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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Passionate about solving buyer & seller real estate problems in Carlsbad & coastal North County San Diego communities. Relocation to Carlsbad and nearby is my forte! CALL or TEXT ME at (760) 840-1360.
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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!
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