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Sales Activity: Sales activity in Carlsbad heated up slightly. There were 86 closed sales duringthe past month, raising the total number of closings year-to-date from 516 to 602 throughAugust 15, 2011. The number of homes in escrow decreased by 16 ; decreasing from 242 to226. Of those, 82 are contingent sales, the majority of which are “Short Sales”.
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Inventory levels: During the last month, the total number of homes listed for sale increasedslightly, increasing to 478 compared to 471 a month ago. The inventory level remains between a 5 and 6 -month supply.
The Silver Lining: Carlsbad’s supply / demand ratio remains healthy. This is good news forboth the Buyers and Sellers. Carlsbad remains one of the most stable communities in theNorth County area. The favorable balance of the number of new home sales and the numberof homes available to purchase should provide both sellers and buyers a level of comfort inmaking their selling and buying decision
Mike has had over 31 years of real estate and banking experience. Early on in his career, he spent gaining knowledge in the Savings and Loan industry where he successfully lead several institutions through the Savings and Loan crisis of the early 90′s. Real estate experience came earlier on in Mike’s career as he managed and supervised real estate loan matters as well as REO Sales. It wasn’t until 1997 that Mike made the switch and became one of the county’s most successful real estate agents. Mike has a unique perspective and overall knowledge of the industry by having spent more than 31 years in real estate sales and real estate banking.