What’s the Value of My Carlsbad Home?
Carlsbad Market Report for April 2022
The Carlsbad real estate market continues to change, with shifts from last month and 1 year ago. These statistics do not include private sales, mobile homes or multi-family housing (the numbers are taken from the MLS and are believed to be accurate at the time they are reported but are not guaranteed).
Media reports speak in general terms, and do not reflect local Carlsbad housing market conditions. Current data, and analysis, about the local market conditions will benefit you so you can make educated buying and/or selling decisions about Carlsbad homes for sale.
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127 homes sold in Carlsbad in April (92008, 92009, 92010 and 92011), 22% more than in March, the 2nd increase! Here are the details:
Single Family Homes Sold
72 (up 22%); Average Days on Market was 9; Average Sales Price was $2,084,480 (up 3%); Average Sales Price was 112% of original asking price with 1 home selling at $700K over list price.
Condos, Townhomes & Duplexes Sold
55 (up 24%); Average Days on Market was 15; Average Sales Price was $958,635 (up by 4%); Average Sales Price was 107% of original asking price.
Overall Carlsbad home sales in April increased significantly from March. There were substantially more single family home sales, and condo, townhome and duplex sales. The average sales price rose modestly for single family homes, and for condos, townhomes and duplexes.
Sales prices in April ranged from $420,000 to $5,810,000. Marketing time was slightly shorter for single family homes at 9 days, and for condos, townhomes, and duplexes (15 days).
Compared to April 2021, there were 45% fewer sales of single family homes. And 27% fewer condos, townhomes and duplexes sold in April 2022. The average sales price year over year was 37% higher for single family homes (median price was 38% higher), and 24% higher for condos, townhomes and duplexes (median price was 32% higher) in April 2022.
A number of buyers decided quickly to tour homes and submitted successful offers; over half the homes (68%) went pending in 7 days or less! You must be prepared to move quickly in order to compete successfully in the Carlsbad housing market!
While some Carlsbad buyers negotiated the original list price down, 4 out of 5 buyers (83%), paid over asking price for their homes! This is a good indication of the competition, and important to remember if you plan to buy a home!
The median sales price for single family detached homes was $1,942,000, up 2% from March, and was $901,000 for condos, townhomes and duplexes, which was 8% higher than last month.
There were 11 homes in Carlsbad at the end of April with an Active Under Contract status, compared to 12 last month. These homes are technically still active but may not allow further showings or accept more back-up offers.
Inventory at the beginning of April (102) was 42% higher than that of March, and more good news for buyers. List prices range from $465,000 to $8,799,999. The Carlsbad inventory remains limited relative to demand, but showed more improvement in April.
There is a 24-day supply of condos, townhomes and duplexes (down from 27 days last month), and 1 month for single family homes (up from 22 days last month), based on the rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ housing market.
In April 144 new listings came on the market, compared to 141 in March, good news for buyers. In contrast, 95 homes went pending (excluding homes that closed), down 12% from last month. April was still a busy month for Carlsbad housing!
This overview of the Carlsbad housing market is based on data provided by the MLS. I can provide more details with regard to current activity, as well as for neighborhoods of Carlsbad that interest you, such as La Costa, Aviara, Bressi Ranch or Calavera Hills.
Please reach out directly or via text at (760) 840-1360 so we can discuss your housing needs, timing, lifestyle and budget, and any questions. Then we can develop a strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.