Carlsbad and General Market Summary:

Tyson Lund - Broker Associate , The Lund Team, Inc



Active real estate brokers are noticing a shift in the San Diego real estate market.  Many areas of the county are experiencing fewer homes for sale than in previous months. Professionals call this “inventory restriction” and it is having a noticeable affect on our local Carlsbad market.  An increase in the number of home buyer showings per available home.  Average time to sell in the current market for non-short sale property has dropped by 33% to 60 days average market time.  Brokers are finding multiple offers more common on their desirable listings with the seller achieving near 99% of their asking price.  Now although it is much to early to call…

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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…

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With North San Diego county feeling the effects of seasonal slowing (i.e less homebuyers buying), many homeowners consider waiting for spring to sell their property.  Here is a generalized argument for selling now:

  • Less competition from those unwilling to sell during the holidays creates an advantage.   Less competition means better chance to sell.

  • Low sales in winter set the "comparative sales" used by appraisers and brokers to gauge value.  Low foreclosure/short-sale sales will make it difficult for today’s highly cautious appraisers, buyers and brokers to approve higher sale values within a 6 month period. In short, get ahead of the curve.

  • Current low interest rates are encouraging to buyers.  Rates can fluctuate and change.  Higher…

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Popular HACIENDAS at RANCHO CARRILLO! Traditional sale! Striking Spanish Colonial architecture with highly upgraded interior. The gourmet kitchen: nook area, food preparation island with breakfast bar, gorgeous granite slab countertops, stainless steel appliances, built-in refrigerator. Bedroom and bath on first floor. Plantation shutters, hardwood floors, beautiful wrought iron stair railing. Private backyard with built-in BBQ and fire pit. PRICED UNDER $200/SF!

 

5 Bedroom + Bonus, 5.5 Bath and Approx. 4,345 sq. ft.

 

Complete video tour: http://www.youtube.com/lundteam#p/u/1/KZAk5ZL8ZZQ

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The Los Angeles Times

Mortgage rates hold steady, Freddie Mac survey says
The interest rate on a 30-year fixed mortgage held steady this week at a 60-year low while the 15-year fixed loan edged down to a new record low, mortgage finance company Freddie Mac said in its weekly rate snapshot.


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HousingWire

Five more years of housing problems, with some stability in local markets
The housing market remains shaky and is unlikely to deliver significant growth in prices over the next five years, according to a new survey of economists, real estate professionals and analysts.

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The Los Angeles Times

Sales of previously owned homes jump in August
The number of homes sold increased 7.7 percent in August compared with July and…

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http://www.youtube.com/watch?v=5bUbAclMs9U

5 Bedroom, 3 Bath and Approx. 2,888 sq. ft.

Popular Sandpiper at Aviara! Largest plan "The Club House" with 5BR/3BA. Lower-level bedroom currently used as home office. A large family area includes a gourmet kitchen with center work island and nook which is open to a spacious family room with fireplace. Formal living and dining rooms, dramatic volume/vaulted ceilings, full bathroom downstairs Private backyard with waterfall, elevated view deck, lush landscaping, patio area, and fire pit.

Call 760.438.0800 for additional information

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$1,275,000 - $1,350,000 - 3228 Sitio Montecillo, Carlsbad CA 92009

This 5 bedroom + library/5.5 bath residence is better than new with over $200,000 in upgrades and improvements! Large loggia, porch and second floor covered decks. Great curb appeal with entry portico. Four car split garage! .34 acre lot with spectacular pool and spa. Private and quiet cul-de-sac location with PANORAMIC area views.

 Video Tour... http://www.youtube.com/watch?v=7x0vqGSJOZ4

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