Monthly sold reports and older Carlsbad posts in one place. For the latest picture, open the newest “What Sold in Carlsbad” entry. Neighborhood pages and active listings live on the main site.
Found 64 entries about Carlsbad Market Notes.
Bressi Ranch did not disappoint with another festive year of holiday lights and community events. THE Mr. and Mrs Claus made an appearance at the Bressi Ranch community center with holiday music, hot coco and face painting thanks to the extra efforts of the Bressi Ranch social committee. Â
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This is the October 2012 article for the Carlsbad Business Journal. Â -Tyson Lund
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Fewer homes for sale amidst falling mortgage rates has left North County San Diego’s real estate market in a temporary seller’s market.  A 'sellers market' is defined as a time period when buyer demand for housing exceeds available supply.  A sellers market gives those selling property an opportunity to secure a higher price, sell faster and/or negotiate superior terms than compared to recent comparable sales.   And although only a fraction of the strength of the extreme sellers market 2004-2005 and possibly only temporary, the current sellers market is being confirmed with several key metrics used daily by real estate practitioners.. Â
Experienced…
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We here at The Lund Team continually look at the ever-changing reams of data for home sales in North San Diego County. Personally, what I find most interesting is the ever shrinking number of REO property during 2012. REO means real estate owned and is an acronym for a foreclosure home. Â Short sale homes continue to be a significant part of the coastal real estate market. Â find out what a short sale is here.
For the following zip codes: (92007,92008,92009,92010,92011,92013,92018,92023,92024)
| Territory Market Recap* | ||||||||
|---|---|---|---|---|---|---|---|---|
| Â | Active | In-Escrow | Closed (List Side) | Total | ||||
| REO | 47 | 3.8% | 60 | 9.8% | 845 | 20.5% | 952 | 15.9% |
| Short | 514 | 41.3% | 130 | 21.3% | 845 | 20.5% | 1489 | 24.9% |
| Resale | … | |||||||
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If your looking in La Costa for something special...
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Home many short Sales, foreclosure homes and resale homes make up the coastal market?
We have many clients that are curious about foreclosure & Short Sales - and how much they make up of the current market. The numbers below are for a 12 month period. Below, you can see REO property is currently shrinking and short-sale home increasing. This is due to more people short-selling as opposed to letting the bank foreclose. Resale homes, or traditional homes, still make up a majority of the marketplace on the coast. (Want more info? Contact Tyson Lund)
For the following cities: (Carlsbad, Encinitas, Cardiff)
| Territory Market Recap* | ||||||||
|---|---|---|---|---|---|---|---|---|
| Active | In-Escrow | Closed (List Side) | Total | |||||
| REO | 75 | 5.6% | 109 | 16.8% | 894 | 22.1% | 1078 | … |
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Brookfield homes is seeing this community through and have beautiful homes now available from the mid $500s+.  Rockrose features four elegant floor plans including a single story residence. Floor plans range from 3 bed/ 2 bath (2,116sq ft) to 4 bed/4.5 bath/+ bonus room (3,167sq ft).
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Call the Lund Team, Inc for more information on currently available homes, mello-roos, neighborhood information - as well as a Top 10 Construction Do's and Don'ts!
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Carlsbad condominium and town home sales are robust in 2012. Carlsbad saw an average 50 units sell a month in April versus an average of 25 in 4th quarter 2011. The results of continued low mortgage rates and reduced inventory, Carlsbad condo's are securing 98% of asking price with the average 2 bedroom, 2 bath 1,400 sq.ft. condo selling for $324,000. Average time on market is around 51 days for traditional sale property, a time that has moved down from 55 days in previous months. Average sale prices have remained relatively unchanged since 2011. Similar to single family homes, condos are become more scarce in 2012. Month(s) of sellable inventory for condos in Carlsbad is 2.2 months. Search Carlsbad Condo and townhome properties for sale
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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. Â 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. Â 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. Â Brokers are finding
multiple offers more common on their desirable listings with the seller
achieving near 99% of their asking price. Â 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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