(Newswire.net — July 17, 2014) Encinitas, California — Median prices of Carlsbad houses and condos have increased from $625,000 to $695,500 from June 2013 to June 2014. Carlsbad, California home prices also surpassed, by $1000, the highest point in Carlsbad home price history which was set in April 2006.
That trend of increasing home prices is expected to continue due to the strong pent up demand for Carlsbad houses and condos. There were 165 Carlsbad houses and condos sold in June of 2014. There are only 396 Carlsbad houses and condos currently available for sale. This is about a 2 month supply of housing inventory for the Carlsbad area. A 5 to 6 month supply is considered a balanced home buyer/home seller market. The overall San Diego real estate market is currently almost at a 3 month supply.
For those interested in the prices of homes in Carlsbad, simply click here and search for the active listings in the area.
It is still possible to find good values in Carlsbad, but you need an experienced Carlsbad agent who understands the Carlsbad real estate market. Interested buyers also shouldn’t wait on the sidelines too long, as the median time a Carlsbad home is on the market is only 14 days. Many homes in the area sell within a few days of being listed.
Though Carlsbad home values have appreciated, home buyers should make sure they do not overpay for a home. Currently, not everybody is paying full price of a home. In June 2014, the asking price to sale price was 98%. Over the last year, this has ranged from 98% to 100% of asking price. We are seeing multiple offers on many homes that are priced realistically.
Dennis Smith of RE/Max By the Sea in Carlsbad says “In my 20 years of working in and around the Carlsbad home market, I have watched the prices go up twice. This is an exciting time for sellers who, for the most part, are no longer underwater with their mortgages. It is a great time for Carlsbad home sellers who have been waiting for 8 years to finally make the needed move-up, move down or sideways, now that they have equity.”
For buyers interested in the Carlsbad area, there are many useful tools to make your home search easier and find your dream home quicker. Have you ever driven by a house or condo and wondered how much it is and there were no flyers in the box? What about not wanting to call the listing agent because you do not want to bother him/her because it was late? Well, now there is a free iPhone/iPad app to help you out. Simply click on this link and use code 13423, which is for all of San Diego County. Another property search app prospective buyers can use can be found here through RE/Max and works on Android and Apple devices. On this site, by entering the code 218942, prospective buyers can search for homes throughout California.
For Carlsbad home owners who are curious about the value of their homes, WWW.WhatIsMyCarlsbadHomeWorth.com, is a great cost and obligation free resource.
To connect with Dennis Smith on social media, click on any of the following links: