167 homes sold in Carlsbad in December, a 5% decline from November but still a substantial number of sales in any month over the last 2 years! Here’s are the details.
Single Family Homes Sold – 95 (down by 18%); Average Days on Market was 13; Average Sales price was $1,225,754 (down 1%); Average sales price was 100% of original asking price
Condos, Townhomes & Duplexes Sold – 72 (up 20%); Average Sales price was $729,109 (up 10%); Average sales price was 99% of original asking price
Overall Carlsbad home sales in December decreased modestly from November, with a large decline in single family home sales in contrast to a significant increase in sales of condos, townhomes and duplexes. The average sales price was slightly lower for single family homes, but was higher for condos, townhomes and duplexes. Sales prices for December ranged from $360,000 to $2,462,500.
Looking back 1 year to December 2019, single family home sales in December 2020 were up 27%, and there were 18% more condo, townhome and duplex sales. The average sales price year over year was 11% higher for single family homes, but 24% higher for condos, townhomes and duplexes.
47% of the homes went pending in 1 week or less. It’s clear plenty of buyers made quick decisions to see properties, and then made successful offers! This is important to keep in mind if you are a prospective buyer!
Carlsbad buyers were able to negotiate the purchase of their homes an average of 1% off the original asking price. At the same time, however, a significant number of home buyers (67%) paid the asking price or higher for their new homes, a reflection of the competition among buyers in the Carlsbad housing market.
The median sales price for single family homes was $1,190,000, 3% higher than last month, and $629,500 for condos, townhomes and duplexes, 7% higher than November.
There were 10 homes in Carlsbad at the end of December with an Active Under Contract status, versus 13 last month. These homes are technically still available but some of these listings may not allow more showings or accept more back-up offers.
There were 100 Carlsbad homes for sale at the end of December, ranging in price from $325,000 to $26,950,000. This is a decline of 28% from last month, not a big surprise given the holidays.
Carlsbad’s current inventory is only 23 days for condos, townhomes and duplexes (versus 1 month in November), and only 13 days for single family homes (down from 17 days last month) based on the rate of sales over the last 3 months.
Carlsbad continues to be a very strong sellers’ market based on inventory and buyer demand, and became more competitive in December due to more limited supply and strong demand.
In December 81 new listings came on the market, compared to 108 last month – not a surprise with the holiday season. 81 homes went pending (excluding homes that closed), a decrease by 35% from November but still an average of 2 to 3 listings going pending each day. It was a relatively busy month for buyers and sellers.
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. Then we will create a strategy to help you buy a new Carlsbad home, and/or help you sell your current Carlsbad home.