Carlsbad’s housing continues to be very active, with some changew from last month and 1 year ago. Here’s what happened.
166 homes sold in Carlsbad in June, an increase of 11% from May sales!
Single Family Homes Sold – 115 (up 15%); the Average Days on Market was 7; the Average Sales Price was $1,506,354 (up 2%); the Average Sales Price was 109% of the original asking price
Condos, Townhomes & Duplexes Sold – 51 (down 1); the Average Days on Market was 8; the Average Sales Price was $776,551 (2% lower); the Average Sales Price was 105% of original asking price
Carlsbad home sales in June increased from last month, with more single family home sales, and 1 less condo, townhome and duplex sale. The average sales price was slightly higher for single family homes, but was slightly lower for condos, townhomes and duplexes. Sales prices in June ranged from $422,888 to $3,800,000. Marketing time was shorter for single family homes (averaging 7 days), and also shorter for condos, townhomes, and duplexes than last month
Looking back at June 2020, there were 8% fewer sales of single family home in June 2021, and 15% fewer condos, townhomes and duplexes sold in June 2021. The average sales price year over year was 32% higher for single family homes (the median sales price was 33% higher), and 25% higher for condos, townhomes and duplexes (the median sales price was 26% higher).
Most homes (70%) went pending in 1 week or less – many buyers made quick decisions to tour listings and submit winning offers! If you want to compete successfully in the current housing marker making quick decisions is important!
While some Carlsbad buyers were able to negotiate the price of their homes down from the original listing price, 4 out of 5 buyers (87%) paid full price or higher, with several paying 120% of list and higher. This is a good indication of the current buyer competition in Carlsbad, and important to remember if you are thinking of buying a home.
The median sales price for single family homes was $1,430,000, up 1% from last month, another increase, and $730,000 for condos, townhomes and duplexes, up 3% from last month.
We saw a 20% increase in the Carlsbad inventory, from 86 at the end of May to 103 in June…some good news for buyers…with homes ranging in price from $325,000 to $8,800,000. Is the Carlsbad inventory still limited? Yes, and the inventory increase was welcome given buyer demand!
Carlsbad’s current inventory remains limited, with an 18 day supply for condos, townhomes and duplexes, and 18 days for single family homes, based on the rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ market.
In June 167 new listings came on the market, compared to 155 in May – some good news for buyers. 153 homes went pending (excluding homes that closed), a slight decrease from May but still an average of 5 pending listings every day. It was another busy month for sellers and buyers.
This overview of the Carlsbad real estate market is based on information in the MLS. I’m happy to provide more specifics regarding current activity as well as for particular neighborhoods of Carlsbad that interest you, e.g., La Costa, Aviara, Bressi Ranch or Calavera Hills.
Please reach out to me at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions. With that information we can create a strategy to buy your new Carlsbad home, and/or help sell your current one.