The Carlsbad housing market was busy again. 196 homes sold in Carlsbad in April, up 40% from last month! Here are the details.
Single Family Homes Sold – 124 (up by 49%); 15 Average Days on Market; the Average Sales price was $1,521,768 (down 7%); Average sales price was 105% of original asking price (1 home sold for 129% of list price)
Condos, Townhomes & Duplexes Sold – 72 (up 26%); 42 Average Days on Market; the Average Sales price was $764,053 (up 12%); Average sales price was 103% of original asking price
Carlsbad home sales in April increased substantially from March, with significantly more sales of single family homes, and condos, townhomes and duplexes. The average sales price was lower for single family homes (in part due to 9 homes selling last month for over $2M and 1 at $20M that raise the average!), but modestly higher for condos, townhomes and duplexes.
Sales prices ranged from $300,000 to $7,257,120. Marketing time was longer for condos, townhomes, and duplexes, and for single family homes (but still only about 2 weeks).
Sales of single family homes were 78% higher in April 2021 compared to 1 year ago. Similarly, nearly twice as many condos, townhomes and duplexes sold in April 2021 (up 95%) as last year. The average sales price year over year was 34% higher for single family homes, but 4% higher for condos, townhomes and duplexes.
Clearly many buyers made quick decisions to see homes for sale and submitted successful offers, as the majority of homes, 66%, went pending in 1 week or less. If you are planning to buy a home in today’s market and hope to compete successfully this is important to keep in mind!
Some Carlsbad buyers negotiated the price of their homes down from the original listing price, however 4 out of 5 buyers paid full price or higher; 1 paid 29% over list price. This is a good indication of the current competition among buyers in the Carlsbad housing market, and important to keep in mind if you are planning to buy a home. Submitting a low offer will not lead to success in this market!
The median sales price for single family homes was $1,350,000, up 5% from last month, and $683,000 for condos, townhomes and duplexes, up 9% from March.
There were 4 homes in Carlsbad at the end of April with an Active Under Contract status, versus 8 last month.
Carlsbad inventory rose by 10% in April, from 92 at the end of March to 101. List prices range from $257,500 to $8,000,000. However, inventory is still tight even with the modest improvement in April!
There is a 19 day supply for condos, townhomes and duplexes, and 20 days for single family homes, based on the rate of sales over the last 3 months. Carlsbad continues as a very strong sellers’ market based on existing inventory and strong buyer demand.
In April 175 new listings came on the market, versus 157 last month (up 11%), some good news for buyers. 137 homes went pending, excluding homes that closed, which was a 7% drop from March but still around 4 pending listings each day…it was another busy month for sellers and buyers.
This overview of the Carlsbad real estate market is based on information provided by the MLS. I’m happy to provide more details with regard to current activity as well as for specific neighborhoods of Carlsbad that interest you, such as La Costa, Aviara, Bressi Ranch or Calavera Hills.
Please contact me at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions that you have. Armed with that information we can create a strategy to help you buy a new Carlsbad home, and/or help you sell your current Carlsbad home.