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.
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?
Keller Williams Realty Carlsbad