Low interest rates are boosting lower priced home sales and there is some softening in higher priced homes in desirable Carlsbad, California, say local Realtors.
"Oceanside to the north, Vista and San Marcos to the east, Encinitas to the south and the ocean to the west," say Realtors Dennis and Sunshine Smith, "this is a growing North San Diego Coastal community with good job availability, high quality of life, good schools and low crime. It's also rated one of the best places in the U.S. to retire."
"Detached homes start in the mid to high $300's and condos start in the low $200's," explain the Smiths. "The low end of the price range on both is experiencing a good sellers market (rising prices). The higher end in houses is seeing some softening. Low inventory is helping the sellers in condos & lower priced houses. The San Diego area inventory is a little above its lowest since the buying frenzy of April 2000. The extremely low interest rates have encouraged buyers to make decisions. The multiple offer frenzies of 1997-2000 are still being seen, especially in the low to mid price ranges. We expect it to continue this year."
Say Realtors Roberta and Mike Murphy, "Carlsbad is an easy-living community graced with beaches, community parks, Legoland, Flower Fields, a great school system and wonderful neighborhoods."
"Low interest rates and fears they might be rising seem to be contributing to a vibrant start for 2003," suggest the Murphys. "Inventory levels are currently healthy, with 228 detached homes available, ranging in price from $200,000 to $6 million. The condo market is strong, with 145 available units and prices ranging from $200,000 to $800,000."
"Carlsbad is a desirable coastal community with near ideal climate, charming downtown area, good schools, and it is close to local attractions," says Realtor Arthur Chatroo. "It's also a popular retirement community."
He advises, "The Carlsbad market is continuing to maintain a strong sales pace, although the number of days on the market has increased, and prices appear to have leveled off, especially in the higher price ranges."
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Published: February 7, 2003
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