Carlsbad - Artesia Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Carlsbad - Artesia averaged
7.42%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.27% and
one month ago for the week of 2023-10-19, the
average rate was 7.36%.
Carlsbad - Artesia's average rate one year ago was 6.54%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
| Carlsbad - Artesia 30 Year Fixed Rate | 2023-11-22 | 7.42% |
| Carlsbad - Artesia 30 Year Fixed Rate Refi | 2023-11-22 | 7.79% |
| Carlsbad - Artesia 15 Year Fixed Rate | 2023-11-22 | 6.67% |
| Carlsbad - Artesia 15 Year Fixed Rate Refi | 2023-11-22 | 6.67% |
| Carlsbad - Artesia 30 Year FHA | 2023-11-22 | -0.31% |
| Carlsbad - Artesia 30 Year FHA Refi | 2023-11-22 | 0% |
| Carlsbad - Artesia 30 Year USDA | 2023-11-22 | 0% |
| Carlsbad - Artesia 30 Year USDA Refi | 2023-11-22 | 0.1% |
| Carlsbad - Artesia 30 Year VA | 2023-11-22 | -0.1% |
| Carlsbad - Artesia 30 Year VA Refi | 2023-11-22 | -0.2% |
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.).
Carlsbad - Artesia Average Closing Costs & Other Stats
Carlsbad-Artesia, NM's 80 lenders originated 1,073
loans during 2022. The total origination value was $231,165,000, with an average loan value of
$215,438.
Carlsbad - Artesia's average closing costs are $5,696.
The top Carlsbad - Artesia lender as defined by loan originations is QUICKEN LOANS, LLC, with
80 loans originated. Their average total fees are
$6,986, which is $4,190
higher than the next largest lender,
First American Bank.
The lowest fee Carlsbad - Artesia lenders (with over 10 loans originated) are
CHEVRON ($1,744), First American Bank ($2,796), JPMorgan Chase Bank ($3,058), Wells Fargo Bank ($4,455) and PRIMARY RESIDENTIAL MORTGAGE, INC. ($4,767).
The lowest rate Carlsbad - Artesia lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (4.38%), CHEVRON (4.48%), Wells Fargo Bank (4.72%), GUILD MORTGAGE COMPANY (4.78%) and CMG MORTGAGE, INC. (4.90%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $70,150,000 | $36,255,000 | -48.3% | 15.7% |
| Western Commerce Bank | $14,770,000 | $18,950,000 | 28.3% | 8.2% |
| ACADEMY MORTGAGE CORPORATION | $16,250,000 | $15,460,000 | -4.9% | 6.7% |
| First American Bank | $15,475,000 | $12,395,000 | -19.9% | 5.4% |
| AMCAP MORTGAGE, LTD. | $5,805,000 | $8,835,000 | 52.2% | 3.8% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $9,805,000 | $7,415,000 | -24.4% | 3.2% |
| Mortgage Research Center, LLC | $7,165,000 | $7,195,000 | 0.4% | 3.1% |
| CMG MORTGAGE, INC. | $4,785,000 | $6,785,000 | 41.8% | 2.9% |
| LOANDEPOT.COM, LLC | $7,125,000 | $6,485,000 | -9.0% | 2.8% |
| Wells Fargo Bank | $13,225,000 | $6,205,000 | -53.1% | 2.7% |
| GUILD MORTGAGE COMPANY | $2,160,000 | $5,785,000 | 167.8% | 2.5% |
| Gateway First Bank | $9,680,000 | $5,435,000 | -43.9% | 2.4% |
| Goldwater Bank, N.A. | $3,530,000 | $5,345,000 | 51.4% | 2.3% |
| CHEVRON | $1,090,000 | $3,490,000 | 220.2% | 1.5% |
| USAA Federal Savings Bank | $2,685,000 | $3,405,000 | 26.8% | 1.5% |
| PREMIA MORTGAGE, LLC | $3,005,000 | $3,320,000 | 10.5% | 1.4% |
| JPMorgan Chase Bank | $3,685,000 | $3,245,000 | -11.9% | 1.4% |
| NAVY FEDERAL CREDIT UNION | $1,710,000 | $3,210,000 | 87.7% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,705,000 | $3,030,000 | -54.8% | 1.3% |
| 21ST MORTGAGE CORPORATION | $3,545,000 | $2,990,000 | -15.7% | 1.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,990,000 | $2,410,000 | -19.4% | 1.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,195,000 | $2,370,000 | 98.3% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $4,930,000 | $2,300,000 | -53.3% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $10,585,000 | $2,180,000 | -79.4% | 0.9% |
