Carlsbad - Artesia Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Carlsbad - Artesia averaged 7.34% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.72% and one month ago for the week of 2024-03-14, the average rate was 6.88%.

    Carlsbad - Artesia's average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.1%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Carlsbad - Artesia 30 Year Fixed Rate 2024-04-18 7.34%
    Carlsbad - Artesia 30 Year Fixed Rate Refi 2024-04-18 7.1%
    Carlsbad - Artesia 15 Year Fixed Rate 2024-04-18 6.19%
    Carlsbad - Artesia 15 Year Fixed Rate Refi 2024-04-18 6.59%
    Carlsbad - Artesia 30 Year FHA 2024-04-18 6.56%
    Carlsbad - Artesia 30 Year FHA Refi 2024-04-18 7.06%
    Carlsbad - Artesia 30 Year USDA 2024-04-18 7.06%
    Carlsbad - Artesia 30 Year USDA Refi 2024-04-18 6.66%
    Carlsbad - Artesia 30 Year VA 2024-04-18 6.96%
    Carlsbad - Artesia 30 Year VA Refi 2024-04-18 6.76%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Carlsbad-Artesia, NM.

    Carlsbad - Artesia Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Carlsbad-Artesia, NM market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 50 6.82% $7,210
    First American Bank 16 6.66% $3,362
    Prosperity Home Mortgage, LLC 9 7.42% $5,562
    Goldwater Bank, N.A. 8 7.41% $5,924
    ACADEMY MORTGAGE CORPORATION 8 6.73% $8,304
    Wells Fargo Bank 8 6.66% $4,137
    UNITED WHOLESALE MORTGAGE, LLC 8 7.11% $6,358
    CMG MORTGAGE, INC. 7 6.34% $8,229
    GUILD MORTGAGE COMPANY 7 6.91% $6,580
    U.S. Bank 7 6.52% $2,403
    LOANDEPOT.COM, LLC 6 7.08% $8,079
    GENEVA FINANCIAL, LLC 6 6.83% $5,661
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.47% $7,181
    GUARANTEED RATE AFFINITY, LLC 5 6.54% $1,522
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.50% $7,953
    AMERISAVE MORTGAGE CORPORATION 4 6.12% $7,989
    PREMIA MORTGAGE, LLC 4 6.53% $4,877
    JPMorgan Chase Bank 4 6.90% $3,155
    NAVY FEDERAL CREDIT UNION 4 7.31% $3,516
    USAA Federal Savings Bank 3 6.21% $8,729
    Gateway First Bank 3 7.00% $4,216
    AMCAP MORTGAGE, LTD. 3 6.92% $10,772
    SUN AMERICAN MORTGAGE COMPANY 3 6.71% $4,264
    RBC Bank, (Georgia) 2 5.94% $2,010
    AMERICAN FINANCIAL NETWORK, INC. 2 7.38% $4,942
    Mr. Cooper ( Nationstar Mortgage ) 2 7.56% $9,238
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $5,699
    ZILLOW HOME LOANS, LLC 2 6.69% $8,077
    Loan Simple, Inc. 2 3.56% $3,508
    BROKER SOLUTIONS, INC. 2 7.19% $8,620
    PNC Bank 2 6.25% $4,522
    Zions Bank 1 7.25% $4,035
    Amarillo National Bank 1 7.50% $12,177
    BETTER MORTGAGE CORPORATION 1 5.88% $14,866
    Century Mortgage Company DBA Century Lending Company 1 6.50% $3,447
    City Bank 1 7.50% $5,102
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.75% $4,077
    Deseret First Credit Union 1 7.13% $9,791
    FLAT BRANCH MORTGAGE, INC. 1 5.88% $2,528
    MICHIGAN MUTUAL, INC. 1 6.99% $8,414
    Mortgage Research Center, LLC 1 6.88% $3,847
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $4,338
    NBKC BANK 1 7.37% $1,854
    OAKTREE FUNDING CORP. 1 10.38% $13,640
    PENNYMAC LOAN SERVICES, LLC 1 6.50% $6,002
    Plains Commerce Bank 1 5.75% $4,462
    PLANET HOME LENDING, LLC 1 5.88% $5,228
    PLAZA HOME MORTGAGE, INC. 1 5.75% $9,813
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $4,825
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.99% $3,176
    Sierra Pacific Mortgage Company, Inc. 1 7.13% $6,444
    Southwest Bank 1 6.13% $3,732
    T2 FINANCIAL LLC 1 7.50% $8,181
    Town Square Mortgage & Investments, Inc. 1 6.88% $1,530
    Truity Federal Credit Union 1 5.88% $5,757
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $6,732
    Waterstone Mortgage Corporation 1 6.88% $4,796
    21ST MORTGAGE CORPORATION 1 8.50% $6,111

