Bryan Devore's Carlsbad Real Estate Weekly Wrap-Up: 3/7/16

Welcome to my Carlsbad Real Estate Weekly Wrap-Up, where I present the homes that sold in our city over the past week. Also included in my Wrap-Up is the Altos Research Report. This report presents some excellent stats and answers the age-old question, ”How’s the market?” You can find the Altos Research Report in the photo section.

As we do each month, let’s take a look back at the sales for February compared to February of 2015:

2015

• Total sales - 100
• Average days on market - 56
• Average sales price - $676,304
• Average sales price/square foot - $329

2016

• Total sales - 89
• Average days on market - 36
• Average sales price - $705,140
• Average sales price/square foot - $362

In January prices were down year-over-year for the first time in a very long time.  February saw a return to the norm - prices were up 10% over February 2015.  Sales were down simply due to a lack of available inventory.  Buyers are out there, they're just not finding homes.  If you are a home buyer, are you experiencing this phenomenon?

Now, on to last week’s sales. During the week of 2/29/16 - 3/6/16 there were a total of 24 sales, an 8 sale increase over the week before. Click here to view brief details of each sale as well as a summary of all of the sales. All zip codes except 92010 experienced sales increases over the week before, led by 92011 with a huge 7 sale increase. Here is a breakdown of those sales, by zip code:

• 92008 - 3 (a 1 sale increase over the week before)
• 92009 - 12 (a 4 sale increase over the week before)
• 92010 - 1 (a 4 sale decrease from the week before)
• 92011 - 8 (a 7 sale increase over the week before)

Following are select sales from each of the zip codes. Click on the property address to see the details of each home:

92008

• 2221 David Place
• Pacific View Estates
• 3 bedrooms/2.5 bathrooms
• Approximately 2,295 square feet
• List price: $749,900 - $779,900
• Sales price: $754,000

92009

• 7904 Corte Felipe
• Santa Fe Ridge
• 4 bedrooms/3 bathrooms
• Approximately 2,346 square feet
• List price: $899,500
• Sales price: $898,000

92010

• 3463 Rich Field
• Calavera Hills
• 4 bedrooms/3 bathrooms
• Approximately 2,165 square feet
• List price: $739,950
• Sales price: $716,625

92011

• 6439 Kiwi Place
• Poinsettia Heights
• 2+ bedrooms/2.5 bathrooms
• Approximately 1,545 square feet
• List price: $569,900
• Sales price: $569,900

CalBRE #01397835