What’s My Carlsbad Home Worth? Carlsbad Home Sales for November 2022

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What’s the Value of My Carlsbad Home?

Carlsbad Market Report for November 2022

 

The Carlsbad real estate market continues to evolve, with changes from October and 1 year ago. These statistics do not include private sales, mobile homes or multi-family housing (the numbers are taken from the MLS and believed to be accurate when reported but are not guaranteed).

 

Media reports speak in general terms, thus they do not reflect local Carlsbad housing market conditions (Learn more - How Local IS Local?). Current information, and analysis, about local market conditions benefits you when making buying and/or selling decisions about Carlsbad homes for sale.

 

READ MORE ABOUT CARLSBAD

Carlsbad Village by the Sea

 

73 homes sold in Carlsbad in November (92008, 92009, 92010 and 92011), up 12% from October. Here are the specifics:

 

Single Family Homes Sold
49 (up by 5); 23 Average Days on Market; Average Sales Price was $1,570,657 (down 14%); Average Sales Price was 94% of original asking price. 

Condos, Townhomes & Duplexes Sold
24 (up by 3); 21 Average Days on Market; Average Sales Price was $867,145 (down 6%); Average Sales Price was 96% of original asking price.

 

Overall Carlsbad home sales in November rose from October following last month’s decline. There were more single family home sales, and more condo, townhome and duplex sales. The average sales price decreased for single family homes, and also decreased for condos, townhomes and duplexes. Sales prices in November ranged from $510,000 to $2,825,000.

 

The average marketing time (days on market or DOM) was shorter for single family homes (about 3 weeks), but slightly longer for condos, townhomes, and duplexes (3 weeks).

 

Compared to November 2021, there were 41% fewer sales of single family homes. And 53% fewer condos, townhomes and duplexes sold in November 2022. The average sales price year over year was 8% lower for single family homes (median price was 2% lower), and 5% higher for condos, townhomes and duplexes (median price was 2% lower) in November 2022.

 

Some buyers made fairly quick decisions to tour homes and submit successful offers. 30% of the homes were pending in 7 days or less, slightly less than in October. Buyers should still consider making quick decisions in Carlsbad’s housing market to not miss an opportunity!

 

Caarlsbad condos at The Sanctuary

 

The majority of Carlsbad buyers negotiated their home prices down. At the same time 16% paid asking price or higher for their homes. This suggests some continued competition, and is important to remember when planning an offer!

 

The median sales price for single family detached homes was $1,535,000, 16% lower than in October, and was $760,000 for condos, townhomes and duplexes, 19% lower than last month.

 

There were 4 homes in Carlsbad at the end of November with an Active Under Contract status, compared to 7 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 end of November (137) was 7% lower than last month (148). List prices range from $345,000 to $13,500,000. The Carlsbad inventory remains limited.

 

There is a 1.5 month supply of condos, townhomes and duplexes (up from 1.4 months last month), and 1.8 months for single family homes (up from 1.7 months last month), based on the rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ housing market.

 

76 new listings came on the market in November, compared to 74 last month, which is good news for buyers. In contrast, 36 homes went pending (excluding homes that closed in November), versus 52 last month.

 

This overview of the Carlsbad housing market is based on data in the MLS. I can share more details with regard to current activity, as well as for neighborhoods of Carlsbad that are of interest, such as La Costa, Aviara, Bressi Ranch or Calavera Hills.

 

Please reach out to me directly or via text at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and your questions. Together we can plan an effective strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.

 

SEARCH FOR CARLSBAD HOMES FOR SALE

 

Read More:

What’s My Carlsbad Home Worth? Carlsbad Home Sales for October 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (3)

Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I tried to refer someone to you the other day, not sure if she called you or not.  An agent in our Realtor forum was asking for a good Carlsbad agent so of course, I had to chime in.  She already had quite a few referrals from other agents so I don't know how many of those other referrals she chose to reach out to. 

Dec 07, 2022 05:00 AM
Jeff Dowler, CRS

I appreciate the thought Brian England  but did not hear anything. If I do I will be sure to let you know.

Thank you for thinking of me!

Jeff

Dec 07, 2022 09:19 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff - It looks like a healthy market in Carlsbad.  Sales prices declined slightly but the sales are up.

Dec 07, 2022 08:51 AM
Jeff Dowler, CRS

The average  prices move around depending on the sales but the activity remains pretty strong. Thanks for stopping by and commenting Grant Schneider .

Jeff

Dec 07, 2022 09:22 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Carlsbad home buyers and sellers are sure to value your real estate market report, Jeff.

Dec 08, 2022 08:04 PM
Jeff Dowler, CRS

Thank you for stopping by and for the compliment Myrl Jeffcoat 

Jeff

Dec 09, 2022 01:13 PM