    Carlsbad - Artesia Average Closing Costs & Other Stats

    Carlsbad-Artesia, NM's 58 lenders originated 790 loans during 2023. The total origination value was $178,030,000, with an average loan value of $225,354.

    Carlsbad - Artesia's average closing costs are $5,976.

    The top Carlsbad - Artesia lender as defined by loan originations is QUICKEN LOANS, LLC, with 50 loans originated. Their average total fees are $7,210, which is $3,848 higher than the next largest lender, First American Bank.

    The lowest fee Carlsbad - Artesia lenders (with over 10 loans originated) are First American Bank ($3,362), QUICKEN LOANS, LLC ($7,210), .

    The lowest rate Carlsbad - Artesia lenders (with over 10 loans originated) are First American Bank (6.66%), QUICKEN LOANS, LLC (6.82%), .

    Carlsbad-Artesia, NM Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    QUICKEN LOANS, LLC $36,255,000 $20,840,000 -42.5% 11.7%
    Western Commerce Bank $18,950,000 $14,425,000 -23.9% 8.1%
    Citizens Bank of Las Cruces $11,005,000 n/a 6.2%
    First American Bank $12,395,000 $10,065,000 -18.8% 5.7%
    ACADEMY MORTGAGE CORPORATION $15,460,000 $9,110,000 -41.1% 5.1%
    GUILD MORTGAGE COMPANY $5,785,000 $7,635,000 32.0% 4.3%
    GENEVA FINANCIAL, LLC $330,000 $5,755,000 1,643.9% 3.2%
    AMCAP MORTGAGE, LTD. $8,835,000 $5,640,000 -36.2% 3.2%
    Prosperity Home Mortgage, LLC $1,240,000 $5,425,000 337.5% 3.0%
    UNITED WHOLESALE MORTGAGE, LLC $3,030,000 $4,880,000 61.1% 2.7%
    Mortgage Research Center, LLC $7,195,000 $4,805,000 -33.2% 2.7%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $7,415,000 $4,540,000 -38.8% 2.6%
    CMG MORTGAGE, INC. $6,785,000 $3,970,000 -41.5% 2.2%
    Wells Fargo Bank $6,205,000 $3,905,000 -37.1% 2.2%
    21ST MORTGAGE CORPORATION $2,990,000 $3,885,000 29.9% 2.2%
    Goldwater Bank, N.A. $5,345,000 $3,680,000 -31.2% 2.1%
    LOANDEPOT.COM, LLC $6,485,000 $3,125,000 -51.8% 1.8%
    GUARANTEED RATE AFFINITY, LLC $2,060,000 $2,730,000 32.5% 1.5%
    AMERICAN PACIFIC MORTGAGE CORPORATION $2,370,000 $2,630,000 11.0% 1.5%
    NAVY FEDERAL CREDIT UNION $3,210,000 $2,575,000 -19.8% 1.4%
    U.S. Bank $1,205,000 $2,530,000 110.0% 1.4%
    USAA Federal Savings Bank $3,405,000 $2,415,000 -29.1% 1.4%
    PREMIA MORTGAGE, LLC $3,320,000 $2,005,000 -39.6% 1.1%
    BROKER SOLUTIONS, INC. $825,000 $1,810,000 119.4% 1.0%
    SECURITYNATIONAL MORTGAGE COMPANY $320,000 $1,645,000 414.1% 0.9%
    JPMorgan Chase Bank $3,245,000 $1,600,000 -50.7% 0.9%
    Waterstone Mortgage Corporation $555,000 $1,550,000 179.3% 0.9%
    Paramount Residential Mortgage Group, Inc. $2,035,000 $1,425,000 -30.0% 0.8%
    AMERISAVE MORTGAGE CORPORATION $2,300,000 $1,385,000 -39.8% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $2,410,000 $1,300,000 -46.1% 0.7%
    ZILLOW HOME LOANS, LLC $765,000 $1,230,000 60.8% 0.7%
    Gateway First Bank $5,435,000 $1,165,000 -78.6% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $350,000 $1,155,000 230.0% 0.6%
    GUARANTEED RATE, INC. $1,180,000 $1,075,000 -8.9% 0.6%
    SUN AMERICAN MORTGAGE COMPANY $375,000 $1,050,000 180.0% 0.6%
    MUTUAL OF OMAHA MORTGAGE, INC. $405,000 $1,010,000 149.4% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $930,000 $965,000 3.8% 0.5%
    PNC Bank $1,425,000 $960,000 -32.6% 0.5%
    PLAZA HOME MORTGAGE, INC. $820,000 $935,000 14.0% 0.5%
    MID AMERICA MORTGAGE, INC. $885,000 n/a 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $265,000 $660,000 149.1% 0.4%
