Market Activity May 1 -15, 2015
While the market is still very active, it is cooling off slightly after the previous month of high activity. Remember, to get up-to-the-moment notifications of the Calavera Hills real estate market, just signup for free email property alerts:
Signup for free Property Alerts
Here’s a summary of what happened in the past two weeks in Calavera Hills:
Click on any column header (Square Feet, Price, etc) to sort the table
| ADDRESS | SUBDIVISION | STATUS | BEDS/BATHS | SQ FT | SALE PRICE | DOM |
|---|---|---|---|---|---|---|
| 3678 Jetty Point | Mystic Point | Active | 3/2.5 | 1,390 | $482,000 | Since 4/6/15 |
| 2859 Andover Avenue | Villas | Active | 3/2 | 1,362 | $399,900 | Since 5/8/15 |
| 2936 Cliff Circle | Cliffs | Active | 3/2.5 | 1,553 | $624,900 - $649,900 | Since 5/14/15 |
| 3510 Stockton Pl | Knolls | Active | 4/2.5 | 2,016 | $634,900 | Since 5/14/15 |
| 2892 Lancaster | Cape | Back on Market | 4/2.5 | 1,724 | $489,000 | Since 4/15; BOM on 5/6 |
| 3506 Somerset Way | Villas | Back on Market | 3/2 | 1,362 | $380,000 | Since 4/1; BOM on 5/9 |
| 3506 Somerset Way | Villas | Pending | 3/2 | 1,362 | $380,000 | 27 |
| 2840 Hillsboro Court | Crest | Pending | 3/2 | 1,276 | $399,000 | 62 |
| 2831 Andover Ave | Villas | Pending | 3/2 | 1,362 | $375,000 - $390,00 | 56 |
| 3623 Harwich | Trails | Pending | 4/2.5 | 1,997 | $599,000 | 9 |
| 3485 Rich Field | Summerhouse | Price Change | 5/4 | 2,804 | $759,000 | Since 3/29/15 |
| 3718 Saddle | Capistrano | Price Change | 5/2.5 | 2,913 | $779,000 (down 10k) | Since 4/23/15 |
| Peninsula Dr | Mystic Point | Sold | 3/2.5 | 1,509 | $506,000 | 36 |
| Brandon Cir | Cape | Sold | 2/2.5 | 1,435 | $430,000 | 5 |
| Hastings | Trails | Sold | 3/2.5 | 1,362 | $480,000 | 7 |
| Jetty Point | Mystic Point | Sold | 3/2 | 1,509 | $487,500 | 4 |
| Glenbrook St | Trails | Sold | 3/2.5 | 1,362 | $495,000 | 5 |
Averages:
- Average Price of Sold Properties: $479,700
- Average Days on Market for Pending & Sold Properties: 19
Notes:
- Active and Pending “Sale Price” are last reported FOR SALE price, not SOLD price.
- If the property is marked as sold, the price displayed is the SOLD PRICE.
Summary
5 homes were sold in the past two weeks with another 4 under contract. There are currently 8 properties in Calavera Hills on the market. While the market is active, we are just down from peak activity from last month. However, there were a record number of homes this week that came on the market in Carlsbad, so don’t expect the market to suddenly drop off. I believe that the market will continue this trend over the next few months, and once school gets under way in the fall, we will see buyer activity drop off quite a bit.
From my research, it appears that interest rates are still predicted to rise over the course of the year, but at a fairly moderate rate. For a more in depth look at rates, check out this article on Interest Rate Forecast from Forbes.com. Those rising rates may motivate some buyers that are on the fence to buy now rather than face higher interest rates later.
|
Ready to make your own move? Please contact me for a free consultation: |
Or if you want to be emailed any time a property comes to the market: |
Related Links
Data from SANDICOR, Inc. for 1/1/13 through today and represents properties listed or sold by various brokers. If your property is currently listed this is not meant as a solicitation This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.