2018 Year-End Housing Market Report for Carlsbad
Attached Homes (condos, town homes, twin homes)
2018 was another busy year in real estate for Carlsbad with some significant shifts as compared to 2017.
Carlsbad offers a wide variety of attached (condos, townhomes, twinhomes) and detached single family homes, in gated and ungated communities.
For this report we focus on market activity for attached homes.
If you are interested in what happened in the Carlsbad housing market in 2018 for detached single family homes, read Year End 2018 Market Report for Carlsbad Detached Single Family Homes.
READ MORE ABOUT CARLSBAD:
CARLSBAD ATTACHED HOME SALES (condos, townhomes, twin homes)
584 attached homes sold in Carlsbad in 2018, a decline from 2017 by 19%.
The average sales price increased by 5% over 2017 to $616,784 (ranging from $217,047 for a 1/1 condo to $2,800,000 for a newly built townhome just steps from the ocean in Carlsbad Village; the median price rose by 6% from 2017 to $555,000).
The average time on market was 29 days, up slightly from 26 days in 2017, so homes again sold fairly quickly as we saw with detached single family homes sales.
Attached homes sold for an average of 98% of the listing price, but 41% of the attached home buyers paid full price or better; 21 of the homes sold were new construction at The Preserve.
24% of the attached home sales were cash transactions.
CURRENT ACTIVITY FOR ATTACHED HOMES AS OF JANUARY 24, 2019
Inventory remains fairly low, with 113 attached homes for sale as of this writing, well more than the inventory at this time in January 2018.
Current listings range in price from $310,000 for a 1 bedroom 1 bath condo to $3,250,000; there are 4 brand-new townhomes less than a block to the ocean range priced from $2,850,000 to $3,250,000.
Homes have been on the market an average of 55 days (but with 20 of them on the market for over 100 days, including the new builds which pulls up the average).
There are 45 attached homes that are pending, priced from $310,000 to $2,300,000. These homes were on the market an average of 39 days before going under contract.
The current market strongly favors sellers of attached homes, with about 2.9 months of inventory based on the rate of sales in the last 3 months, and current buyer demand. The good news is that attached home inventory is up 10% since the beginning of the year!
You can search all homes in the Carlsbad housing market by clicking on the photo to the right >>>>>>>>>>>>>>>>>>>>>>>>
Or search for attached homes only using the link below.
If you would like more detailed information about the local real estate market conditions in Carlsbad, or are interested in exploring housing options that fit your needs, lifestyle and budget, please contact me at (760) 840-1360 for a personal consultation so I can answer all of your questions and we can create a strategy to get you into a new Carlsbad home in 2019.