Here are the summary statistics from the MLS for the month of November for Carlsbad, CA.
Some interesting things to note - inventory dropped 9% from last month. There was no change in the median price for attached homes from the previous month, but an increase of 1% for detached homes. However, both showed a decline in median price as compared to 1 year ago. We may be starting to see a slowing in the market over the next month or so which is typical during the holiday season.
If I can provide more information, or otherwise be of assistance, please let me know.
AS OF NOV. 30, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 306 | 553 |
Sold in Last 6 Months | 247 | 439 |
Sold/Pending in Last 6 months | 315 | 565 |
Absorption Rate (Solds) | 200 days | 201 days |
Absorption Rate (Solds plus Pendings) | 157 days | 156 days |
Average Days on Market | 62 | 62 |
Median Price Change From 1 Year Ago | -7% | -5% |
Median Price | $466,250 | $771,250 |
Average Price | $484,817 | $809,868 |
% Change in MDN from prior month | 0% | 1% |
New on Market in November | 64 | 109 |
Pending in November | 40 (6 were new in Nov.) | 56 (11 were new in Nov.) |
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Thanks for the info jeff a buddy of mine is buying an investment property in carlsbad and i am doing his financing.
I can't get over how Carlsbad attached housing too a dive this year. i think it will firm up here. Under $500K is really inexpensive.