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.

 

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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Market Update: June 13th, 2011

Carlsbad's 92011 is experiencing higher levels of inventory that both seller's and buyers should take notice.  With over 125 homes for sale and 17 homes selling per month, the area has roughly 7 months of available homes to sell.  The average home in Carlsbad's 92011 is larger and more expensive than elsewhere in the city at 2,500 sq.ft for $700,000.

At the Lund Team, we take notice of how many homes there are to sell in select market areas.  The 92011 makes up Aviara, Poinsettia Park, West-I5, Water's End, Bay Collection - a number of very different communities.  

When inventory levels rise, we take notice as it means more competition. The average inventory levels in other areas of the city is between 4 and 5…

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KidsAreWorth 

Carlton, Tyson, Jennifer and baby Abigail stand with Valin Brown, CEO of Carlsbad Education Foundation.  The Lund Team has donated every year of the Kid's Are Worth A Million campaign.  The event raises money for Carlsbad schools and education. 

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The Lund Team,Inc secured one of the top 5 sales in Aviara for 2011.  1320 Corvidae Street in the Mar Fiore development, was sold off open-house.  Garrett Lund, who welcomed the buyer and his agent through, was told that they were looking exclusively for luxury single level homes...but decided to come in our of curiosity.  

Maybe it was the wine nitch...or the open space...

Either way, the buyer was smitten. After negotiating terms, Garrett shook the hands with the agent and escrow closed in 11 days. Final sales price was $1,000,000.

The other top 5 sales in Aviara for the year include:

4) Cassins St - Mar Fiore - $1,039,500 - March 25th 2011

3) Melodia Terrace - Isla Mar - $1,075,000 - March 3rd, 2011

2) Pelican st - Bella Lago - $1,300,000 -…

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