2018 Year-End Housing Market Report for Carlsbad 92011
Single Family Detached Homes
2018 was a relatively busy housing market in the 92011 area of Carlsbad, and we saw a number of shifts compared to 2017. In this report we look at the market activity for single family detached homes for 2018.
The 92011 zip code covers the area south of Palomar Airport Road and west of El Camino Real to the ocean, including the residential communities of Aviara (with multiple gated and ungated neighborhoods), The Bay Collection, Waters End (gated and close to the beach), Mar Brisa, Spinnaker Hill, Vista Del Mar, Harbor Pointe, Shorepoint, Mariner’s Pointe, Seaside Estates, Cherry Tree Walk, and The Tides, to name a few of the neighborhoods. The 92011 area offers a mix of attached (condos, townhomes, twin homes) and detached single family homes in gated and ungated communities, some in close proximity to the beaches
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SINGLE FAMILY DETACHED HOME SALES
206 single family detached homes sold, which is 25% fewer than in 2017!
Average sales price was $1,106,878 which is about 7% higher than in 2017.
Sales prices ranged from $623,837 to $2,420,000.
The average time on the market was 30 days, versus 33 days in 2017.
Homes sold for 97% of asking price on average, with 30% of home buyers paying full price or better for their homes. 22% of the homes were cash transactions, the same as in 2017.
CURRENT CARLSBAD 92011 LISTINGS (as of January 17, 2019)
45 single family detached homes are for sale, more than double the number that were for sale at this time last year.
Prices range from $684,000 to $1,995,000 (average is $1,161,562, median price is $1,129,000).
Homes have been on the market an average of 72 days (6 have been listed for over 100 days, with 3 of these – 1 is a new build - for more than 300 days, thus raising the DOM average)
PENDING CARLSBAD 92011 HOMES
20 homes are pending, ranging in list price from $679,000 to $1,156,000 (average price is $1,108,031); these homes were on the market an average of 59 days before going pending.
The current housing market in the Carlsbad 92011 area favors sellers, as it has for some time, with an inventory of 3.1 months, based on the rate of sales over the last 3 months and current buyer demand.
Or narrow your search just for homes for sale in the 92011 using the link below.
If you would like more detailed information about the local real estate market conditions in the 92011 area, or in specific neighborhoods, and are interested in exploring the housing options that meet your particular needs and budget, please contact me at (760) 840-1360 for a personal consultation so we can formulate a plan to get you into a new Carlsbad home in 2019!
And if you are considering the sale of your Carlsbad home, please reach out to me at (760) 840-1360 so we can find a convenient time to meet and discuss your needs, talk about the market conditions and how they can impact your sale, and review how I can help you.