 homes in Carlsbad at the end of July with a CONTINGENT status, compared to 3 last month (i.e., typically these are homes with offers being reviewed for approval by short sale and REO lenders). Contingent homes are technically still available but some listings may not allow more showings or accepting offers. These 2 homes are in a “first right of refusal” stage due to contingent offers, and are not short sales or REOs.

 

There were 370 Carlsbad homes for sale at the end of July, another significant increase, by 4% from last month, and some more good news for buyers; inventory was up 35% over 1 year ago.

 

This represents an inventory of 2.6 months for attached homes (up from 2.2 months last month) and 2.3 months for detached (up from 2.2 months last month) based on the current rate of sales over the last 3 months. The real estate market in Carlsbad remains a strong sellers’ market despite the increase in listings since demand remains high.

 

In July 251 new listings came on the market, 9% fewer than in June. The number of homes going pending in July (excluding those homes that closed), 139, also decreased, by 35%, from last month.

 

This overview of the Carlsbad real estate market is based on information provided by the MLS. I’m happy to provide more details with regard to current activity as well as within neighborhoods of Carlsbad that interest you. Please contact me at (760) 840-1360 so we can discuss your housing needs, and any questions you have so we can create a strategy to get you into a new Carlsbad home in 2018.

 

Search for Carlsbad Homes for Sale

 

Read More:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for June 2018

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Carlsbad
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
carlsbad homes for sale
homes for sale in carlsbad
carlsbad condos for sale
condos for sale in carlsbad
beach homes for sale in carlsbad

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
4,302,539
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Aug 05, 2018 04:45 PM #1
Rainmaker
4,617,921
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 the information and update about the Carlsbad real estate market.

Aug 09, 2018 06:32 AM #2
Ambassador
3,775,858
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks for stopping by, Gita!

Hi Gabe - good to see you. I appreciate the kind words.

Jeff

Aug 25, 2018 09:27 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,775,858

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information