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Although Southern California real estate is not known for being easy on the pocketbook, home buyers on a budget can find plenty of options in East Carlsbad affordable real estate. In Calavera Hills, an East Carlsbad master-planned community, a condominium may be more affordable than a single-family home in the same neighborhood, and residents enjoy the same community features, the same views and the same newer and quality construction. Calavera Hills also has homes for sale that are on the lower end of the budget spectrum. These homes usually have two levels and can include master suites, spacious kitchens, patios, garages and fireplaces. Rancho Carlsbad is another East Carlsbad community known for its budget-friendly real estate available.