Jeff Dowler of RE/MAX Associates has been nice enough to publish the June 2007 wrap up of Carlsbad Real Estate data. We didn’t confirm it all, however, Jeff put the letters “Ph.D.” behind his name so he must know what he’s talking about, right?
Home prices are still down from where they were 1 year ago – off by about 1% for detached homes, and 5% down for attached. Buyer activity continues to be fairly strong, although there are many buyers who are out looking but not making a move to purchase. We are also seeing some low ball offers that do not go forward. I would pay attention to the interest rates since they have moved up some, but are still lower than 1 year ago.
He also breaks out the totals of how many homes were for sale (513 detched, 290 attached), how long they’ve taken to sell (58 to 69 days), etc. . . Check it out.
[Link: Jeff Dowler on Activerain.com]
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Hey thanks for the mention. I like to share the MLS stats with consumers so they have an idea of what is going on. But it is not the whole picture. Numbers are numbers, and keep in mind the data are based on homes that went into escrow 1-3 months ago. But overall the news is better for Carlsbad, especially in the 92009 area, than for some other San Diego County communities. For the best information, or any questions, I don’t mind sharing my thoughts.
It will be important to keep a watch on things over the next few months – interest rates, inventory, consumer confidence and other factors can impact the market in either direction. I expect any changes, at this time, to be pretty gradual.
Cheers!
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