Carlsbad Realtor: Aviara Market Report for March 2013

Every Carlsbad Realtor can tell that the real estate market is rapidly changing. At one time, if a Carlsbad Realtor searched Sandicor, the San Diego County Multiple Listing Service, the majority of the listings would either be real estate owned (REO), properties owned by a bank, or short sales. For years the Carlsbad real estate market consisted of distressed property sales. However, over the past few months Sandicor has indicated a dramatic switch from distressed property sales to equity sales. During the past few years perhaps no area in Carlsbad better withstood the housing crisis better than Aviara. So it is no surprise that according to Sandicor, as of March 19, 2013 there are only 2 listings designated by listing agents as being in the short sale process. The 2 listings include all Active, Contingent, Pending and Closed Listings since January 1, 2013. That is quite an amazing fact and it more than indicates that, at least for now, the Aviara real estate market has stabilized.

As of March 19, 2013 Sandicor indicated that there were 21 Active listings ranging in price from $2,425,000 for a 5,352 square foot 5 bedroom 6 bath single-family, detached home to $554,000 for a 1,663 square foot 2 bedroom 2 bath townhome. The average list price for the Active listings is $1,046,493 and the average days on market (DOM) is 71 days.

Sandicor has 1 listing designated by a Carlsbad Realtor as being Contingent. A Contingent listing is an Active listing where an offer has been accepted but is awaiting lender approval. Once lender approval is obtained the status of the listing is changed from Contingent to Pending. The Contingent listing is for a 4,872 square foot 5 bedroom 6 bath home listed for $1,499,000 which was on the market for 34 days.

Again, as of March 19, 2013, Sandicor has 20 Pending listings ranging in price from $1,350,000 for a 4,275 square foot 5 bedroom 5 bath single-family, home to $497,000 for a 1,707 square foot 2 bedroom 3 bath townhome. The average list price for the Pending listings is $803,111 and the average DOM was 28 days.

From January 1, 2013 through March 19, 2013, according to Sandicor, 22 properties have Sold in Aviara ranging in price from $2,100,000 for a 5,712 5 bedroom 6 bath single-family, detached home to $439,000 for a 1,481 square foot 2 bedroom 3 bath townhome. The average sale price for the Sold listings was $798,050 and the average DOM was 46 days.

The Carlsbad real state market, especially in Aviara, is definitely heating up right now due to the lack of inventory and apparent surplus of buyers.  With Spring and Summer around the corner which are traditionally the best times of the year to list a house for sale, the list prices for these Aviara homes for sale is surely to rise.  If you are looking to sell your home and are seeking a Carlsbad Realtor specializing in Aviara to assist you call Michael Gaddis, J.D. of Michael Gaddis, J.D. Realty Group at 760-754-2121 or email Michael at michael@michaelgaddis.com.

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