| SOUTHWEST FUNDING, LP | $3,130,000 | $2,080,000 | -33.5% | 0.9% |
| GUARANTEED RATE AFFINITY, LLC | $610,000 | $2,060,000 | 237.7% | 0.9% |
| Paramount Residential Mortgage Group, Inc. | $4,165,000 | $2,035,000 | -51.1% | 0.9% |
| BETTER MORTGAGE CORPORATION | $1,930,000 | $1,885,000 | -2.3% | 0.8% |
| FIRST COMMUNITY MORTGAGE, INC. | $225,000 | $1,730,000 | 668.9% | 0.7% |
| PNC Bank | $325,000 | $1,425,000 | 338.5% | 0.6% |
| NEWREZ LLC | $2,380,000 | $1,400,000 | -41.2% | 0.6% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $490,000 | $1,385,000 | 182.7% | 0.6% |
| BOKF | $635,000 | $1,365,000 | 115.0% | 0.6% |
| CORNERSTONE HOME LENDING, INC. | $235,000 | $1,300,000 | 453.2% | 0.6% |
| RANLIFE, INC. | $575,000 | $1,285,000 | 123.5% | 0.6% |
| Prosperity Home Mortgage, LLC | $1,240,000 | n/a | 0.5% | |
| U.S. Bank | $590,000 | $1,205,000 | 104.2% | 0.5% |
| Sierra Pacific Mortgage Company, Inc. | $1,190,000 | n/a | 0.5% | |
| LAKEVIEW LOAN SERVICING, LLC | $4,535,000 | $1,185,000 | -73.9% | 0.5% |
| GUARANTEED RATE, INC. | $705,000 | $1,180,000 | 67.4% | 0.5% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $5,945,000 | $1,155,000 | -80.6% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $4,860,000 | $1,095,000 | -77.5% | 0.5% |
| Century Mortgage Company DBA Century Lending Company | $1,005,000 | n/a | 0.4% | |
| Wyndham Capital Mortgage, Inc. | $1,430,000 | $950,000 | -33.6% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $900,000 | $930,000 | 3.3% | 0.4% |
| BROKER SOLUTIONS, INC. | $4,630,000 | $825,000 | -82.2% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $2,120,000 | $820,000 | -61.3% | 0.4% |
| ZILLOW HOME LOANS, LLC | $610,000 | $765,000 | 25.4% | 0.3% |
| LOANPAL, LLC | $950,000 | $750,000 | -21.1% | 0.3% |
| Truity Federal Credit Union | $1,355,000 | $745,000 | -45.0% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $1,290,000 | $715,000 | -44.6% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,165,000 | $700,000 | -67.7% | 0.3% |
| FINANCE OF AMERICA MORTGAGE LLC | $890,000 | $700,000 | -21.3% | 0.3% |
| The Federal Savings Bank | $1,065,000 | $690,000 | -35.2% | 0.3% |
| Plains Commerce Bank | $580,000 | $640,000 | 10.3% | 0.3% |
| Loan Simple, Inc. | $960,000 | $595,000 | -38.0% | 0.3% |
| Commerce Home Mortgage, Inc. | $715,000 | $565,000 | -21.0% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $1,350,000 | $555,000 | -58.9% | 0.2% |
| Waterstone Mortgage Corporation | $1,325,000 | $555,000 | -58.1% | 0.2% |
| North American Savings Bank, F.S.B. | $570,000 | $550,000 | -3.5% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $320,000 | $540,000 | 68.8% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $555,000 | $525,000 | -5.4% | 0.2% |
| Pioneer Bank | $810,000 | $505,000 | -37.7% | 0.2% |
| LIMA ONE CAPITAL, LLC | $105,000 | $500,000 | 376.2% | 0.2% |
| PLANET HOME LENDING, LLC | $335,000 | $450,000 | 34.3% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,710,000 | $430,000 | -74.9% | 0.2% |
| ANGEL OAK HOME LOANS LLC | $125,000 | $425,000 | 240.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $745,000 | $405,000 | -45.6% | 0.2% |
| RESIDENTIAL BANCORP. | $360,000 | $400,000 | 11.1% | 0.2% |
| HOME FUNDING CORPORATION | $305,000 | $385,000 | 26.2% | 0.2% |
| SUN AMERICAN MORTGAGE COMPANY | $530,000 | $375,000 | -29.2% | 0.2% |
| The Central Trust Bank | $285,000 | $375,000 | 31.6% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,235,000 | $370,000 | -70.0% | 0.2% |
| Renasant Bank | $365,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $315,000 | $365,000 | 15.9% | 0.2% |
| Citizens Bank | $355,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $795,000 | $350,000 | -56.0% | 0.2% |