    CORNERSTONE HOME LENDING, INC. $1,300,000 $650,000 -50.0% 0.4%
    Amarillo National Bank $575,000 n/a 0.3%
    Sierra Pacific Mortgage Company, Inc. $1,190,000 $570,000 -52.1% 0.3%
    Neighborhood Loans, Inc. $560,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,095,000 $545,000 -50.2% 0.3%
    NBKC BANK $530,000 n/a 0.3%
    SOUTHWEST STAGE FUNDING, LLC $555,000 $520,000 -6.3% 0.3%
    Century Mortgage Company DBA Century Lending Company $1,005,000 $515,000 -48.8% 0.3%
    The First National Bank of Sonora $515,000 n/a 0.3%
    COUNTRYPLACE MORTGAGE, LTD. $475,000 n/a 0.3%
    Plains Commerce Bank $640,000 $470,000 -26.6% 0.3%
    Town Square Mortgage & Investments, Inc. $470,000 n/a 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $455,000 n/a 0.3%
    SUMMIT FUNDING, INC. $425,000 n/a 0.2%
    Commerce Home Mortgage, Inc. $565,000 $400,000 -29.2% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $1,385,000 $395,000 -71.5% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $370,000 $375,000 1.4% 0.2%
    HOME FUNDING CORPORATION $385,000 $375,000 -2.6% 0.2%
    BETTER MORTGAGE CORPORATION $1,885,000 $365,000 -80.6% 0.2%
    Deseret First Credit Union $365,000 n/a 0.2%
    Truity Federal Credit Union $745,000 $365,000 -51.0% 0.2%
    RBC Bank, (Georgia) $205,000 $360,000 75.6% 0.2%
    T2 FINANCIAL LLC $350,000 n/a 0.2%
    Firstar Bank $340,000 n/a 0.2%
    Loan Simple, Inc. $595,000 $325,000 -45.4% 0.2%
    First Federal Bank $315,000 n/a 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $95,000 $310,000 226.3% 0.2%
    MICHIGAN MUTUAL, INC. $340,000 $305,000 -10.3% 0.2%
    EMBRACE HOME LOANS, INC. $165,000 $295,000 78.8% 0.2%
    Princeton Mortgage Corporation $295,000 n/a 0.2%
    Zions Bank $25,000 $290,000 1,060.0% 0.2%
    UNION HOME MORTGAGE CORP. $365,000 $285,000 -21.9% 0.2%
    First United Bank $275,000 n/a 0.2%
    OAKTREE FUNDING CORP. $275,000 n/a 0.2%
    PLANET HOME LENDING, LLC $450,000 $275,000 -38.9% 0.2%
    OCMBC, INC. $270,000 n/a 0.2%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $265,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $255,000 n/a 0.1%
    LOANPAL, LLC $750,000 $250,000 -66.7% 0.1%
    Pioneer Bank $505,000 $235,000 -53.5% 0.1%
    AMERICAN HERITAGE LENDING, INC. $210,000 n/a 0.1%
    Discover Bank $315,000 $205,000 -34.9% 0.1%
    NEWREZ LLC $1,400,000 $205,000 -85.4% 0.1%
    ROYAL UNITED MORTGAGE LLC $65,000 $200,000 207.7% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $1,730,000 $195,000 -88.7% 0.1%
    SANDIA LABORATORY $190,000 n/a 0.1%
    Southwest Bank $185,000 n/a 0.1%
    Bank of England $155,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $525,000 $155,000 -70.5% 0.1%
    Equity Prime Mortgage LLC $155,000 n/a 0.1%
    DIRECTORS MORTGAGE, INC. $145,000 n/a 0.1%
    Bank of America $195,000 $140,000 -28.2% 0.1%
    Figure Lending LLC $55,000 $135,000 145.5% 0.1%
    NEXERA HOLDING LLC $135,000 n/a 0.1%
    City Bank $290,000 $125,000 -56.9% 0.1%
    FLAT BRANCH MORTGAGE, INC. $540,000 $105,000 -80.6% 0.1%
    First Financial Bank $95,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $75,000 $65,000 -13.3% 0.0%
    Coastal Community Bank $60,000 n/a 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $55,000 n/a 0.0%
    BOKF $1,365,000 $45,000 -96.7% 0.0%
    Del Norte Credit Union $45,000 n/a 0.0%
    Washington Federal Bank $210,000 $35,000 -83.3% 0.0%

