What’s My Carlsbad Home Worth? Carlsbad Home Sales for November 2023

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 2023

 

Carlsbad home search linkThe Carlsbad real estate market continues to shift, with changes from October and 1 year ago. Private sales, mobile homes and multi-family housing are not included (the numbers are taken from the MLS and believed to be accurate when reported but are not guaranteed).

 

Media reports speak in general terms. As a result they do not reflect local Carlsbad housing market conditions (read more - How Local IS Local?). Current information, and analysis, about local market conditions benefits you when you want to make important buying and/or selling decisions about Carlsbad homes for sale.

 

READ MORE ABOUT CARLSBAD

Carlsbad Village by the Sea

 

58 homes sold in Carlsbad in November (92008, 92009, 92010 and 92011), 27% fewer sales than in October. Here are the specifics:

 

Single Family Homes Sold
36 (down 14%); 30 Average Days on Market; Average Sales Price was $1,881,986 (up 7%); Average Sales Price was 96% of original asking price.

Condos, Townhomes & Duplexes Sold
22 (down 41%); 23 Average Days on Market; Average Sales Price was $924,818 (up 8%); Average Sales Price was 93% of original asking price. 1 condo sale was a lease option to buy at $5,500.

 

Overall Carlsbad home sales in November decreased from October. There were fewer single family home sales, and significantly fewer condo, townhome and duplex sales. The average sales price increased for single family homes, as well as for condos, townhomes and duplexes. November sales prices ranged from $561,000 to $6,300,000.

 

The average marketing time was 1 week longer for single family homes, and 2 days longer for condos, townhomes, and duplexes.

 

Compared to November 2022, there were 27% fewer sales of single family homes in 2023. There were 2 fewer condos, townhomes and duplexes sold in November 2023 than 1 year ago. The average sales price year over year was 20% higher for single family homes in 2023 (median price was 11% higher), and 7% higher for condos, townhomes and duplexes (median price was 15% higher) in November 2023.

 

A number of the home buyers made quick decisions to tour homes and submit successful offers. 28% of the homes went pending in 7 days or less, fewer than last month. It’s wise for buyers to be ready and not delay their decision-making in Carlsbad’s housing market!

 

The majority of the buyers negotiated their home prices down from asking price. At the same time, however, 29% paid list price or more for their homes. Buyer competition remains an issue, and it’s important to remember this when planning an offer strategy!

 

Oceanfront homes at Terramar in Carlsbad CA

 

The median sales price for single family detached homes was $1,710,000, compared to $1,547,000 in October, and was $872,500 for condos, townhomes and duplexes, up 5% from last month.

 

There were 6 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 might not allow further showings or accept back-up offers. They are included in the statistics below.

 

Inventory at the end of November (144) was down 6% from last month (153). List prices range from $569,000 to $21,900,000 for an oceanfront property.

 

There is a 1.6 month supply of condos, townhomes and duplexes (up from 1.5 months last month), and 2.1 months for single family homes (up from 1.8 months last month), based on the rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ housing market.

 

69 new listings came on the market in November, compared to 92 last month. 49 homes went pending (excluding homes that closed in November), versus 45 in October. It was still a busy month for Carlsbad buyers and sellers.

 

This overview of the Carlsbad housing market is based on data in the MLS. I can share more specifics regarding current activity, including Carlsbad neighborhoods that are of interest, such as La Costa, Aviara, Bressi Ranch or Calavera Hills.

 

Please contact me directly or via text at (760) 840-1360 to discuss your specific housing needs, timing, lifestyle, budget, and questions. Together we can develop a 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 2023

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (16)

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Boy Jeff, that market is slowing down just like before the pandemic. I have been seeing the same phenomenon lately. We have had 2.5 inches of rain in the past 24 hours so that slows us down also. Have a happy Wednesday 😎

Dec 05, 2023 07:24 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Boy, that's a lot of rain Paul S. Henderson, REALTOR®, CRS  Hope it was needed and didn't cause any problems!

A number of communities saw fewer sales in November. I think it's a combination of the time of year, the interest rates, and the low inventory.

Jeff

Dec 05, 2023 07:38 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff Dowler, CRS  another great market snapshot... many potential buyers and even agents do not understand why there is fewer listings.... the answer is so easy when 85% of all home owners have less than 5% Interest rates there is little incentive to move to 7% interest rates, hence fewer listings, Endre

Dec 05, 2023 09:32 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Sub 5% mortgage rates versus 6.75% plus rates currently definitely diminish the need for future promise and make current dissatisfaction more palatable. I am still amazed at California pricing.

Dec 06, 2023 04:21 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Families on the move will appreciate your local real estate reports.

Bill

Dec 06, 2023 04:36 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff,

I love the pictures you included for your Carlsbad Market Report.  Also, the report is easy to understand.  Your clients or potential clients will call the expert if they need more information. 

Dec 06, 2023 09:19 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre Barath, Jr. 

No doubt that is a big factor, coupled with the time of year when we typically see a slow down.

Thanks for your thoughts.

Jeff

Dec 06, 2023 09:38 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Wayne Martin 

No doubt our market is an eye opener for many. No question that the interest rates and prices have prevented some buyers from buying in the area.

Jeff

Dec 06, 2023 12:28 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the kind words Bill Salvatore - East Valley  I hope it's useful for buyers as well as sellers.

Jeff

Dec 06, 2023 12:29 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE® 

Thank you for the compliment! I add to my Carlsbad collection of photos fairly regularly but there are some that are favorites even though they are not new.

Jeff

Dec 06, 2023 05:12 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

My dream is to one day have a home near the ocean in Carlsbad and if that dream can ever become reality, you will be showing me homes!

Dec 07, 2023 06:07 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Brian England 

I hope that dream becomes a reality for you in the future...and of course I would love to help you!

Jeff

Dec 07, 2023 08:00 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Dec 10, 2023 05:02 PM