The Carlsbad Realtor February 2013 Short Sale Report provides a unique look at the current status of the Carlsbad real estate market in relation to short sales. In a report ran February 28, 2013 on Sandicor, San Diego’s Multiple Listing Service (“MLS”), there were 129 listings classified as Active, Contingent, Pending or Sold (since Janaury 1, 2013). According to the MLS there were 8 Active short sale listings on the market 4 detached, single-family residences and 4 condominium/townhomes. The Active listings ranged in price from $1,875,000 for a 6 bedroom 6 bathroom 5,610 square foot home to $289,000 for a 1 bedroom 2 bathroom 1,128 square foot condominium. The average listing price for the Active listings was $795,862 (median listing price of $591,950) and the average days on market was 106 days. The MLS reported that there were 62 Contingent listings on the market. Contingent listings are listings where the Seller has signed an offer from a buyer but where the lender has yet to approve the short sale. The Contingent listings ranged in price from $1,095,000 for a 5 bedroom 5 bathroom 3,708 square foot detached, single-family home to $119,000 for a 1 bedroom 1 bathroom 723 square foot condominium. The average Contingent sales price was $478,802 (median Contingent listing price was $459,500) and the average days on market was 135 days. There were 25 Pending listings on the market as of February 28, 2013. Pending listings are accepted offers with full lender short sale approval. Pending listings are in the normal escrow period associated with any real estate sales transaction. The 26 Pending listings ranged in price from $775,000 for a 5 bedroom 5 bathroom 3,663 square foot detached, single-family home to $125,000 for a 1 bedroom 2 bathroom 1,022 square foot condominium. The average Pending sales price was $449,657 (median Pending listing price was $405,000) and the average days on market was 100 days. Finally, there were 33 SOLD listings designated by Carlsbad Realtors as short sales since January 1, 2013. The SOLD listings ranged in price from $1,075,000 for a 5 bedroom 5 bathroom 4,608 square foot detached, single-family home to $160,000 for a 1 bedroom 2 bathroom 842 square foot condominium. The average sales price for the SOLD listings was $447,506 (median SOLD price of $424,900) and the average days on market was 132 days.
If you are looking to short sell your house and want to retain a Carlsbad Realtor please contact Michael Gaddis, J.D. a short sale expert that you can trust. Michael Gaddis, J.D. is a real estate broker and a licensed California attorney so you know that no matter what you have the best Carlsbad Realtor on your side. You can learn more about Michael Gaddis, J.D. by visiting his home page www.sdshortsaleattorney.com or by contacting him directly at 760-754-2121. To view previous short sale approvals procured by Michael Gaddis, J.D. please click the following link: http://sdshortsaleattorney.com/short-sales/approved-short-sale/