    Carlsbad - Artesia's top lender by overall market share is QUICKEN LOANS, LLC, with 11.7% market share. In second place, with 8.1%, is Western Commerce Bank, having originated $14,425,000 in loans. In third place, with 6.2%, is Citizens Bank of Las Cruces, having originated $11,005,000 in loans. In fourth place, with 5.7%, is First American Bank, having originated $10,065,000 in loans. In fifth place, with 5.1%, is ACADEMY MORTGAGE CORPORATION, having originated $9,110,000 in loans.

    Carlsbad - Artesia Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Carlsbad - Artesia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $181,725 (3.4%) $216,653 (1.5%) 0.00 205
    2018-02-01 $186,125 (4.8%) $222,254 (4.5%) 0.00 199
    2018-03-01 $189,000 (5.3%) $215,178 (1.1%) 0.00 203
    2018-04-01 $194,000 (4.9%) $220,383 (3.1%) 0.00 194
    2018-05-01 $208,750 (9.6%) $229,647 (6.2%) 0.00 194
    2018-06-01 $210,000 (13.5%) $234,461 (11.0%) 0.00 188
    2018-07-01 $204,925 (13.2%) $235,837 (12.6%) 0.00 188
    2018-08-01 $199,750 (9.5%) $235,098 (11.3%) 0.00 177
    2018-09-01 $235,000 (28.8%) $253,367 (19.3%) 0.00 182
    2018-10-01 $235,750 (30.4%) $255,620 (23.7%) 0.00 170
    2018-11-01 $232,500 (29.9%) $259,228 (22.4%) 0.00 155
    2018-12-01 $230,000 (26.2%) $266,848 (23.8%) 0.00 137
    2019-01-01 $228,250 (25.6%) $273,901 (26.4%) 0.00 133
    2019-02-01 $242,500 (30.3%) $287,437 (29.3%) 0.00 132
    2019-03-01 $235,000 (24.3%) $275,304 (27.9%) 0.00 150
    2019-04-01 $232,500 (19.9%) $263,099 (19.4%) 0.00 177
    2019-05-01 $262,200 (25.6%) $268,968 (17.1%) 0.00 199
    2019-06-01 $265,000 (26.2%) $274,524 (17.1%) 0.00 203
    2019-07-01 $268,453 (31.0%) $275,972 (17.0%) 0.00 202
    2019-08-01 $269,187 (34.8%) $275,227 (17.1%) 0.00 228
    2019-09-01 $268,488 (14.3%) $274,778 (8.5%) 0.00 246
    2019-10-01 $270,787 (14.9%) $275,255 (7.7%) 0.00 253
    2019-11-01 $273,853 (17.8%) $276,851 (6.8%) 0.00 248
    2019-12-01 $275,150 (19.6%) $278,862 (4.5%) 0.00 235
    2020-01-01 $275,705 (20.8%) $279,404 (2.0%) 0.00 233
    2020-02-01 $283,391 (16.9%) $284,278 (-1.1%) 0.00 240
    2020-03-01 $286,314 (21.8%) $292,750 (6.3%) 0.00 248
    2020-04-01 $287,619 (23.7%) $294,538 (12.0%) 0.00 234
    2020-05-01 $285,258 (8.8%) $281,402 (4.6%) 0.00 252
    2020-06-01 $276,200 (4.2%) $279,218 (1.7%) 0.00 245
    2020-07-01 $263,829 (-1.7%) $277,656 (0.6%) 0.00 242
    2020-08-01 $255,450 (-5.1%) $280,386 (1.9%) 0.00 229
    2020-09-01 $257,863 (-4.0%) $279,400 (1.7%) 0.00 231
    2020-10-01 $265,000 (-2.1%) $293,986 (6.8%) 0.00 240
