2016 was a busy real estate year for Carlsbad with an improving economy, and as a result there were some shifts compared to real estate sales in 2015. In addition to single family detached homes, Carlsbad also offers a wide variety of attached (condos, town homes, twin homes), in gated and ungated communities, for those whose budget and lifestyle preferences are for attached properties.
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Here’s what happened with the condo, town home and twin home housing market in 2016.
- 715 attached homes sold in Carlsbad during 2016, up slightly by 1% from 2015 sales.
The average sales price of attached homes increased by 9% from 2015 to $542,779. Prices ranged from $200,000 for a 1/1 condo up to $4,200,000 for an oceanfront town home in Carlsbad Village.
The median price of an attached home rose by 6% to $495,000, and was up by 17% from 2014.
Attached homes sold fairly quickly in 2016, with an average time on the market of 32 days, compared to 39 days in 2015.
Homes sold for an average of 97% of the listing price, however 31% of the homes sold for asking price or above.
27% of the attached home sales were cash transactions.
Thus we saw a few more attached home sales in 2016 than in 2015, but both the average sale price and the median sale price jumped fairly significantly in 2016, and both were up even more substantially from 2014 prices.
Whether you are thinking of buying or selling, if you would like more specific information about the housing market conditions in your area, or are interested in finding out how much equity you might have in your current home in North San Diego County, please give me a call at (760) 840-1360 so we can arrange a time to meet and discuss these issues further.