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 March 2010 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.
READ MORE: Encinitas - An Eclectic Seaside Community
In March 2010, 41 homes sold in Encinitas, 6 more than last month. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
41 (up 17%) |
27 (up 8%) |
14 (up 40%) |
|
Days on Market
|
54 |
55 |
51 |
|
Average Sales Price
|
$720,374 (down 9%) |
$990,587 (down 9%) |
$372,821 (down 23%) |
|
Average Sale $/List $
|
98% |
99% |
97% |
Home sales shifted in the Encinitas real estate market with an increase in sales across the board. At the same time average prices all dropped, especially for attached properties.
There were 37 homes with a Contingent status at the end of March (i.e., short sale and REO homes having offers that are being considered by the lenders), 3 more than last month. These homes are considered Active and are included in the overall active statistics.
For March 2010 the Encinitas real estate market saw another increase in inventory, with more homes for sale (262) than in February (up 8%). This represents an inventory of 4.6 months for attached homes, down from 4.8 months last month, and 7.4 months for detached homes at the current rate of sales, up from 6.4 months in February (based on a 6-month period).
READ MORE: How Important is Inventory when Buying or Selling? Very!!
87 Encinitas homes came on the market in March compared to 91 last month, and the number of homes going pending rose substantially, by 26%, to 63.
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 Real Estate - Encinitas Real Estate Market Report for February 2010
Encinitas Real Estate - Encinitas Real Estate Market Report for January 2010
Encinitas Real Estate - Encinitas Real Estate Market Report for December 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for November 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for October 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for September 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for August 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for July 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for June 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for May 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for April 2009
Encinitas Real Estate - Encinitas Market Report for March 2009
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All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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There were 34 homes with a Contingent status at the end of September (i.e., short sale and REO homes having offers that are being considered by the lenders), 2 more than last month. These homes are considered Active and are included in the overall active statistics.