    2020-11-01 $264,000 (-3.6%) $296,284 (7.0%) 0.00 234
    2020-12-01 $264,438 (-3.9%) $294,277 (5.5%) 0.00 231
    2021-01-01 $261,500 (-5.2%) $293,669 (5.1%) 0.00 232
    2021-02-01 $245,250 (-13.5%) $284,482 (0.1%) 0.00 264
    2021-03-01 $228,200 (-20.3%) $274,547 (-6.2%) 0.00 282
    2021-04-01 $228,000 (-20.7%) $272,855 (-7.4%) 0.00 289
    2021-05-01 $234,900 (-17.7%) $274,175 (-2.6%) 0.00 276
    2021-06-01 $240,750 (-12.8%) $271,799 (-2.7%) 0.00 261
    2021-07-01 $242,750 (-8.0%) $278,540 (0.3%) 0.00 255
    2021-08-01 $244,625 (-4.2%) $282,679 (0.8%) 0.00 260
    2021-09-01 $239,950 (-7.0%) $296,105 (6.0%) 0.00 253
    2021-10-01 $239,000 (-9.8%) $290,129 (-1.3%) 0.00 252
    2021-11-01 $239,000 (-9.5%) $289,563 (-2.3%) 0.00 261
    2021-12-01 $240,450 (-9.1%) $285,739 (-2.9%) 0.00 234
    2022-01-01 $252,450 (-3.5%) $294,294 (0.2%) 0.00 212
    2022-02-01 $250,750 (2.2%) $301,397 (6.0%) 0.00 214
    2022-03-01 $261,500 (14.6%) $308,863 (12.5%) 0.00 219
    2022-04-01 $250,000 (9.7%) $310,572 (13.8%) 0.00 145
    2022-05-01 $246,500 (4.9%) $304,565 (11.1%) 0.00 160
    2022-06-01 $244,500 (1.6%) $302,084 (11.1%) 0.00 174
    2022-07-01 $242,000 (-0.3%) $291,441 (4.6%) 0.00 194
    2022-08-01 $242,500 (-0.9%) $285,233 (0.9%) 0.00 173
    2022-09-01 $249,200 (3.9%) $299,264 (1.1%) 0.00 168
    2022-10-01 $239,900 (0.4%) $303,443 (4.6%) 0.00 171
    2022-11-01 $256,500 (7.3%) $301,082 (4.0%) 0.00 169
    2022-12-01 $265,000 (10.2%) $300,599 (5.2%) 0.00 148
    2023-01-01 $299,700 (18.7%) $335,534 (14.0%) 0.00 145
    2023-02-01 $300,500 (19.8%) $340,102 (12.8%) 0.00 137
    2023-03-01 $299,238 (14.4%) $342,103 (10.8%) 0.00 128
    2023-04-01 $290,000 (16.0%) $365,762 (17.8%) 0.00 109
    2023-05-01 $298,750 (21.2%) $338,952 (11.3%) 0.00 114
    2023-06-01 $314,362 (28.6%) $347,127 (14.9%) 0.00 112
    2023-07-01 $319,250 (31.9%) $367,328 (26.0%) 0.00 104
    2023-08-01 $310,883 (28.2%) $333,201 (16.8%) 0.00 116
    2023-09-01 $302,500 (21.4%) $317,504 (6.1%) 0.00 108
    2023-10-01 $296,000 (23.4%) $334,640 (10.3%) 0.00 109
    2023-11-01 $300,000 (17.0%) $331,350 (10.1%) 0.00 111
    2023-12-01 $310,850 (17.3%) $332,696 (10.7%) 0.00 102
    2024-01-01 $317,500 (5.9%) $339,900 (1.3%) 0.00 87
    2024-02-01 $315,213 (4.9%) $361,339 (6.2%) 0.00 76
    2024-03-01 $308,750 (3.2%) $360,340 (5.3%) 0.00 74
    Carlsbad - Artesia's median listing price for 2024-03-01 was $308,750, a difference of $9,512 (3.2%) versus the prior year and $-6,463 versus the prior month.

