Here’s the Carlsbad housing market report for September, with some changes from last month and from 1 year ago. (here’s the Carlsbad market report for August as a comparison).
149 homes sold in Carlsbad in September, down 14% from August!
Single Family Homes Sold – 100 (up by 1). 15 Average Days on Market. The Average Sales Price was $1,564,103 (down 5%). The Average Sales Price was 100% of original asking price
Condos, Townhomes & Duplexes Sold – 49 (down 34%); 15 Average Days on Market. The Average Sales price was $950,490 (up 8%). The Average sales price was 101% of original asking price.
Total Carlsbad home sales in September decreased significantly from August. Single family home sales increased by 1, but there were far fewer condo, townhome and duplex sales. The average sales price was higher for single family homes, but was the same for condos, townhomes and duplexes.
September sales prices ranged from $505,000 to $7,000,000. Marketing time for single family homes was half as long as last month. Condos, townhomes, and duplexes sold about 1 week faster, on average, than in August.
Looking back at September 2020, there were 22% fewer sales of single family homes in September 2021. Similarly, 26% fewer condos, townhomes and duplexes sold in September 2021. The average sales price year over year was 23% higher for single family homes in 2021 (the median price was 13% higher). The average sales price for condos, townhomes and duplexes was 40% higher (median was 31% higher).
Did homes sell quickly? Yes! A good number of buyers made quick decisions to tour homes and submit successful offers. 44% of the homes went pending in 1 week or sooner! Making decisions quickly will be necessary if you wish to compete successfully in the Carlsbad housing market!
Some Carlsbad buyers successfully negotiated the price of their homes down from original list price. But at the same time 63% paid full price or higher! This is a good indicator of the competition, and important to keep in mind if you plan to buy a home. A low offer will likely not be successful, except perhaps in unusual circumstances!
The median sales price for single family detached homes was $1,399,950, which was 10% lower than in August. The median was $808,010 for condos, townhomes and duplexes, up 16% from last month.
Inventory dropped by 18% from August to 92, the second consecutive decline. Home prices range from $325,000 to $6,500,000.
Carlsbad’s current inventory remains limited. There is a 19-day supply of condos, townhomes and duplexes, but only 15 days for single family homes. This is based on the rate of sales over the last 3 months. Carlsbad is still a very strong sellers’ market.
In September 124 new listings hit the market, compared to 143 last month – that’s still an average of 4 listings each day. Similarly 127 homes went pending (excluding homes that closed), a 16% decline from August. Overall it was a 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 share details with regard to specific neighborhoods of Carlsbad that interest you, such as La Costa, Bressi Ranch, Aviara, the Village or Calavera Hills.
Please reach out to me at (760) 840-1360 so we can talk about your housing needs, timing, lifestyle and budget, and address your questions. We’ll then create a strategy to help buy your new Carlsbad home. I can also assist you in selling your current home.