There are those of us who like to know general information about a subject, while others of us love to know all of the details and tid bits of information. For those of you in the second category, this post is for you!
Trendgraphix is a company that provides extremely detailed information about real estate markets throughout the country. We decided to utilize this tool to see what the market in Carlsbad looks like since the beginning of the year.
According to Trendgraphix, since January the inventory of homes priced from $300,000 - $999,999 in all four Carlsbad zip codes has fallen dramatically while sales have increased. We’ve gone from 3.1 months of inventory to 1.2 months of inventory. At this rate by year’s end we won’t have enough homes to keep up with demand.
This mirrors what we have been saying throughout the year - the real estate market is back!
By the way, if you would like this type of detailed analysis - even graphs - for any city or zip code, please let us know. We are happy to provide it for you!
Facts and Trends TM Published October 2012* Location: Carlsbad (92008-92011) Price Range: $300,000 - $999,999 SQFT Range: 0 - No Limit Property Types: All Res Prop Year Built: 0 - No Limit Prepared for you by: Bryan & Allison Devore Number of Homes For Sale vs. Sold vs. Pended (Jan. 2012 - Sep. 2012)Curnt vs. Prev Month Curnt vs. Prev 9 Months Sep. 12 Aug. 12 % Change Sep. 12 Jan. 12 % Change For Sale 184 243 -24.3% 184 362 -49.2% Sold 151 138 9.4% 151 81 86.4% Pended 157 149 5.4% 157 115 36.5% Months of Inventory Based on Pended Sales (Jan. 2012 - Sep. 2012)
Curnt vs. Prev Month Curnt vs. Prev 9 Months Sep. 12 Aug. 12 % Change Sep. 12 Jan. 12 % Change Months of Inventory (Pended Sales) 1.2 1.6 -28.1% 1.2 3.1 -62.8% Date 1/12 2/12 3/12 4/12 5/12 6/12 7/12 8/12 9/12 For Sale 362 344 312 285 252 253 248 243 184 New Listing 174 153 174 148 150 182 173 162 127 Sold 81 89 117 131 132 147 122 138 151 Pended 115 106 146 140 139 132 135 149 157 Months of Inventory (Closed Sales) 4.5 3.9 2.7 2.2 1.9 1.7 2 1.8 1.2 Months of Inventory (Pended Sales) 3.1 3.2 2.1 2 1.8 1.9 1.8 1.6 1.2 Absorption Rate (Closed Sales) % 22.4 25.9 37.5 46 52.4 58.1 49.2 56.8 82.1 Absorption Rate (Pended Sales) % 31.8 30.8 46.8 49.1 55.2 52.2 54.4 61.3 85.3 Avg. Active Price 612 625 635 646 649 638 656 660 657 Avg. Sold Price 575 577 569 564
