199 homes sold in Carlsbad in August, down 5% from last month but still a substantial number of sales in any month over the last 2 years! Here are the details:
Detached Homes Sold – 134 (6% more), averaging 21 days on the market; the average sales price was $1,156,243 (down 1%); the average sales price was 99% of the original asking price, so there was not a lot of negotiation.
Attached Homes (condos, town homes, twin homes) Sold – 65 (21% fewer), averaging 24 days on market; the average sales price was $600,754 (down 5%); the average sales price was 98% of original asking price
Overall Carlsbad home sales in August decreased from July; The average sales price was slightly lower for detached single family homes, and modestly lower for attached properties. Sales prices ranged from $294,600 to $2,100,000.
The average time on market (DOM) was shorter for both detached and attached home, only about 3 weeks. 49% of the homes went pending in 1 week or less, thus many buyers made decisions quickly to see homes and then made successful offers.
Carlsbad buyers, on average, negotiated 1 – 2% off the original asking price for their new homes. At the same, however, almost half of the home buyers (48%) paid asking price or better for their homes, a good indication of the competition happening in the market despite the pandemic.
The median sales price for detached homes was $1,100,000, up 1% from last month, and $590,000 for attached homes, down 4%.
Carlsbad’s current inventory is only 1.5 months for attached homes, and less than 1 month for detached, based on the rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ market based on current inventory and buyer demand, and became more competitive in August.
