Here’s the Carlsbad Market Report for January 2023, with changes from December and 1 year ago. These statistics do not include private sales, mobile homes or multi-family housing. The data are taken from the MLS and believed to be accurate when reported but are not guaranteed.
Here’s a link to the Carlsbad market report for December 2022 in case you missed it.
Media reports speak in general. Thus they do not reflect local Carlsbad housing market conditions (learn more – How Local IS Local?). Up-to-date information about local market conditions benefits you when you need to make buying and/or selling decisions.
62 homes sold in Carlsbad in January, up by 44% from December (43). Here are the specifics.
Single Family Homes Sold – 34 (up by 3). 37 Average Days on Market. The Average Sales Price was $1,622,432 (down 5%). Average Sales Price was 95% of original asking price.
Condos, Townhomes & Duplexes Sold – 28 (up 133%). 63 Average Days on Market. The Average Sales Price was $1,137,193 (up 35%). The Average Sales Price was 96% of original asking price.
Overall Carlsbad home sales in January rose significantly from December. There were 3 more single family home sales, but condo, townhome and duplex sales more than doubled. The average sales price declined for single family homes. In contrast, the average sales price increased for condos, townhomes and duplexes (in part due to the sale of 5 condos over $2M). Sales prices in January ranged from $340,000 to $2,600,000.
The average marketing time was longer for single family homes, and substantially longer for condos, townhomes, and duplexes.
There were 21% fewer sales of single family homes in 2023 compared to January 2022. 3 fewer condos, townhomes and duplexes sold in January 2023 than 1 year ago. The average sales price year over year was 6% lower for single family homes, and the median price was 7% lower. In contrast, the average sales price was 20% higher for condos, townhomes and duplexes (median price was 36% higher) in January 2023.
A number of buyers made quick decisions to tour homes and submit successful offers. 25% of the homes went pending in 7 days or less, which was fewer than in December. However, buyers should still be prepared to make quick decisions in Carlsbad’s housing market!
The majority of Carlsbad buyers were able to negotiate their home prices down. However, 31% paid asking price or higher, about the same as last month.
The median sales price for single family detached homes was $1,500,000, 4% higher than December. The median was $785,000 for condos, townhomes and duplexes, 33% higher than last month.
Inventory at the end of January (95) was about the same as last month (97). The list prices range from $465,000 to $11,950,000.
There is a 2 month supply of condos, townhomes and duplexes, and 1.4 months for single family homes. This is based on the rate of sales over the last 3 months. As a result Carlsbad continues to be a very strong sellers’ housing market.
72 new listings came on the market in January, compared to 40 last month. Similarly, 52 homes went pending, excluding homes that closed in January, compared to 41 in December.
This overview of the Carlsbad housing market is based on data in the MLS. I can share more details with regard to current activity, as well as for Carlsbad neighborhoods that interest you (Ie.g., La Costa, Aviara, Bressi Ranch, Calavera Hills).
Please reach out to me directly or by 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 one.