Carlsbad Homes For Sale - Market Update
Posted by The Cascade Team Real Estate on Thursday, August 16th, 2012 at 7:47am.
There are currently 369 single family residential Carlsbad homes for sale at a median price of $725,000, with an average of 106 days on market; up 26 days from the last report. Days on market has begun to improve over the last few weeks, however 32% of all listed properties had a price decrease in the last seven days, while 6% of the homes in Carlsbad had a price increase. Inventory levels have been relatively consistent given the current sell through rate, and overall days on market are currently trending down. Recently, the seven day moving price average recently made a strong move up away from the 90 day moving average, which would suggest that price stabilization is starting and short term prices are on the rise in the Carlsbad housing market.
Home inventory has been increasing lately, and the market appears to be cooling off just a bit, despite the uptick in average home prices. Housing inventory overall had a slight decrease over the prior week, with currently active MLS listings in San Diego County sitting at 10765 residential & condo homes. There have been 24 new homes listed for sale in Carlsbad in the last seven days, with 10 of the 24 being priced above $600,000. The uptick in Carlsbad home price trend may be a result of improved quality (newer, larger homes) of the homes currently being listed for sale.
Lastly, we have seen a slowing in the number or closing as we fell below 100 closed homes in Carlsbad in the last 90 days, hitting a total of 99. To get an idea of what your home may be worth, take a look at the sold homes in your neighborhood; this is what banks look at to determine fair market value for home purchases and re-finances.
To see current rates, check out our home loan partner at the bottom of this page. Local Carlsbad home market conditions are still favoring home buyers, and based on current interest rates it is a great time to purchase a home in the Carlsbad area.
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