Carlsbad Realtor: Bressi Ranch Homes For Sale Update as of March of 2013

Carlsbad Realtor Report for Bressi Ranch as of March of 2013.  The Carlsbad Real Estate market is definitely heating up and becoming more competitive.  The low level of inventory has caused a “feeding frenzy” of sorts with most listings receiving multiple offers within 24 hours or less of being listed.  The buyer pool seems to consist of both all cash investors and home buyers.  Provided that the listing is priced appropriately a homeowner can expect significant showing activity.  Unlike during the past few years buyers seem to be making offers at the asking price or significantly higher in order to get their offers noticed.  Some buyers are even offering to pay some or all of the seller’s sales expenses.  It is definitely and interesting time to be a Carlsbad Realtor.

According to Sandicor, San Diego Counties Multiple Listing Service (“MLS”), as of March 14, 2013 there were just 7 Active listings in Bressi Ranch.  The Active list price for the Active listings ranged in price from $1,850,000 for a 6,219 square foot 5 bedroom 7 bath single-family home to $243,375 for a 1,098 square foot 3 bedroom 2 bath townhome.  The average sales price for the 7 Active listings was $990,482 while the median price was $970,000.  The average days on market for the Active listings was 82 days but that was largely skewed by the fact that the $1,850,000 has been active for 229 days.  If you take out the market time for this listing the average days on market for the remaining 6 Active listings was only 57 days.  In addition to the 7 active listings Bressi Ranch currently has 6 listings classified as Contingent.  Contingent listings are listings where an offer has been accepted but lender or court approval is needed.  The 6 Contingent listings ranged in price from $669,500 for a 3,397 square foot 4 bedroom 5 bath single-family home to $550,000 for a 2,782 square foot 3 bedroom 3 bath single-family home.  The average list price for the Contingent listings was $614,065 and the Median price was $627,450.  The average days on market for the Contingent listings was 34 days. As of this date there were 10 Pending listings in Bressi Ranch ranging in price from $990,000 for a 4,598 square foot 4 bedroom 5 bath single-family home to $198,640 for a 879 square foot 2 bedroom 1 bath condominium.  The average Pending listing price was $676,552 and the median Pending listing price was $669,450.  The average days on market for the Pending listings was 62 days.  From January 1, 2013 through March 14, 2013 6 properties were Sold in Bressi Ranch ranging in price from $798,700 for a 4,608 square foot 5 bedroom 5 bath single-family home to $608,000 for a 3,019 square foot 4 bedroom 4 bath single-family home.  The average sales price for the 6 Sold listings in Bressi Ranch for this period was $701,766 and the median Sold price was $709,950.  The average size home for the sold listings was 3,585 square feet.  The average days on market for the Sold listings was 113 days.  The average price per square foot for the Sold Bressi Ranch listings was $201.23.

The Bressi Ranch Real Estate market is definitely competitive right now due to the lack of inventory and surplus of buyers.  If you are looking to sell your home and are seeking a Carlsbad Realtor specializing in Bressi Ranch to assist you call Michael Gaddis, J.D. of Michael Gaddis, J.D. Realty Group at 760-754-2121 or email at michael@michaelgaddis.com.

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