The first 6 months of 2016 were relatively busy, and we saw some shifts compared to the same period in 2015.
Carlsbad offers a range of attached (condos, townhomes, twinhomes) and detached single family homes, some in gated communities. In this report we will look at the data for single family detached homes across Carlsbad’s 4 zipcodes.
SINGLE FAMILY DETACHED HOME SALES
523 single family detached homes sold in the first 6 months of 2016, down 7% from the same period in 2015.
Average sales price was $958,935, which was up 7% from 2015.
Sales ranged from $406,000 to $2,475,000, with a median sales price of $885,000, up 6% over the median sale price in 2015
DOM (days on market) averaged 34 days, as compared to 39 days in 2015.
Homes sold for 97% of the most recent asking price on average, however 30% of the homes sold at list price or above.
19% of the homes that were sold were cash transactions
CURRENT INVENTORY
As of this writing there are 240 single family detached homes for sale. These range in price from $537,700 up to $18,000,000 for an amazing oceanfront property in the Village. 134 homes are pending.
The current market in Carlsbad favors sellers of detached homes, with an inventory of about 2.8 months based on the rate of sales in the first 6 months of the year, and current buyer demand.
If you would like more details about the local market, or would like to better understand what these local market conditions mean for you as a buyer or seller, please give me a call at (760) 840-1360.