    Carlsbad - Artesia's median listing price comes in at 0% of the national average.

    Carlsbad - Artesia's average listing price for 2024-03-01 was $360,340, a difference of $18,237 (5.3%) versus the prior year and $-999 versus the prior month.

    For the 2024-03-01 period, Carlsbad - Artesia had 74 MLS listings, a difference of -2 listings (-3%) versus the prior month and -54 listings (-42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Carlsbad - Artesia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,713 sqft
    2018-02-01 0 days 1,732 sqft
    2018-03-01 0 days 1,728 sqft
    2018-04-01 0 days 1,721 sqft
    2018-05-01 0 days 1,732 sqft
    2018-06-01 0 days 1,734 sqft
    2018-07-01 0 days 1,739 sqft
    2018-08-01 0 days 1,756 sqft
    2018-09-01 0 days 1,794 sqft
    2018-10-01 0 days 1,802 sqft
    2018-11-01 0 days 1,787 sqft
    2018-12-01 0 days 1,785 sqft
    2019-01-01 0 days 1,986 sqft
    2019-02-01 0 days 2,016 sqft
    2019-03-01 0 days 1,938 sqft
    2019-04-01 0 days 1,845 sqft
    2019-05-01 0 days 1,893 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,896 sqft
    2019-08-01 0 days 1,900 sqft
    2019-09-01 0 days 1,900 sqft
    2019-10-01 0 days 1,873 sqft
    2019-11-01 0 days 1,845 sqft
    2019-12-01 0 days 1,863 sqft
    2020-01-01 0 days 1,889 sqft
    2020-02-01 0 days 1,979 sqft
    2020-03-01 0 days 2,041 sqft
    2020-04-01 0 days 2,034 sqft
    2020-05-01 0 days 1,907 sqft
    2020-06-01 0 days 1,901 sqft
    2020-07-01 0 days 1,860 sqft
    2020-08-01 0 days 1,840 sqft
    2020-09-01 0 days 1,824 sqft
    2020-10-01 0 days 1,842 sqft
    2020-11-01 0 days 1,828 sqft
    2020-12-01 0 days 1,829 sqft
    2021-01-01 0 days 1,831 sqft
    2021-02-01 0 days 1,800 sqft
    2021-03-01 0 days 1,771 sqft
    2021-04-01 0 days 1,762 sqft
    2021-05-01 0 days 1,781 sqft
    2021-06-01 0 days 1,783 sqft
    2021-07-01 0 days 1,818 sqft
    2021-08-01 0 days 1,784 sqft
    2021-09-01 0 days 1,787 sqft
    2021-10-01 0 days 1,761 sqft
    2021-11-01 0 days 1,751 sqft
    2021-12-01 0 days 1,741 sqft
    2022-01-01 0 days 1,760 sqft
    2022-02-01 0 days 1,743 sqft
    2022-03-01 0 days 1,754 sqft
    2022-04-01 0 days 1,766 sqft
    2022-05-01 0 days 1,769 sqft
    2022-06-01 0 days 1,848 sqft
    2022-07-01 0 days 1,788 sqft
    2022-08-01 0 days 1,784 sqft
    2022-09-01 0 days 1,851 sqft
    2022-10-01 0 days 1,828 sqft
