Home › Forums › Housing › Slow decline or is a big chunk about to be ripped out? › Carlsbad is begining to
Carlsbad is begining to crumble.
I hope we are past the argument that coastal is holding up. Here’s one data point that puts North Carlsbad back to early 2004 pricing.
Current Listings: 2351 Merwin – $679K – $286 sq/ft -Last Sale: $635K 1/04 5059 Ciardi – $650K – $271 sq/ft – Last Sale: $779K 12/05 3864 Stoneridge – $650K – $244 sq/ft -Last Sale: $735 – 4/05
Recent Comps: 5089 Lynch – $690K – $287 sq/ft – 9/07 4680 Meadow – $679 – $275 sq/ft – 9/07
Take Merwin down to $271 sq/ft and you are at $641K, just a smidge above 1/04 pricing.
