What’s the Value of My Carlsbad Home?
Carlsbad Market Report for June 2022
The Carlsbad real estate market continues to change, with some changes from last month and 1 year ago. These statistics do not include private sales, mobile homes or multi-family housing (the numbers are derived from the MLS and believed to be accurate when reported but are not guaranteed).
Media reports speak in general terms, and as a result do not reflect our local Carlsbad housing market conditions. Up-to-date information, and analysis, about local market conditions benefit you so you can make educated buying and/or selling decisions about Carlsbad homes for sale.
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127 homes sold in Carlsbad in June (92008, 92009, 92010 and 92011), 7% more than in May. Here are the specifics:
Single Family Homes Sold
80 (up by 18%); 12 Average Days on Market; Average Sales Price was $1,889,250 (up by 4%); Average Sales Price was 103% of original asking price.
Condos, Townhomes & Duplexes Sold
47 (down by 4); 11 Average Days on Market; Average Sales Price was $985,390 (down 5%); Average Sales Price was 103% of original asking price.
Overall Carlsbad home sales in June rose from May. There were significantly more single family home sales, but fewer condo, townhome and duplex sales. The average sales price rose for single family homes, but decreased for condos, townhomes and duplexes. Sales prices in June ranged from $450,000 to $3,400,000. Marketing time was longer for single family homes at 11 days, but was the same as last month for condos, townhomes, and duplexes at 11 days.
Compared to June 2021, there were 31% fewer sales of single family homes. And 15% fewer condos, townhomes and duplexes sold in June 2022. The average sales price year over year was 25% higher for single family homes (median price was 20% higher), and 29% higher for condos, townhomes and duplexes (median price was 22% higher) in June 2022.
Plenty of buyers decided quickly to tour homes and submit successful offers. However, almost half the homes (46%) were pending in 7 days or less! As a result it’s important to be ready and make quick decisions to compete successfully in today’s Carlsbad housing market!
Many Carlsbad buyers negotiated their home purchases, however 54% paid over asking price for their homes! This is a good indicator of competition, and important to remember for an offer strategy!
The median sales price for single family detached homes was $1,730,000, down 1% from May, and was $870,000 for condos, townhomes and duplexes, which was 1% below last month.
There were 11 homes in Carlsbad at the end of June with an Active Under Contract status, compared to 12 last month. These homes are technically still active but may not allow further showings or accept more back-up offers. They are included in the statistics below.
Inventory at the beginning of June (231) was 55% higher than that of May, and more good news for buyers. List prices range from $465,000 to $14,950,000. The Carlsbad inventory remains limited relative to demand, but the improvement in June was welcome.
There is a 1.6 month supply of condos, townhomes and duplexes (up from 1 month last month), and 2 months for single family homes (up from 1.4 month last month), based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ housing market.
In June 175 new listings came on the market, compared to 169 last month. In contrast 71 homes went pending (excluding homes that closed), down 44% from last month.
This overview of the Carlsbad housing market is based on data provided by the MLS. I can provide more details with regard to current activity, as well as for neighborhoods of Carlsbad that interest you, such as La Costa, Aviara, Bressi Ranch or Calavera Hills.
Please reach out directly or via text at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions. Together we can create an effective strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.
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Read More:
What’s My Carlsbad Home Worth? Carlsbad Home Sales for May 2022
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