Carlsbad

Carlsbad, California is an affluent community located in Southern California.  Like many affluent communities located in that region of the country, Carlsbad has experienced drastically declining housing prices over the past few years.  After the housing bubble swelled, housing prices in Carlsbad peaked at an average of around $750,000 in early 2006.  Since then housing prices have fallen dramatically with median prices now around $550,000.  While prices have fallen dramatically over the past few years it does appear that they are beginning to stabilize.

Due to the decreased housing prices and overall tightened economy, many cities located in Southern California have been negatively hit by a large amount of foreclosure activity.  While Carlsbad is historically a very affluent community, they have also experienced a significant amount of foreclosures in the past few years.  The northern zip code in Carlsbad is 92008.  In the zip code of 92008 there are presently 30 foreclosure properties, which is equal to one in every 547.

The Southern zip code in Carlsbad has been hit by foreclosures much worse.  In zip code 92009 there are presently 55 foreclosures, which is equal to one in every 370 properties.  While these foreclosure rates are not as high as other areas of the country, the rate is still quite alarming.

While the foreclosure rate is quite high in Carlsbad, the current poor economy could be a good investment opportunity for those people with excess capital.  The average foreclosure sale in Carlsbad is much less than the average price which took place in 2005 and 2006.