Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for July 2010

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Real Estate Agent with Solutions Real Estate CalBRE Lic #01490977

Carlsbad Real Estate Market Report for July 2010

Carlsbad real estate market report

The Carlsbad real estate market continues to shift, and the statistics for July show a number of changes from the prior month. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.

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Media reports speak in general terms, so their information may not represent the reality of our local Carlsbad real estate market. Having data, and knowledge, about the local market conditions benefits you as the buyer or seller so you can make informed purchase and sale decisions. 

In July 2010 there were 127 Carlsbad homes sold (4 zipcodes), only 4 fewer than in June. Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

127 (down 2%)

88 (down 3%)

39 (no change)

Days on Market

63

50

92

Average Sales Price

$620,655 (up 3%)  

 $729,208 (up 4%)   

 $375,715 (up 2%)  

Average Sale$ / List$

97%

97%

98%

The total number of sales changed only slightly from the previous month. Average prices rose modestly across the board.

There were 104 properties (13% of the total) in Carlsbad at the end of July with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), 2 more than last month.

The overall inventory in the Carlsbad real estate market for the end of July (775 homes) rose again, up 4%, following an increase of 6% in June (the 4th month if increased inventory). This represents an inventory of 5.8 months for attached homes (down from 6.3 months last month) and 5.8 months for detached (compared to 6.3 months in June) based on the current rate of sales over the last 6 months.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

In July the number of new homes coming on the market was about 7% higher than in June; good news for buyers is that 241 new homes hit the market.  At the same time 24% fewer homes went pending (106) than last month.

This overview of the Carlsbad real estate market is based on information provided by the MLS. More details can be provided with regard to current activity as well as within the specific zip codes of Carlsbad.

READ MORE:

Carlsbad Homes for Sale - Carlsbad Real Estate Market Report for June 2010

Carlsbad Real Estate - Carlsbad Real Estate Market Report for May 2010

Carlsbad Real Estate - Carlsbad Real Estate Market Report for April 2010

Carlsbad Real Estate - Carlsbad Real Estate Market Report for March 2010

Carlsbad Real Estate - Carlsbad Real Estate Market Report for February 2010

Carlsbad Real Estate - Carlsbad Real Estate Market Report for January 2010

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Rainer
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Wendy McSteen
Spring Realty Inc. - Channahon, IL

Hi Jeff:  In the southwest suburbs of Chicago, there are so many people that would love to sell their home, but flat out refuse to put their home up for sale in this market.

Aug 07, 2010 12:44 PM #1
Rainmaker
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Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Very detailed report, I do appreciate you sharing your market area report with us.

Aug 07, 2010 12:46 PM #2
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Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

Wendy - I get that. Many probably should not unless the market is in their favor. I suspect there are many here that are waiting till pricing improves. especially in the higher price points.

Anthony - thanks. Hope it has some value to buyers adn sellers, too.

Jeff

Aug 07, 2010 01:30 PM #3
Rainmaker
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René Fabre
First American Title - Seattle, WA
New Media Marketing

I'm finding the same with inner city Seattle. July was roughly the same as June and prices appeared to be rising slightly. That's a pretty general statement I know. Some neighborhoods are a more attractive than others of course. In many of the Neighborhood Profiles I've done over the last month I'm finding most of the time current sales are around 2004 values... there's a bell curve from 2003/2004 upward to its peak in 2007 then back downward to 2010 with a flattening out or slight curve upward in the last 3 or 4 months. Thanks for sharing the stats...

Aug 07, 2010 02:28 PM #4
Rainmaker
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Robert Earl
Choice Homes Team - Lake Monticello, VA
The Earl of Real Estate

Great to contiue to see some stability in other parts of the country.  Great information.

McLean Virginia REALTOR

Aug 08, 2010 08:55 AM #5
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Jeff Dowler CRS

Carlsbad CA Homes for Sale (760) 840-1360
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