Here’s the Carlsbad Market Report for June 2023. And here’s the May Market Report as a comparison in case you missed it.
The Carlsbad real estate market continues to evolve, with changes from May and 1 year ago. Private sales, mobile homes and multi-family housing are not included. Thenumbers are taken from the MLS and believed accurate when reported but are not guaranteed.
Media reports speak in general terms. As a result they do not reflect the local Carlsbad housing market conditions. You can learn more here – How Local IS Local?. Current information, and analysis, about local market conditions will benefit you when making important buying and/or selling decisions. (Click photo to read about this most recent Carlsbad Art Wall mural in 2023).
89 homes sold in Carlsbad in June, 3 fewer sales than in May. Here are the details.
HOUSING ACTIVITY IN CARLSBAD FOR JUNE 2023
Single Family Homes Sold – 59 (up by 4). 12 Average Days on Market. The Average Sales Price was $1,837,054 (down 7%). Average Sales Price was 100% of original asking price.
Condos, Townhomes & Duplexes Sold – 30 (down 19%). 14 Average Days on Market. The Average Sales Price was $965,053 (down 17%). Average Sales Price was 100% of original asking price.
Carlsbad home sales in June dropped slightly from last month. There were more single family homes sold, however there were fewer condo, townhome and duplex sales. The average sales price declined for single family homes. The average sales price was also lower for condos, townhomes and duplexes. Sales prices ranged from $502,000 to $3,999,000 in June.
The average marketing time was slightly shorter for single family homes, and 3 days shorter for condos, townhomes, and duplexes.
Looking back to June 2022, there were 29% fewer sales of single family homes in 2023. And 36% fewer condos, townhomes and duplexes sold in June 2023. The average sales price year over year was 3% lower for single family homes (median price was 3% lower). The average sales price was 1% lower for condos, townhomes and duplexes (median price was 2% lower) in June 2023.
Plenty of buyers made quick decisions to tour homes and submit successful offers. As a result 46% of the homes were pending in 7 days or less, about the same as last month. Thus buyers should be prepared to act quickly in Carlsbad’s current housing market!
A number of Carlsbad buyers negotiated their home prices down from list price. However, more than half (62%) paid asking price or more for their homes, a few more than last month. Buyer competition continues, and it’s important to remember this when planning an offer strategy!
The median sales price for single family detached homes was $1,710,000, 2% lower than last month. The median price was $925,000 for condos, townhomes and duplexes, 8% lower than in May.
Inventory at the end of June (148) was up 16% from last month (128). List prices range from $640,000 to $25,000,000 for an oceanfront estate.
There is a 1.6 month supply of condos, townhomes and duplexes (up from 1.1 months last month). There is a supply of 1.7 months for single family homes (up from 1.5 months last month). The supply 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.
128 new listings came on the market in June, compared to 119 last month. 83 homes went pending (excluding homes that closed in June), versus 69 in May. It was busy month for Carlsbad buyers and sellers.
This overview of the Carlsbad housing market is based on data in the MLS. I can share more details for neighborhoods that are of interest, such as La Costa, Aviara, Bressi Ranch or Calavera Hills.
Please reach out to me directly or by text at (760) 840-1360 to discuss your housing needs, timing, lifestyle, budget, and questions. Together we can create an effective strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.