Market Data for MARCH 2007 - Carlsbad, CA

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

April 10, 2007 09:08 AM

Here are the summary market data for Carlsbad from the MLS for March 2007. [photo is of new homes in the La Costa Greens Master Planned Community - see link BELOW for a review of this community]. (links to previous Carlsbad market reports: January 2007, February 2007, December 2006, November 2006, October 2006, September 2006)

A few interesting things to point out. First, the inventory, while up slightly from last month (about 3%), is still substantially lower than it was at the end of November. Second, the rate of sales seems to have gone up a little, and there is now only a 6-month supply of detached homes for sale in Carlsbad. Buyer activity has picked up, and while the average marketing time is just a little less than last month, there are homes that are selling in 1 week and less in some cases.

If you are actively looking at Carlsbad homes for sale, do not assume that the home you like is going to sit there forever. And even homes that have been on the market for a long time can disappear all of a sudden as new buyers are entering the market.

AS OF MARCH 31, 2007	ATTACHED HOMES	DETACHED HOMES
Active	224	430
Sold in Last 6 Months	206	420
Sold/Pending In Last 6 months	304	578
Absorption Rate (Solds)	196 days	184 days
Absorption Rate (Solds Plus Pendings)	133 days	134 days
Average Days on Market	68	76
Median Price Change From 1 Year Ago	-6%	0%
Median Price	$438,750	$750,500
Average Price	$468,518	$799,564
% Chng in MDN from prior month	-1%	3%
New on Market in March	109	178

If I can provide more information or answer any questions about the Carlsbad housing market, or other surrounding communities (e.g., San Marcos, Del Mar, Solana Beach, Encinitas, Cardiff), please email me at jdowler@remax.net or call my cell (760) 840-1360.

If you are a first time buyer, check out First Time Buyer Central for information on the buying process and everything you need to know as a buyer. And if you are relocating, Relocation A to Z is a great resource.

Here are some other articles that may be of interest to you:

COMMUNITY ARTICLES BY JEFF DOWLER

MARKET REPORTS

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Rainmaker
958,568

Kay Van Kampen

RE/MAX Broker, RE/MAX - Springfield, MO

Realtor®, Springfield Mo Real Estate

Jeff, all I can say is "WoW". The last month has been one of the busiest months I've had in years. And yet, you come up with all these great articles. Thank you so much!

Apr 10, 2007 01:39 PM

Ambassador
4,422,621

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Kay - Thanks for coming by. Glad to hear your business is going well. We have definitely seen an uptick in things here in the last few weeks.

Jeff

Apr 11, 2007 02:19 AM

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Jeff Dowler, CRS

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