Carlsbad Market Report June 2022

Carlsbad Market Report July 2022

Here’s the June 2022 Market Report for Carlsbad. Check out the market report for May as a comparison.

127 homes sold in Carlsbad in June which was up 7% from May! Here are the specifics:

Single Family Homes Sold – 80 (up by 18%). 12 Average Days on Market. Average Sales Price was $1,889,250 (up by 4%). The Average Sales Price was 103% of the original list price.

Condos, Townhomes & Duplexes Sold – 47 (down by 4). 11 Average Days on Market. The Average Sales Price was $985,390 (down 5%). Average Sales Price was 103% of the original listing price.

Overall Carlsbad home sales rose in June from last month. There were significantly more single family home sales, but there were fewer condo, townhome and duplex sales. The average sales price was higher for single family homes, but declined for condos, townhomes and duplexes.

Sales prices in June ranged from $450,000 to $3,400,000. Marketing time was 5 days longer for single family homes, but remained the same for condos, townhomes, and duplexes.

Looking back at June 2021, there were 31% fewer sales of single family homes in 2022. Similarly, there were 15% fewer condos, townhomes and duplexes sold in June 2022 than 1 year ago.

The average sales price year over year was 25% higher for single family homes (median was 20% higher). The average sales price was 29% higher for condos, townhomes and duplexes (median was 22% higher) in June 2022.

In general buyers decided quickly to tour homes and submit offers. However, about half the homes (46%) went pending in 7 days or less! As a result buyers must make quick decisions in order to compete successfully in the current Carlsbad real estate market!

Many Carlsbad buyers were able to negotiate their home prices. At the same time 54% paid over list price for their homes! This is a good indication of competition, and something to remember for your offer strategy!

The median sales price for single family detached homes was $1,730,000, slightly less than for May. The median price was $870,000 for condos, townhomes and duplexes, also 1% lower.

There were 231 homes for sale at the beginning of June. This is 55% higher than in May and some good news for buyers. However, the Carlsbad inventory remains limited relative to demand. But it was nice to see the improvement in June. List prices range from $465,000 to $14,950,000.

There is a 1.6 month supply of condos, townhomes and duplexes, and 2 months for single family homes. This is based on the rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ housing market.

In June 175 new listings came on the market, compared to 169 last month. In contrast 71 homes went pending (excluding homes that closed), which was 44% fewer than last month.

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 neighborhoods of Carlsbad that interest you.

Please reach out, call or text, at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions. We’ll work together to develop an effective strategy to buy your new home, and/or sell your current home.