The 2018 housing market in Carlsbad, CA for detached single family homes was an active one, with some shifts as compared to 2017 in terms of the volume of sales and average prices.
BUYER AND SELLER RESOURCES:
If you are considering buying or selling a house in Carlsbad, or elsewhere in North San Diego County, here are some resources you might find useful:
Home Buying Tips and Advice (series of 23 videos on my YouTube Channel)
Home Selling Tips and Advice (series of 21 videos)
Relocation Tips and Advice (series of 19 videos)
Home Buyer Guide (free download)
Home Seller Guide (free download)
Information about My Heroes Home Advantage Program (Facebook page)
2018 HOUSING MARKET FOR CARLSBAD:
1012 detached single family homes sold in 2018 (down 15% from 2017 and 10% fewer than in 2016).
Average prices continued to increase during 2018 as they did in 2017 and have been for a number of years. The average sales price for 2018 was $1,124,499 for detached single family homes (up 9% from 2017, and up 18% from 2016 sales).
Detached single family home prices ranged from $507,000 up to $11,500,000 for a gorgeous contemporary oceanfront home in Carlsbad Village.
The average marketing time in 2018 for was 32 days (about the same as in 2017 at 34 days). 32% of the single family homes went pending in 7 days or less, so many homes moved quickly in 2018.
4% of the homes sold, according to the MLS were new construction in communities like The Preserve and Robertson Ranch. Some new build home sales may NOT have been reported by builders in the MLS.
The Median Sales Price for a detached single family home in 2018 was $1,000,000, which was an increase by 6% from 2017 and 16% from 2016.
22% of the single family detached homes sold for cash, a little higher than in 2017.
Homes sold, on average, at 97% of the asking price respectively, so buyers were able to negotiate, on average, 3% off the asking price. However, there were plenty of Carlsbad home buyers who paid asking price or better for their homes during 2018; in one month 50% or buyers did so.
Based on supply and demand at the end of December we have only 2.1 months of inventory of single family detached homes, a very strong sellers market – keep in mind this may vary by price point with less competition for more expensive home.
If I can provide more details about the Carlsbad housing market, or regarding specific neighborhoods or zip codes, OR you would like to discuss your housing needs, lifestyle and budget, let’s set a time to talk so we can plan a buying strategy to get you into a Carlsbad house in 2018!
Call me at (760) 840-1360 so we can get started before the spring market – it’s already getting busier than it was during the holidays.
If you are planning to sell your Carlsbad home sometime in 2019, it’s time to talk about the local market conditions and how they affect your sale, your home’s market value, and what needs to be done to sell it for the best possible price.