Home Buying in 92056>Question Details

Verena Robin…, Real Estate Pro in Mammoth Lakes, CA

How is the market in Carlsbad and Oceanside for condos? How are inventory levels?

Asked by Verena Robinson, Mammoth Lakes, CA Fri Aug 31, 2012

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In the last 3 months, on average 43 condos have sold per month in Oceanside and there are 82 currently Active. Prices are up about 6% from a year ago and market time hasn't changed too much(short sales skew the days on market data).

For Carlsbad, 51 sell per month and there are 86 Active so inventory levels are similar and both indicate a seller's market. Prices are up about 3% year over year, and days on the market is down about 15%.

Overall, Carlsbad is a more stable market than Oceanside, but condos in both cities experienced greater price drops than single family homes.
1 vote Thank Flag Link Tue Sep 25, 2012
Inventory is low, especially in Carlsbad.

Any decent condo in either city is getting multiple offers 10+ and they are going Contingent very quickly. Owners and tenants are bombarded with 50 + calls to show the listed properties. Often times they must request highest and best to sift through the myriad of offers.

But I say "decent" condo - meaning that my clients are looking for 2b or 3b with 2baths and a garage in a SAFE area.

In addition to low inventory, most of the units are Short Sales - and some are requiring the Buyer to pay for Short Sale Negotiator, some require the Buyer pay for HOA delinquency, some require pre-qual through a specific lender buddy, and most have reduced commissions (even on equity sale).

It's a race to get into the new listing and get an offer written in first 2 days of many listings.
But of course, there are some undesireable units that linger on the market.

Hope that helps?
Tiffany Boyd,
Keller Williams Realty Carlsbad
0 votes Thank Flag Link Sat Sep 1, 2012
Carlsbad does have more inventory than Oceanside but that's not saying a lot. Inventory has been extremely low this summer and multiple offers prevail at most of the lower price ranges. Are you int he market for a home? What can I do to assist you?

Take care.
0 votes Thank Flag Link Sat Sep 1, 2012
There are quiet a decent amount of condos available in carlsbad and oceanside. If we talk about the market, oceanside and carlsbad have a significant amount of difference in numbers between 2 area. Oceanside has fewer inventory than carlsbad. Are you planning on moving into the area?
Web Reference: http://www.cecilbettis.com
0 votes Thank Flag Link Sat Sep 1, 2012
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