Recent Trends in the Carlsbad Real Estate Market
Finding a new home can be a long process. You’re looking for more than just four walls and a roof. Instead, you’re searching for a place you can call home, where you can run a business or raise a family, and where you’ll make memories for years to come. It’s a big decision, and that’s why researching market trends in the area in which you hope to live is such a critical task. If you’re looking at the Carlsbad area, here’s what’s been happening in the Carlsbad real estate market — and where it’s expected to go in the future.
Carlsbad Real Estate Market Overview
Zillow ranks Carlsbad a 9.2 out of 10 when it comes to market health, a rating that Zillow refers to as “very healthy”. It’s not hard to see why. Just over four percent of homes have negative equity, which is less than half the national average of 10.4 percent (as of March 31, 2017). Only half a percent of homes are delinquent on their mortgage, which is substantially less than the national average of 1.6 percent.
Carlsbad has enjoyed a rather dramatic upswing in home value over the last five years. In January 2012, the Carlsbad real estate market hit its lowest valuation point in 10 years with the median home price coming in somewhere between $520,000 and $600,000. Home prices have increased by 7.6 percent in the last year alone. Now, the median listing price for homes in the Carlsbad area is $899,950, and that’s expected to increase by another 2.5 percent by August 31, 2018.
Statistics and Demographics of the Carlsbad Real Estate Market
It’s no surprise that Carlsbad is so popular. With top-rated schools, some of the lowest crime rates in the state, and a thriving commerce center, Carlsbad is a dream city for families, retirees, and entrepreneurs alike. The market is competitive, but with the help of an experienced real estate agent you could be holding the keys to your dream home before you know it.
Living in Carlsbad, California
Living in Carlsbad, California is a dream for anyone who enjoys proximity to world-class beaches, unparalleled recreational experiences, and a vibrant community life. Residents of Carlsbad homes enjoy a classic Californian beachside lifestyle with the added comfort of small-town familiarity.