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.