Encinitas Real Estate Market Report - February 2011
As a buyer or seller in the Encinitas real estate market, it is important to have information about the market conditions in order to make a more informed decision about what to do with regard to buying or selling your Encinitas home.
Here is a summary of the Encinitas real estate market for February 2011 based on statistics from the MLS (private sales are not included nor are manufactured and mobile homes). These data are deemed reliable but are not guaranteed due to how data may be entered into the MLS system.
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In February 2011, 32 homes sold in the Encinitas real estate market, an increase of 26% from January. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
32 (up 26%) |
19 (up 1) |
13 (up 63%) |
|
Days on Market
|
63 |
50 |
83 |
|
Average Sales Price
|
$593,746 (down 24%) |
$762,763 (down 19%) |
$346,723 (down 19%) |
|
Average Sale $/List $
|
96% |
97% |
95% |
Home sales rose in February in the Encinitas real estate market especially for attached homes. In contrast average home prices declined across the board.
There were 21 homes with a Contingent status at the end of February (i.e., short sale and foreclosure homes having offers that are being considered by the lenders), the same as last month. These homes are considered Active and are included in the overall active statistics.
For February 2011 the Encinitas real estate market saw little change in inventory of 6%, with 249 homes for sale at the end of February (versus 246 last month). This represents an inventory of 6.2 months for attached homes, down from 6.7 months last month, and 6.6 months for detached homes at the current rate of sales, up from 5.8 months in January (based on a 6-month period).
READ MORE: How Important is Inventory when Buying or Selling? Very!!
72 Encinitas homes came on the market in February as compared to 95 last month (26% fewer than in January); in contrast the number of homes going pending was the increased over January pendings, from 35 to 41.
These data are based on information provided by the MLS for homes that went under contract in the last couple of months. More details about the Encinitas real estate market can be provided with regard to current activity as well as within specific areas such as Encinitas Ranch, Leucadia and Olivenhain.
Watching the trends over time, as opposed to focusing on the data for one particular month, are more revealing and informative, and will provide a better sense of what is happening in the Encinitas real estate market. If I can provide more specific information or answer any particular questions, please let me know.
READ MORE:
Encinitas Homes for Sale | Encinitas Real Estate Market Report for January 2011
Encinitas Homes for Sale | Encinitas Real Estate Market Report for December 2010
Encinitas Homes for Sale | Encinitas Real Estate Market Report for November 2010
Encinitas Homes for Sale - Encinitas Real Estate Market Report for October 2010
Encinitas Homes for Sale - Encinitas Real Estate Market Report for September 2010
Encinitas Homes for Sale - Encinitas 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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