Carlsbad Real Estate And Housing Update
Posted by The Cascade Team Real Estate on Thursday, May 24th, 2012 at 11:28am.
There are currently 389 single family residential Carlsbad homes for sale at a median price of $712,500, with an average of 132 days on market; up 4 days from the last report. Days on market have held fairly steady over the last few weeks, however 33% of all listed properties had a price decrease in the last seven days, while 10% 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 trending flat to slightly 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 lightening lately, and with the Both the 90 and 7 day moving averages showing an upward pattern, this is a positive indication for the market. Housing inventory overall had a slight decrease over the prior week, with currently active MLS listings in San Diego County sitting at 11395 residential & condo homes. There have been 24 new homes listed for sale in Carlsbad in the last seven days, with 9 of the 24 being priced above $600,000.
Lastly, we have seen a consistent trend with sold homes, as we again show 111 sold homes in Carlsbad over the last 90 days, up 11 sold homes from the last report. This is a good sign that sold inventory is climbing. 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.
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