    2022-11-01 0 days 1,772 sqft
    2022-12-01 0 days 1,868 sqft
    2023-01-01 0 days 2,009 sqft
    2023-02-01 0 days 2,004 sqft
    2023-03-01 0 days 2,004 sqft
    2023-04-01 0 days 2,043 sqft
    2023-05-01 0 days 1,962 sqft
    2023-06-01 0 days 1,978 sqft
    2023-07-01 0 days 1,992 sqft
    2023-08-01 0 days 1,887 sqft
    2023-09-01 0 days 1,892 sqft
    2023-10-01 0 days 1,933 sqft
    2023-11-01 0 days 1,897 sqft
    2023-12-01 0 days 1,897 sqft
    2024-01-01 0 days 1,871 sqft
    2024-02-01 0 days 1,807 sqft
    2024-03-01 0 days 1,806 sqft
    Carlsbad - Artesia's median listing age (time on market) for 2024-03-01 was 0 days.

    Carlsbad - Artesia's median square footage for active listings during the 2024-03-01 period was 1,806 sqft. One year prior, the average listing was 2,004 sqft.

    Carlsbad-Artesia, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 675 $161,545,000 $239,326
    Cash Out Refi 55 $8,755,000 $159,182
    Other 29 $3,225,000 $111,207
    Refi 22 $3,890,000 $176,818
    Home Improvement 9 $615,000 $68,333

    Carlsbad - Artesia's most frequently cited loan purpose was Home Purchase, with 675 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 281 $81,355,000 $289,520
    7-8% 169 $39,445,000 $233,402
    Over 8% 134 $11,370,000 $84,851
    5-6% 130 $28,850,000 $221,923
    <2.5% 6 $310,000 $51,667
    4-5% 3 $485,000 $161,667
    2.5-3% 3 $815,000 $271,667
    3-4% 2 $460,000 $230,000

    During 2023, Carlsbad - Artesia's most frequently originated rate bucket was 6-7%, with 281 originations.

    Loan Sizing (Carlsbad-Artesia, NM MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 346 $99,580,000 $287,803
    $100k-200k 264 $40,990,000 $155,265
    $100,000 or less 139 $6,105,000 $43,921
    $400k-600k 34 $15,590,000 $458,529
    $600k-1000k 4 $2,650,000 $662,500
    $Over $1MM 3 $13,115,000 $4,371,667

    Carlsbad - Artesia's loan sizing saw the bucket of loans from $200k-400k with 346 originations, totaling $99,580,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 487 $117,995,000 $242,290
    60-80% 99 $32,785,000 $331,162
    Under 20% 74 $1,300,000 $17,568
    40-60% 26 $3,780,000 $145,385
    20-40% 18 $1,360,000 $75,556
    Over 100% 18 $5,150,000 $286,111

    Carlsbad - Artesia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 487 originations, totaling $117,995,000 in origination value.