Carlsbad housing real estate market
The Carlsbad housing market, part of the larger San Diego County real estate market, saw consistent signs of improvement along with the rest of the Golden State. According to a July 7, 2010 report from Sight on San Diego, “San Diego County’s home prices rose 7 percent in May from the previous year, the second highest year-over-year increase in the country, according to the real estate website zillow.com. Nationwide, home prices dropped 3.8 percent in the same time period. The Seattle-based company comes up with its home-value index by looking not only at homes that have sold but also pending sales as well as homes that are not on the market. In San Diego County, the median home price was $375,400, a 1 percent increase from the previous month. Of course, that’s down 30.1 percent from the peak median price of $538,200 in October 2005. Here is the breakdown of Zillow’s numbers, which it releases every month, and how they compare with other home-price statistics: How do we rank? In terms of price increases, San Diego County is second only to the Virginia Beach, Va., metro area. When compared with major metro areas, San Diego is No. 1. Next are San Francisco with a 5.9 percent increase, Los Angeles with a 5.3 increase, San Jose and Santa Barbara each with a 4.7 increase. If the list seems a little California-centric, it is. Of the top 10 markets, six of them are in the Golden State. How about in terms of home price? San Diego has the ninth highest median home price.”
Carlsbad houses for sale were caught up in the larger trends of the San Diego housing market throughout recent months. San Diego County saw some of the most consistent and largest gains in the entirety of the country. The Carlsbad real estate market saw several straight months of increasing median prices, as well as decreases in foreclosures and increased sales volumes. The entirety of the Golden State has been rallying strongly in the most recent tracking periods, although it is not entirely clear what was the result of the federal tax credit and what was part of the natural economic cycle.
