Here’s the Carlsbad Market Report for January 2022.
73 homes sold in Carlsbad in January, 41% fewer than in December! Here are the details:
Single Family Homes Sold – 43 (down 40%). The Average Days on Market was 12. Average Sales Price was $1,719,939 (up 7%). The Average Sales Price was 106% of original asking price. 1 home sold at 135% of list price.
Condos, Townhomes & Duplexes Sold – 30 (down 42%). The Average Time on Market was 19 days. Average Sales Price was $937,493 (down by 3%). The Average Sales Price was 104% of original asking price.
Overall Carlsbad home sales in January decreased significantly from December. We saw a decline in single family home sales, and for condo, townhome and duplex sales. Furthermore, the average sales price was higher for single family homes, but lower for condos, townhomes and duplexes.
Sales prices in January ranged from $490,100 to $4,250,000. Marketing time was shorter for single family homes, but 2 days longer for condos, townhomes, and duplexes.
There were 28% fewer sales of single family homes sold in January 2022 than 1 year ago. Similarly, there were 48% fewer condos, townhomes and duplexes sold in January 2022. The average sales price year over year was 29% higher for single family homes (the median price was 34% higher). The average price was 32% higher for condos, townhomes and duplexes (median was 25% higher) in January 2022.
Many buyers made quick decisions to tour homes and submit successful offers. As a result over half the homes (60%) went pending in 7 days or less! Making decisions quickly is essential in order to compete successfully in the Carlsbad housing market!
A number of Carlsbad buyers were able to negotiate their purchase price. But at the same time 78%, paid full price or more!
The median sales price for single family detached homes was $1,670,000, up 11% from December. The median sales price was $770,000 for condos, townhomes and duplexes, 1% higher than last month.
Inventory declined by 15% in January down from 39 at the end of December to 33 in January. List prices range from $649,000 to $8,800,000. The Carlsbad inventory remains very limited and became even more so in January!
Carlsbad has a 19-day supply of condos, townhomes and duplexes. There is a 12-day supply of single family homes, based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ market.
33 listings came on the market in January, versus 48 last month, an average of 1 per day. 25 homes went pending (excluding homes that closed), a 56% drop from December.
This overview of the Carlsbad real estate market is based on information provided by the MLS. I’m happy to provide more details, as well as for specific neighborhoods of Carlsbad that interest you.
Please reach out to me at (760) 840-1360 so we can discuss your housing needs, timing, budget, and any questions. We can then create a strategy to buy your new Carlsbad home, and/or sell your current home.