Carlsbad Condo Stats For 2012

Carlsbad condominium and town home sold values remain unchanged through 2011 and early 2012.  Thanks in part to low mortgage rates and greater affordability, attached property has found a pricing equilibrium.  The average attached sale in Carlsbad between November 2011 and January 2012 remain relatively unchanged from a year prior at $326,000.  Home buyers found with record low mortgage rates (currently below 4% for 30 year fixed rate) the cost of owning a condo / townhome was often equal or better to paying current rents.  Average time on market is around 55 days for traditional sale property.  Short-sale’s are a large part of the attached market in Carlsbad making up 40% of the active inventory.  Short-sales, ever the oxymoron, are averaging 155 days on market to sell.  

For more information on buying, selling or investing in Carlsbad Real Estate, please call Tyson Lund (760) 438-0800.