Here’s the Carlsbad Market Report for September 2023. And here’s a link to the market report for August for comparison.
The Carlsbad real estate market continues to shift, with changes from August and 1 year ago. Private sales, mobile homes and multi-family housing information is not included. The data are taken from the MLS and believed accurate when reported but are not guaranteed.
Unfortunately, media reports speak in generalities. As a result they do not reflect local Carlsbad housing market conditions (read more – How Local IS Local?). Up-to-date information and analysis about local market conditions benefits you when you need to make important buying and/or selling decisions.
89 homes sold in Carlsbad in September, 5% fewer sales than last month.
MARKET REPORT DETAILS
Single Family Homes Sold – 55 (down by 2). 26 Average Days on Market. The Average Sales Price was $1,627,933 (down 10%). Average Sales Price was 97% of original asking price.
Condos, Townhomes & Duplexes Sold – 34 (down by 3). 20 Average Days on Market. The Average Sales Price was $970,879 (up 1%). Average Sales Price was 100% of original asking price.
Overall Carlsbad home sales in September dropped modestly from August. There were 2 fewer single family home sales, and 3 fewer condo, townhome and duplex sales. The average sales price decreased for single family homes, but was slightly higher for condos, townhomes and duplexes. September sales prices ranged from $528,000 to $4,050,000.
The average marketing time was 9 days longer for single family homes, but 3 days longer for condos, townhomes, and duplexes.
Compared to September 2022, there were 2 fewer sales of single family homes in 2023. 29% fewer condos, townhomes and duplexes sold in September 2023 than 1 year ago. The average sales price was 1% higher for single family homes in 2023 versus 2022 (median price was 12% higher). Average sales price was 4% lower for condos, townhomes and duplexes (median price was 7% higher) in September 2023.
A number of buyers made prompt decisions to tour homes and submit successful offers. 29% of the homes went pending in 7 days or less. As a result, it’s a good idea for buyers to be prepared for making decisions quickly in Carlsbad’s housing market!
Plenty of Carlsbad buyers negotiated their home prices. However, about half (49%) paid asking price or more for their homes, down from 65% last month. Buyer competition remains an issue. Thus, it’s important to keep this in mind when planning your offer strategy!
The median sales price for single family detached homes was $1,550,000, 3% higher than last month. The median was $900,000 for condos, townhomes and duplexes, 3% higher than in August.
Inventory at the end of September (139) was down from last month (149). List prices range from $577,777 to $25,000,000 for an oceanfront property.
There is a 1.6 month supply of condos, townhomes and duplexes (the same as last month). There is a 1.3 month supply for single family homes (down from 1.5 months last month). These are based on the rate of sales over the last 3 months. As a result Carlsbad remains a very strong sellers’ housing market.
85 new listings came on the market in September, versus 96 last month. 60 homes went pending (excluding homes that closed in September), compared to 67 in August. It was a relatively busy month for Carlsbad buyers and sellers.
This overview of the Carlsbad housing market is based on information from the MLS. I can share more details regarding current activity, including Carlsbad neighborhoods such as La Costa, Aviara, Bressi Ranch or Calavera Hills.
Please reach out directly or by text at (760) 840-1360 to discuss your specific housing needs, timing, lifestyle, budget, and questions. Together we can develop a strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.