What’s My Carlsbad Home Worth? Carlsbad Home Sales for July 2019

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

What’s the Value of My Carlsbad Home?

Carlsbad Market Report for July 2019

 

Carlsbad home searchThe Carlsbad real estate market continues to change, with several shifts from last month and 1 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.

 

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Carlsbad Village by the Sea

 

156 homes sold in Carlsbad in July, a decrease by 5% from June.  Here’s what happened:

 

Detached Homes Sold

98 (down 12%); 24 Days on Market, Average Sale price was $1,056,037 (up 1%), Average sales price was 99% of original asking price

 

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

58 (up 7%); 36 DOM, Average Sales price was $597,630 (no change), Average sales price was 98% of original asking price

 

Carlsbad home sales in July dropped modestly overall from June, with a decline in single family detached home sales but with more sales of attached homes. The average sales price rose slightly for detached homes but did not shift appreciably for attached homes.

 

Compared to July 2018, detached home sales were down by 5%, but were up 4% for attached home sales. Average prices year over year also shifted, and were down by 8% for detached homes, and by 10% for attached homes for the same period.

 

10% of the transactions were cash buyers, versus 16% last month.

 

Average time on market (DOM) declined for detached homes but was longer for attached homes (e.g., condos, town homes) than last month.

 

Carlsbad home

 

Carlsbad buyers, on average, were able to buy their homes for 1 - 2% off the original asking price; but at the same time 37% of the home buyers paid asking price or better for their homes, a good indication of competition in the Carlsbad housing market.

 

The median sales price for detached homes was $958,000 (down 6%) and $556,944 for attached (down 2% from June).

 

There were 10 homes in Carlsbad at the end of July with a CONTINGENT status, versus 8 last month (i.e., some of 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 accept back-up offers. All 10 appear to be in a “first right of refusal” stage.

 

There were 353 Carlsbad homes for sale at the end of July (ranging in price from $330,000 to $26,950,000), the same as last month.

 

Current inventory is about 2.5 months for attached homes (down from 2.7 months last month) and 2.1 months for detached (down from 2.2 months last month) based on the current rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ market based on current inventory and buyer demand.

 

In July 222 new listings came on the market, 13% more than last month. 128 homes went pending in July (excluding homes that closed), just 1 less than in June.

 

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 for specific neighborhoods of Carlsbad that interest you.

 

Please contact me at (760) 840-1360 so we can discuss your housing needs, lifestyle and budget, and any questions you have. Then we’ll create a strategy to get you into your new Carlsbad home in 2019.

 

SEARCH FOR CARLSBAD HOMES FOR SALE

 

Read More:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for May 2019

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Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jeff Dowler, CRS it seems that your marketplace of Carlsbad is gaining strength.... this is a fine time for homeowners to call you for a Free Market Analysis of their homes.... equity in sales has increased and they may be very surprised at how much equity is now in their homes....

Aug 08, 2019 03:52 AM #1
Rainmaker
1,273,296
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS,

There is only one REALTOR® to call when buying or selling real estate in Carlsbad CA and that is you!

Aug 08, 2019 06:12 AM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Barbara Todaro 

Yep, it's a pretty strong market although the uptick in prices has slowed. We still have some issues with the inventory but I would not be surprised to see it go up a bit more in September.

Jeff

Aug 09, 2019 04:28 PM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you kindly Sheri Sperry - MCNE® 

I love living here and it's easy for me to sell the lifestyle!!

Have a great weekend!

Jeff

Aug 09, 2019 04:35 PM #4
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