What’s the Value of My Carlsbad Home?
Carlsbad Market Report for November 2024
The Carlsbad real estate market continues to change, with shifts 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 as reported but are not guaranteed).
Media market reports typically are very generalized. As a result they do not reflect local Carlsbad housing market conditions (read more - How Local IS Local?). Up-to-date information, and analysis, about local market conditions will benefit you when you want to make important buying and/or selling decisions about Carlsbad homes for sale.
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64 homes sold in Carlsbad in November (92008, 92009, 92010 and 92011), down 26% from October. Here are the specifics:
Single Family Homes Sold
43 (down 23%); 36 Average Days on Market; Average Sales Price was $1,830,690 (down 1%); Average Sales Price was 96% of original asking price.
Condos, Townhomes & Duplexes Sold
21 (down 32%); 50 Average Days on Market; Average Sales Price was $1,035,700 (less than 1% drop); Average Sales Price was 97% of original asking price.
Carlsbad home sales in November declined significantly from October. Single family home sales dropped substantially as did condo, townhome and duplex sales. The average sales price decreased slightly for single family homes, as it also did for condos, townhomes and duplexes. November sales prices ranged from $605,000 to $3,500,000.
The average marketing time was longer for single family homes than last month. The average time on the market also increased by several days for condos, townhomes, and duplexes.
4 more single family homes sold in November 2024 than 1 year ago. 21 condos, townhomes and duplexes sold in November 2024 compared to 22 1 year ago. The average sales price year over year was 4% lower for single family homes in November 2024 (the median price was 1% higher). In contrast, the average sales price was 6% higher for condos, townhomes and duplexes sold in November 2024 than 1 year ago; the median price was 20% higher.
A number of buyers made prompt decisions to tour listings and submit successful offers. 27% of the homes went pending in 7 days or less, fewer than last month. Thus it’s still important that homebuyers are prepared to make quick decisions in the current housing market in Carlsbad.
The majority of buyers were able to negotiate their home purchase prices down from asking price. At the same time, however, 38% paid list price or more for their homes. Buyer competition continues, and it’s important to keep this in mind during your home search and when planning your offer strategy!
The median sales price for single family detached homes was $1,750,000, compared to $1,940,000 in October. The median price was $1,056,476 for condos, townhomes and duplexes, compared to $900,000 last month.
There were 10 homes in Carlsbad at the end of November with an Active Under Contract status, compared to 6 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 (181) was down by 16% from last month (215). List prices range from $480,000 to $11,500,000.
There is a 2.6 month supply of condos, townhomes and duplexes (up from 2.5 months last month), and 2.1 months for single family homes (down from 2.2 months last month), based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ housing market.
67 new listings came on the market in November, compared to 115 last month, a substantial decrease. In contrast, 74 homes went pending (excluding homes that closed in November), compared to 61 in October.
This summary of the Carlsbad housing market is based on data from the MLS. I can share other specifics about recent activity, including neighborhoods of interest to you (e.g., La Costa, Aviara, Bressi Ranch, Calavera Hills).
Please reach out directly or via text at (760) 840-1360 to discuss your particular 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.
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