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Carlsbad, San Diego, Real Estate Market Trends and Community
Information, August 2006 by Real Estate Pros
COMMUNITY INFORMATION
Carlsbad is situated in the northern
coastal part of San Diego County within the state of California.
There are approximately 87,540 residents in this community and
34,052 households. The median age of residents is 38.89 years.
TEMPERATURE
The temperature in Carlsbad is relatively
moderate. The warmest time of year occurs in July during which
temperatures reach an average high of 69. The coldest time of year
occurs in December with average temperatures falling to 55F.
HOME AND REAL ESTATE PRICES
The housing options in Carlsbad include
single-family homes and properties, condominiums, townhouses, and
apartments. The price of housing is as follows:
· One bedroom townhouse/condominium start
in the mid $200,000s.
· Two bedroom townhouse/condominium start
in the high $200,000s.
· Three bedroom townhouse/condominium
start in the high $300,000s.
· Two bedroom single-family homes start
in the mid $300,000s.
· Three bedroom single-family homes start
in the high $300,000s.
· Four bedroom single-family homes start
in the mid $500,000s.
REAL ESTATE MARKET TRENDS
As with most products and services in the
United States, price shifts in the real estate industry are subject
to the forces of supply and demand. Whether it's a buyers market or
a seller's market, it is useful to evaluate home sales data for the
most recent month available (June 2006), compared against the same
period in the previous year (June 2005).
The median price of single-family homes
dropped from $783,900 in June 2005 to $749,900 in June 2006, which
represents a 4.3% decline. Fewer more homes sold in June 2006 (49
homes) than in June 2005 (95 homes). The average time to sell a home
increased from 39 days in June 2005 to 58 days in June 2006.
The median price of condominiums and
townhomes decreased from $481,000 in June 2005 to $434,500 in June
2006, which represents a 9.7% decline. Fewer units sold in June 2006
(36 units) than in June 2005 (84 units). The average time to sell a
unit increased from 43 days in June 2005 to 58 days in June 2006.
Homebuyers and home sellers should keep
in mind that the data above is simply a snapshot in time. Therefore,
the data must be evaluated over a longer duration to understand
enduring market trends.
About the Author
San Diego Real Estate Market Trends Data Source Pacific Beach Real Estate
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