Carlsbad is a coastal resort city found in the North San Diego County area of beautiful Southern California. The city was incorporated in 1952, and with a 2009 population estimated to be around 105,000 it is also one of the most prestigious areas to live in Southern California with one of the highest income of residents in the United States. Carlsbad has voted for regulation to protect surrounding wildlife habitation, one of the first municipalities in the State of California to do so. The city has also vowed to defend a particular amount of land within the city limits from builders of any kind. Moreover, the city spends considerable amounts of money to repair habitats damaged by recent improvement projects.
Carlsbad is located between the major cities of San Diego and Los Angeles. Its coastal setting, picturesque splendor, small population density, booming business sector, large quantity of upscale housing, and high quality school districts have made Carlsbad one of the most pricey real estate markets in the United States. Land in Carlsbad is not only in low supply but also very sought after. As such, real estate in Carlsbad demands lofty prices even by Southern California standards with average home values near the $700,000 range.
Affordability is a concern in the Carlsbad real estate market. Moreover, it has been estimated that less than 10% of the United States population can manage to afford and pay for the median priced home in the certain areas of Carlsbad, as reported by the California Association of REALTORS. Some of the most prestigious areas in Carlsbad include the exclusive neighborhoods near the south side costal area and the Aviara area which is to the west. Homes in these areas have a tendency to be larger which is relevant in the amount of money they cost. With the current inventory of homes on the market in Carlsbad, purchasing a home here now may be a excellent choice depending on your state of affairs and financial arrangements.
Currently there are about 200 detached homes on the market in Carlsbad. On the most part, the inventory ranges in price from $450,000 to $2,500,000, with the exception of some outliers. Occasionally high end homes, offered in the $3 million to $5 million range, come on the market as well. In 2006 the median price was around $850,000, with an average price of nearly $900,000. Prices have appreciated considerably since 2001, but the recent market downturn has given prospective buyers a chance to take advantage of affordable prices, at least for this area.
The Eisendrath Team Inc. has over 30 years of experience in Carlsbad and the north county San Diego areas. They have been top producing brokers for companies such as Prudential, Re/Max and Coldwell Banker. For all your real estate needs visit Carlsbad Real Estate. Here you will find useful information about real estate in Carlsbad, California.
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