The Carlsbad real estate market continues to change, with some shifts from last month and 1 year ago.
114 homes sold in Carlsbad in January 2021 which was down 32% from December! Here are the details:
Single Family Homes Sold – 59 (down by 38%); 16 Average Days on Market; Average Sales price was $1,336,595 (9% higher); Average sales price was 102% of original asking price
Condos, Townhomes & Duplexes Sold – 55 (down by 24%); 42 Average Days on Market; Average Sales price was $714,555 (2% lower); Average sales price was 99% of original asking price
Overall Carlsbad home sales in January decreased significantly from December, and for single family homes and condos, townhomes and duplexes. The average sales price for single family homes was higher, but dropped for condos, townhomes and duplexes. Sales prices for January ranged from $315,000 to $2,475,000.
Looking back to January 2020, single family home sales were about the same – there were 2 fewer sales in January 2021 – while condo, townhome and duplex sales rose by 45% in 2021. The average sales price year over year was 13% higher for single family homes, and 25% higher for condos, townhomes and duplexes.
Homes sold quickly in January, with almost 1/3 of the homes going pending in 1 week or less. Many buyers made quick decisions to see properties and then made successful offers! If you are thinking of buying a home this is important to keep in mind!
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, over half of the home buyers (59%) paid asking price or more for their homes, a good indication of competition in the Carlsbad housing market. This is important to keep in mind if you are thinking of buying a home.
The median sales price for single family homes rose by 5% to $1,190,000, but declined by 2% from last month to $619,000 for condos, townhomes and duplexes.
There were 11 homes in Carlsbad at the end of January with an Active Under Contract status, versus 10 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 77 Carlsbad homes for sale at the end of January, ranging in price from $325,000 to $7,500,000, which is a 23% decrease from last month. Is the inventory tight? You bet it is!
Carlsbad’s current inventory is very limited, with only a 18 day supply for condos, townhomes and duplexes (down from 23 days last month) and 13 days for single family homes (the same as in December), based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ market based on current inventory and buyer demand, and became more competitive in January due to decreased supply and continued strong demand.
In January 113 new listings hit the market, versus 81 last month which was some good new for buyers. 113 homes went pending (excluding homes that closed), an increase by 43% from December but still an average of 3 to 4 listings going pending each day.
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 can create a strategy to help you buy a new Carlsbad home, and/or help sell your current Carlsbad home in 2021.