| NBH Bank | $345,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $650,000 | $340,000 | -47.7% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $335,000 | n/a | 0.1% | |
| Willamette Valley Bank | $335,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $330,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $800,000 | $320,000 | -60.0% | 0.1% |
| Discover Bank | $210,000 | $315,000 | 50.0% | 0.1% |
| City Bank | $155,000 | $290,000 | 87.1% | 0.1% |
| MORTGAGE ACCESS CORP. | $285,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $285,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $590,000 | $265,000 | -55.1% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,640,000 | $265,000 | -90.0% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $690,000 | $265,000 | -61.6% | 0.1% |
| Flagstar Bank, FSB | $1,235,000 | $250,000 | -79.8% | 0.1% |
| First Internet Bank of Indiana | $245,000 | n/a | 0.1% | |
| The Bank & Trust | $245,000 | n/a | 0.1% | |
| MANN FINANCIAL INC. | $235,000 | n/a | 0.1% | |
| Rocky Mountain Mortgage Company | $225,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,200,000 | $220,000 | -81.7% | 0.1% |
| Washington Federal Bank | $210,000 | n/a | 0.1% | |
| RBC Bank, (Georgia) | $205,000 | n/a | 0.1% | |
| Servion, Inc. | $205,000 | n/a | 0.1% | |
| UNITED MORTGAGE CORP. | $205,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $935,000 | $195,000 | -79.1% | 0.1% |
| Bank of America | $945,000 | $195,000 | -79.4% | 0.1% |
| CALIBER HOME LOANS, INC. | $2,530,000 | $195,000 | -92.3% | 0.1% |
| KELLER MORTGAGE, LLC | $195,000 | n/a | 0.1% | |
| Northpointe Bank | $620,000 | $195,000 | -68.5% | 0.1% |
| NUSENDA | $335,000 | $190,000 | -43.3% | 0.1% |
| Bell Bank | $185,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $580,000 | $185,000 | -68.1% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $745,000 | $185,000 | -75.2% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $185,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $175,000 | n/a | 0.1% | |
| FirstCapital Bank of Texas | $175,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $525,000 | $165,000 | -68.6% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
| Magnolia Bank | $285,000 | $155,000 | -45.6% | 0.1% |
| American Southwest Credit Union | $135,000 | n/a | 0.1% | |
| STEARNS LENDING, LLC | $405,000 | $135,000 | -66.7% | 0.1% |
| First Guaranty Mortgage Corporation | $1,230,000 | $125,000 | -89.8% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $125,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $125,000 | n/a | 0.1% | |
| Ally Bank | $965,000 | $115,000 | -88.1% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $635,000 | $75,000 | -88.2% | 0.0% |
| AMERICAN ADVISORS GROUP | $235,000 | $65,000 | -72.3% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $315,000 | $65,000 | -79.4% | 0.0% |
| Figure Lending LLC | $145,000 | $55,000 | -62.1% | 0.0% |
| Firefighters First Federal Credit Union | $45,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $45,000 | n/a | 0.0% | |
| Zions Bancorporation, N.A. | $25,000 | n/a | 0.0% |
Carlsbad - Artesia's top lender by overall market share is QUICKEN LOANS, LLC, with 15.7% market share. In second place, with 8.2%, is Western Commerce Bank, having originated $18,950,000 in loans. In third place, with 6.7%, is ACADEMY MORTGAGE CORPORATION, having originated $15,460,000 in loans. In fourth place, with 5.4%, is First American Bank, having originated $12,395,000 in loans. In fifth place, with 3.8%, is AMCAP MORTGAGE, LTD., having originated $8,835,000 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 | $231,250 (19.2%) | $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 (24.4%) | $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%) | $272,708 (-7.4%) | 0.00 | 288 |
