Carlsbad Homes for Sale - What Happened in the Carlsbad Real Estate Market in January 2012?

The Carlsbad real estate market continues to shift, and the statistics for January show a number of changes from last month. These data do not include private sales or manufactured/mobile/multi-family housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.

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Media reports speak in general terms, so information may not represent the reality of our local Carlsbad real estate market. Having data, and knowledge, about the local market conditions benefits you as a buyer or seller so you can make informed purchase and sale decisions.

In January 2012 there were 102 Carlsbad homes sold (92008, 92009, 92010 and 92011), the same as in December. Here's the breakdown of overall activity.

	TOTAL HOMES	Detached	Attached
Number	102 (no change)	60 (down 13%)	42 (up 27%)
Days on Market	95	77	121
Average Sales Price	$485,597 (down 6%)	$601,362 (down 2%)	$320,218 (down 2%
Average Sales$/List$	97%	96%	92%

The number of Carlsbad home sales remained the same, but with fewer detached homes sold in January than in December, but the opposite for attached. Overall average sale prices declined modestly. There is still some negotiation going on and buyers, on average, are getting their homes for 4 - 8% off the asking price.

There were 118 properties (20% of the total) in Carlsbad at the end of January with the CONTINGENT status, 6 more than last month (i.e., homes with offers being reviewed for approval by short sale and REO lenders).

There were 597 Carlsbad Homes for sale at the end of January, the 7^th decline in inventor, by 4%, and the lowest inventory in over a year! This represents an inventory of 5.8 months for attached homes (down from 6.3 months last month) and 4.8 months for detached (up from 4.5 last month) based on the current rate of sales over the last 6 months. The real estate market in Carlsbad continues to be competitive and is getting more so.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

In January the number of new homes coming on the market increased, with 141 new listings (up 54%) hitting the market. This is likely due to the fact we are past the holidays and heading into the spring market. The number of homes going pending rose significantly, up 22% to 118, from December pendings. People were buying in January, and late December!

This overview of the Carlsbad real estate market is based on information provided by the MLS. More details can be provided with regard to current activity as well as within the specific zip codes of Carlsbad.

Watch for my 2011 overview of the Carlsbad real estate market!

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