Carlsbad Market Report December 2023

Oceanside Market Report January 2023

Here’s the Carlsbad Market Report for December 2023. And here’s the Market Report for November as a comparison.

The Carlsbad real estate market continues to shift, with changes from last month and December 1 year ago. Private sales, mobile homes and multi-family housing are not included. The data are from the MLS and believed accurate when reported but are not guaranteed.

Media reports and headlines are generalized. As a result they do not reflect local Carlsbad housing market conditions (you may want to read more – How Local IS Local?). Current information, and analysis, about local market conditions in a Market Report will benefit you when you need to make important buying and/or selling decisions.

46 Carlsbad homes sold in December, down 21% from November.

Carlsbad Alley Art Wall

CARLSBAD MARKET REPORT DETAILS

Single Family Homes Sold – 30 (down 17%). 29 Average Days on Market. The Average Sales Price was $2,233,930 (up 19%). Average Sales Price was 98% of original asking price.

Condos, Townhomes & Duplexes Sold – 16 (down 27%). 24 Average Days on Market. The Average Sales Price was $1,041,250 (up 13%). Average Sales Price was 99% of original asking price.

Overall Carlsbad home sales in December dropped from November. There were fewer single family home sales, as well as fewer condo, townhome and duplex sales. The average sales price increased for single family homes, as it also did for condos, townhomes and duplexes. December sales prices ranged from $540,000 to $10,750,000.

The average marketing time was only 1 day shorter for single family homes, but 1 day longer for condos, townhomes, and duplexes.

Single family home sales were about the same in 2023 as in 2022 (down 1 from December 2022). There were 4 more condos, townhomes and duplexes sold in December 2023 than 1 year ago. The average sales price year over year was 31% higher for single family homes in 2023 (median price was 17% higher). The average price was 24% higher for condos, townhomes and duplexes (median price was 12% higher) in December 2023.

Some home buyers made quick decisions to tour homes and submit their successful offers. Thus 39% of the homes went pending in 7 days or less, more than last month. As a result, it’s wise for buyers to be prepared to not delay decision-making in Carlsbad’s housing market!

Plenty of the buyers were able to negotiate home prices down from asking price. At the same time, however, 48% paid list price or higher for their homes. Buyer competition is still an issue because of inventory, and it’s important to remember this when planning your offer strategy!

The median sales price for single family detached homes was $1,750,000, compared to $1,710,000 in November. The median price was $880,000 for condos, townhomes and duplexes, up slightly by 1%.

There were 99 homes for sale at the end of December, compared to 144 last month (down 31%). List prices range from $550,000 to $9,995,000.

There is a 1.6 month supply of condos, townhomes and duplexes (like last month). And there is a supply of 1.6 months for single family homes (down from 2.1 months). This is based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ market.

38 new listings came on the market in December, versus 69 last month. 35 homes went pending (excluding homes that closed in December), compared to 49 in November.

This overview of the Carlsbad housing market is based on data from the MLS. I can share more specifics regarding current activity, including particular Carlsbad neighborhoods, such as La Costa, Aviara, Bressi Ranch and Calavera Hills.

Please reach out directly or via text at (760) 840-1360 to discuss your personal housing needs, timing, lifestyle, budget, and questions. Then we can create a strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.