Here’s the Carlsbad Market Report for April 2023. And here is the market report for March for comparison in case you missed it.
The Carlsbad housing market continues to evolve, with changes from March and 1 year ago. Private sales, mobile homes and multi-family housing are not included. The data are taken from the MLS and believed to be accurate when reported but are not guaranteed.
Media reports speak in general terms, and do not reflect local Carlsbad housing market conditions. You can learn more here – How Local IS Local?. Having current information, and analysis, about local market conditions benefits you when making buying and/or selling decisions.
79 homes sold in Carlsbad in April, a 31% decline in sales from March. Here’s what happened.
Single Family Homes Sold – 52 (down 20%). 15 Average Days on Market. The Average Sales Price was $1,806,881 (up 1%). Average Sales Price was 101% of original asking price.
Condos, Townhomes & Duplexes Sold – 27 (down 45%). 19 Average Days on Market. The Average Sales Price was $884,625 (down 9%). Average Sales Price was 101% of original asking price.
Overall Carlsbad home sales in April dropped significantly from March. There were substantially fewer single family home sales, and condo, townhome and duplex sales. The average sales price increased slightly for single family homes, but was lower for condos, townhomes and duplexes. April sales prices ranged from $410,000 to $6,375,000.
The average marketing time was shorter for single family homes. The same was true for condos, townhomes, and duplexes.
Looking back to April 2022, there were 32% fewer sales of single family home sales in 2023. And 56% fewer condos, townhomes and duplexes sold in April 2023.
The average sales price year over year was 12% lower for single family homes (median price was 1% lower). The average was down 14% for condos, townhomes and duplexes (median price was 9% lower) in April 2023 versus 2022.
A good number of buyers made prompt decisions to tour homes and submit successful offers. As a result 37% of the homes were pending in 7 days or less. Buyers should continue to be ready to make prompt decisions in Carlsbad’s housing market!
Half of the Carlsbad buyers were able to negotiate their home prices down from list price. And half paid asking price or higher for their homes, about the same as last month. Buyer competition continues, so it’s important to remember this when planning your offer strategy!
The median sales price for single family detached homes was $1,384,000, 17% higher than March. The median was $825,000 for condos, townhomes and duplexes, up 3% from last month.
There were 94 homes for sale at the end of April, up 22% from last month (77). List prices in April ranged from $559,000 to $13,500,000.
There is a 24 day supply of condos, townhomes and duplexes (up from 24 days last month). And there is a1.1 month for single family homes (down from 1.2 months last month). This is based on the rate of sales over the last 3 months. As a result Carlsbad is still a very strong sellers’ market.
93 new listings came on the market in April, compared to 86 last month. 61 homes went pending (excluding homes that closed in April), versus 95 in March. It was fairly busy month for buyers and sellers.
This overview of the Carlsbad housing market is based on data in the MLS. I can share more details for neighborhoods of Carlsbad that interest you, including La Costa, Aviara, Bressi Ranch and Calavera Hills.
Please reach out to me directly or via text at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and your questions. Together we’ll plan an effective strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.