Carlsbad Real Estate 92008 Taking a Beating in 2008
San Diego Real Estate Blog
Carlsbad real estate has lost $140,000 in median home price value in a period of only 1 year. This data is from single family detached homes from San Diego MLS stats. I just finished running the closed comps from October 2007 to October 2008 and the stats are some 
of the worst in San Diego County. Yeah I know Carlsbad is Coastal and in North County and many agents have said this area will withstand the real estate storm in San Diego but boy have they ever been wrong.
October 2007 had 4 homes close escrow with a median price of $689,500 and an average price sold price of $761,500. I like to have more than four closed comps for accuracy but we will use what we have for this one year comparison of Carlsbad 92008 Homes. The highest closed comp in the 2007 data was $1,070,000 located on Tamarack and the lowest closed comp was $597,000 on Blenkarne Drive.
October 2008 shows some major drops in sold home prices. There were 13 homes that have closed escrow in October 2008 which shows that sales are up from last year in Carlsbad as it is throughout most areas of San Diego County. The median home price in Carlsbad 92008 was $549,500 which is $140,000 less than this time last year. The average sold home in October 2008 was $602,992 which is also a dismal $159,208 less than the numbers from only 1 year ago.
Many inexperienced or entrenched real estate agents were toting the invincibility of the Carlsbad area noting that only areas like Chula Vista or San Diego Inland areas would suffer this real estate downturn. They might want to second think their short sightedness and re-evaluate the Carlsbad area.
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