What’s the Value of My Carlsbad Home?
Carlsbad Market Report for November 2021
The Carlsbad real estate market continues to shift, with some changes from last month and 1 year ago. These data do not include private sales, mobile homes or 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 typically speak in general terms, and therefore do not reflect the local Carlsbad housing market conditions. Current data, and analysis, about the local market conditions benefit you so you can make well-informed purchase and/or sale decisions about Carlsbad homes for sale.
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132 homes sold in Carlsbad in November (92008, 92009, 92010 and 92011), 10% fewer than in October! Here are the details:
Single Family Homes Sold
82 (down 15%); Average Days on Market was 13; Average Sales Price was $1,706,837 (up 6%); Average Sales Price was 103% of original asking price
Condos, Townhomes & Duplexes Sold
50 (no change); Average Days on Market was 12; Average Sales Price was $829,032 (down 6%); Average Sales Price was 101% of original asking price.
Overall Carlsbad home sales in November decreased from October, due to the drop in single family home sales; the number of condo, townhome and duplex sales was the same. The average sales price was higher for single family homes, but modestly lower for condos, townhomes and duplexes. Sales prices in November ranged from $310,000 to $4,512,000.
Marketing time was about the same as last month for single family homes, but dropped to less than 2 weeks for condos, townhomes, and duplexes.
Compared November 2020, there were 31% fewer sales of single family homes and 15% fewer condos, townhomes and duplexes sold in November 2021. The average sales price year over year was 38% higher for single family homes (the median price was 35% higher), and 24% higher for condos, townhomes and duplexes (median was 30% higher) in November 2021.
Many buyers made quick decisions to tour homes and submit successful offers – more than half of the homes (61%) went pending in 7 days or less! Making decisions quickly is critical if you wish to compete successfully in the Carlsbad housing market!
Some Carlsbad buyers successfully negotiated money off the original list price, however 74% of them paid full price or higher! This is a good indicator of buyer competition, and important to keep in mind if you plan to buy a home. A low offer will likely not be successful except in rare circumstances!
The median sales price for single family detached homes was $1,399,950, up 13% from October, and was $764,500 for condos, townhomes and duplexes, which was down 5% from last month.
There were 7 homes in Carlsbad at the end of November with an Active Under Contract status, versus 10 last month. These homes are technically still available but may not allow further showings or accept more back-up offers.
There was a 26% decrease in the inventory, from 97 at the end of October to 72 in November, a not a surprise for the time of year. List prices range from $415,000 to $6,298,000. The Carlsbad inventory remains limited compared to buyer demand and inventory became even tighter in November!
There is a 19-day supply of condos, townhomes and duplexes (up from 16 days last month), and only 12 days for single family homes (down from 22 days last month), based on the rate of sales over the last 3 months. Carlsbad has a very strong sellers’ market based on supply and demand.
In November 90 new listings entered the market, versus 120 last month, an average of 3 per day. 90 homes went pending (excluding homes that closed), a 14% decline from October…but it was still an active month for sellers and buyers.
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, such as La Costa, Aviara, Bressi Ranch or Calavera Hills.
Please reach out to me at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions. Then we can plan a strategy to help buy your new Carlsbad home, and/or sell your current Carlsbad home.