| 2021-05-01 | $233,950 (-18.0%) | $273,870 (-2.7%) | 0.00 | 275 |
| 2021-06-01 | $239,000 (-13.5%) | $271,461 (-2.8%) | 0.00 | 260 |
| 2021-07-01 | $242,500 (-8.1%) | $278,222 (0.2%) | 0.00 | 254 |
| 2021-08-01 | $242,500 (-5.1%) | $282,373 (0.7%) | 0.00 | 259 |
| 2021-09-01 | $239,700 (-7.0%) | $295,845 (5.9%) | 0.00 | 252 |
| 2021-10-01 | $238,000 (-10.2%) | $289,841 (-1.4%) | 0.00 | 251 |
| 2021-11-01 | $239,000 (-9.5%) | $289,422 (-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 (13.9%) | 0.00 | 145 |
| 2022-05-01 | $246,500 (5.4%) | $304,565 (11.2%) | 0.00 | 160 |
| 2022-06-01 | $244,500 (2.3%) | $302,084 (11.3%) | 0.00 | 174 |
| 2022-07-01 | $242,000 (-0.2%) | $291,441 (4.8%) | 0.00 | 194 |
| 2022-08-01 | $242,500 (0.0%) | $285,233 (1.0%) | 0.00 | 173 |
| 2022-09-01 | $249,200 (4.0%) | $299,264 (1.2%) | 0.00 | 168 |
| 2022-10-01 | $239,900 (0.8%) | $303,443 (4.7%) | 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 |
Carlsbad - Artesia's median listing price comes in at 0% of the national average.
Carlsbad - Artesia's average listing price for 2023-10-01 was $334,640, a difference of $31,197 (10.3%) versus the prior year and $17,136 versus the prior month.
For the 2023-10-01 period, Carlsbad - Artesia had 109 MLS listings, a difference of 1 listings (1%) versus the prior month and -62 listings (-36%) 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 | 1,760 sqft |
| 2021-05-01 | 0 days | 1,779 sqft |
| 2021-06-01 | 0 days | 1,782 sqft |
| 2021-07-01 | 0 days | 1,812 sqft |
| 2021-08-01 | 0 days | 1,781 sqft |
| 2021-09-01 | 0 days | 1,783 sqft |
| 2021-10-01 | 0 days | 1,760 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 |
Carlsbad - Artesia's median square footage for active listings during the 2023-10-01 period was 1,933 sqft. One year prior, the average listing was 1,828 sqft.
Carlsbad-Artesia, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 770 | $174,970,000 | $227,234 |
| Cash Out Refi | 165 | $30,875,000 | $187,121 |
| Refi | 110 | $21,370,000 | $194,273 |
| Other | 16 | $1,770,000 | $110,625 |
| Home Improvement | 12 | $2,180,000 | $181,667 |
Carlsbad - Artesia's most frequently cited loan purpose was Home Purchase, with 770 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 249 | $58,175,000 | $233,635 |
| 5-6% | 247 | $55,055,000 | $222,895 |
| 3-4% | 182 | $40,740,000 | $223,846 |
| 6-7% | 135 | $29,105,000 | $215,593 |
| 2.5-3% | 60 | $13,060,000 | $217,667 |
| 7-8% | 52 | $8,550,000 | $164,423 |
| Over 8% | 35 | $3,375,000 | $96,429 |
| <2.5% | 25 | $3,735,000 | $149,400 |
During 2022, Carlsbad - Artesia's most frequently originated rate bucket was 4-5%, with 249 originations.
Loan Sizing (Carlsbad-Artesia, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 490 | $136,840,000 | $279,265 |
| $100k-200k | 406 | $61,750,000 | $152,094 |
| $100,000 or less | 124 | $6,410,000 | $51,694 |
| $400k-600k | 47 | $21,665,000 | $460,957 |
| $600k-1000k | 5 | $3,445,000 | $689,000 |
| $Over $1MM | 1 | $1,055,000 | $1,055,000 |
Carlsbad - Artesia's loan sizing saw the bucket of loans from $200k-400k with 490 originations, totaling $136,840,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 616 | $145,960,000 | $236,948 |
| 60-80% | 219 | $46,155,000 | $210,753 |
| 40-60% | 57 | $9,355,000 | $164,123 |
| Under 20% | 43 | $425,000 | $9,884 |
| 20-40% | 27 | $3,375,000 | $125,000 |
| Over 100% | 17 | $5,215,000 | $306,765 |
Carlsbad - Artesia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 616 originations, totaling $145,960,000 in origination value.