Carlsbad Real Estate - Carlsbad Market Report for February 2009

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

Carlsbad real estate market report for February 2009

The Carlsbad real estate market continues to evolve, and the statistics for February show a number of changes since January 2009. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed. 

Media reports speak in general terms, rather than local, so that information may not represent the reality of our local Carlsbad real estate market. Having data from a knowledgeable agent about the local market conditions benefits you as the buyer or seller. 

In February 2009 there were 52 homes sold in Carlsbad's 4 zipcodes, as compared to 57 for January (a 9% decrease in sales). Here's the breakdown of overall activity.

 

TOTAL HOMES

Detached

Attached

Number

 

52

33

19

Days on Market

 

79

82

74

Average $/SF

 

$268/SF

$272/SF

$259/SF

Average Sales Price

 

 $550,570 (slight uptick) 

  $651,821 (up 1%) 

$374,714 (up 4%)

Median Sales Price

 

$533,500 (up 3%)

$584,900 (up 2%)

$379,900 (up 11%)

Average Sale$ / List$

 

96%

97%

95%

The number of sales was down from January, but interesting the average sales prices AND median sales prices were all up over January 2009. The DOM also declined from January. 

At the end of February 2009 there were 580 Carlsbad homes for sale (383 detached, and 197 attached homes), up 3% from the inventory as we saw in January. This represents an inventory of 6.9 months for attached homes (an increase over 5.9 months for January) and 8 months for detached based on the current rate of sales over the last 6 months (an increase from 6.2 months as of the end of January).  These absorption rates continue to be encouraging when compared to many other parts of the country, some of which have over 2 years of inventory. The steady inventory is also encouraging.

In February 140 homes came on the market: 102 detached and 38 attached. During the same time 105 homes went pending (54 detached, 51 attached), and increase of 14% over January's pendings (we will see these closing, in all likelihood, in March). It should be noted that 18 of the detached homes went pending in the same month they were listed (i.e., February, with DOM less than 30 days); 11 of the attached homes listed in February wend pending. This reflects homes that are well priced and in good condition.

This overview of the Carlsbad real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in February. More details can be provided if needed with regard to current activity as well as within the specific zip codes of Carlsbad.

READ MORE:

 Carlsbad Real Estate - Market Report for January 2009

Carlsbad Real Estate - Market Report for December 2008

San Diego Real Estate Market - Year End Market Report for 2008

Carlsbad Real Estate - Market Report for November 2008

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Carlsbad
Groups:
Southern California Real Estate Forum
Posts to Localism
CALIFORNIA REAL ESTATE
Market Updates
SAN DIEGO Real Estate Agents & Loan Officers
Tags:
buyers
relocation
carlsbad real estate
carlsbad
sellers
carlsbad homes for sale
market reports
jeff dowler
carlsbad homes

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
192,203
Janice Sutton
1st Stage Property Transformations - Murrieta, CA
Home Stager - Temecula Murrieta

Very interesting stat's!  Looks promising.  I would love to live in Carlsbad one day.  It is a great quaint city. 

Mar 01, 2009 11:47 AM #1
Ambassador
4,011,804
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Janice - thanks for stopping by. Yep, it's a great community, but I am biased since I live here. Hope business is going well.

Jeff

Mar 02, 2009 12:43 PM #2
Ambassador
517,395
Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

I'm hearing positive February numbers in a lot of locations.  It seems many buyers were "on hold" in January, as the news stories kept talking about the housing stimulus package and the fact that it might "take affect" in the middle of February.  Why buy in January if you'll get some kind of big benefit by waiting until February?  Now that we know what the package is, and can see that interest rates aren't going to be lowered artifically, buyers are taking advantage of the great bargains out there... and they appear to be doing that. 

Mar 05, 2009 12:43 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,011,804

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information