Carlsbad real estate market

The Carlsbad real estate market, a subset of the larger Southern California real estate market, has been showing signs of recovery in recent months. According to an April 21, 2010 article in the Los Angeles Times, “The California foreclosure crisis appears to be abating, new data show, as the federal government and big lenders step up efforts to keep troubled borrowers in their homes.” The article, composed by Alejandro Lazo, continued to say that “Mortgage default notices – the first step toward foreclosure – plunged 40.2% statewide in the first three months of the year compared with the same period in 2009, according to San Diego research firm MDA DataQuick.” These general trends for the state of California also extend to the Southern California region, the San Diego area, and Carlsbad specifically.

The average cost for Carlsbad homes for sale, as well as the rest of Southern California, increased substantially according to an April 14, 2010 article in the Los Angeles Times. The piece found that “Southern California’s housing market showed fresh signs of momentum in March with the median price and sales pace improving from the same month a year earlier as buyers hurried to take advantage of a soon-to-expire federal tax incentive, cheap prices and low interest rates.” The article, written by Alejandro Lazo, continued to say that “The median price paid for new and previously occupied houses and condominiums in Southern California jumped 14% in March to $285,000 from the same month a year earlier, according to San Diego real estate research firm MDA DataQuick. The closely watched median – the price at which half the homes sold for more money and half for less – rose 3.6% from February.”

A generally positive trend for Carlsbad real estate and the Southern California market in general was reported by an April 15, 2010 article in the Central Valley Business Times. This piece noted that “Home sales and prices continued a steady but pokey climb up from the bottom in Southern California last month as buyers scrambled to take advantage of low prices and low mortgage interest rates, says a report from MDA DataQuick of La Jolla, a real estate information company.”