Carlsbad, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION
In the northern coastal region of San Diego County is Carlsbad. There are about 87,540 residents with their median age at about 38.89 years and about 34,052 households.
TEMPERATURE
The temperature in Carlsbad is moderate, with the warmest temperatures averaging 69°F. The coldest time of the year is December with temperatures averaging to about 55°F.
HOME AND REAL ESTATE PRICES
There are many types of homes in Carlsbad including single-family homes and condominiums. The following are recent trends in housing prices.
·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
Real estate price shifts are influenced by supply and demand. Compare the most recent home sales data (June 2006) against the data in the same period the previous year, (June 2005) is beneficial, regardless of the state of the market. Keep in mind that this data is only a small picture of a long period of time. To get a more accurate view of the market trends, data should be taken from over a long period of time.
Single-family homes dropped 4.3% from an average of $783,900 to $749,900 from June 2005 to June 2006. Less homes were sold in this same time period, as in June 2005, 95 homes were sold, while only 49 were sold in June 2006.  The average time to sell a home rose from 39 days to 58 days in this same time period.
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.
The prices of condominiums and town-homes decreased 9.7% from $481,000 to $434,000 and unit sales decreased from 84 units to 36 units. The average time to sell a unit increased from 43 days to 58 days.