Carlsbad Real Estate News and Views

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s my Escondido Home Worth? Escondido Home Sales in February 2019

What’s the Value of my Escondido Home?

Escondido Real Estate Market in February 2019

 

California Center for the Arts in EscondidoEscondido is an inland community, about 17 miles from the beaches and just east of San Marcos.

 

It’s important for buyers and sellers in the Escondido housing market to understand recent trends and current local market conditions in order to make informed decisions about buying and selling Escondido homes for sale.

 

READ MORE:

A Tour of Escondido – A Diverse Inland San Diego Community

 

The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties, or mobile and manufactured homes). The data are believed to be reliable at the time this report was written but are not guaranteed.

 

A total of 113 homes sold in February, an increase of 13% from January. Here’s the breakdown of activity.

 

Detached Homes Sold
94 (up 9%), 45 Days on Market, Ave. Sales Price $594,810 (up 5%), Ave. sale 97% of original asking price

Attached Homes (condos, town homes) Sold
19 (up 36%), 43 Days on Market, Ave. Sales Price $318,236 (down 12%), Ave. sale 98% of asking price

 

Home sales increased from last month for detached single family homes, and even more so for attached homes. Average sale prices increased modestly for detached homes, but declined for attached homes.

 

Buyers were able to negotiate an average of 2 - 3% off the original sales prices; however, 33% of the buyers ended up paying full price or more. 4% of the Escondido home buyers paid cash, compared to 9% last month. Marketing time increased modestly for both attached (condos, town homes) and detached single family homes.

 

The MEDIAN price of the detached homes sold was $549,950 (up 7%), with $290,000 (down 17%) for attached homes compared to last month

 

There were 13 Escondido homes on the market with a Contingent status (i.e., in most cases these are short sale or REO homes that have offers being considered by lenders), compared to 9 for last month; some of these are first right of refusals, others are short sales. These are included in the statistics below.

 

At the end of February there were 338 homes for sale in Escondido, a modest decrease by 3% from last month, and substantially more than February 2018. This represents an inventory of 2.5 months for attached properties (down from 2.7 months last month), and 3.2 months for detached homes (up from 2.9 months last month), based on the current rate of sales over the last 3 months. Escondido remains a strong seller’s market.

 

Escondido condos downtown

 

In February 180 homes came on the market, 21% fewer new listings than in January. However, the number of homes going pending (132), excluding homes that closed in February, shifted up by 15% from January pendings.

 

I am happy to provide more information about current real estate activity in the Escondido real estate market, specific zip codes, and neighborhoods, and answer any questions that you may have about current market conditions, as well as to assist you with the purchase OR sale of a home in Escondido.

 

 

Please contact me at (760) 840-1360 so we can find the best time to get together to discuss your personal housing needs and budget, and plan a strategy for you to buy or sell a home in Escondido!

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

What’s my Escondido Home Worth? Escondido Real Estate in January 2019

 

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase or sale, please contact my mobile office or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

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Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

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Comment balloon 2 commentsJeff Dowler, CRS • March 15 2019 07:33PM
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