Escondido Real Estate Market Report for February 2011
Escondido is an inland community, about 15 miles from the coast adjacent to San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondido has seen fairly significant shifts in the real estate market with a large number of short sales and foreclosures.
READ MORE: A Tour of Escondido - A Diverse Inland San Diego Community
As a buyer or seller in the Escondido real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Escondido real estate market.
The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed.
In February 2011 there were 108 homes sold in the Escondido real estate market, a decline of 4% from January. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
108 (down 4%) |
82 (up 1%) |
26 (down 19%) |
|
Average $
|
$290,781 (down 3%) |
$340,620 (down 6%) |
$133,595 (down 5%) |
|
Days on Market
|
80 |
70 |
111 |
|
Sale Price/List Price
|
97% |
98% |
96% |
There were 198 Escondido homes (25% of all active properties) on the market with a Contingent status, i.e., short sale or REO homes that have offers being considered by lenders. These are included in the statistics below.
At the end of February 2011 there were 778 Escondido homes for sale, 2% more than in January. This represents an inventory of 4.5 months for attached homes (down from 4.7 months in January) and 6.5 months for detached homes (up from 5.8 months in January), based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In February 244 homes came on the market, down 23% from January which saw double the new listings of December, but in contrast 138 homes went pending, an increase of 12% over January pendings.
I am happy to provide you with more information about current real estate activity in the Escondido real estate market and answer any questions that you may have about current market conditions.
SEARCH FOR ESCONDIDO HOMES FOR SALE
READ MORE:
Escondido Homes for Sale | Escondido Real Estate Market Report for January 2011
Escondido Homes for Sale | Escondido Real Estate Market Report for December 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for November 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for October 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for September 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for August 2010
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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search 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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