Encinitas Real Estate Market Report - June 2010
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 June 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
Leucadia- Surfers' Beach Community in Encinitas CA
In June 2010, 37 homes sold in the Encinitas real estate market, a drop of 46% over last month which followed a 12% increase over the prior month. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
37 (down 46%) |
22 (down 52%) |
15 (down 32%) |
|
Days on Market
|
63 |
59 |
69 |
|
Average Sales Price
|
$641,411 (down 11%) |
$792,760 (down 2%) |
$419,433 (down 11%) |
|
Average Sale $/List $
|
98% |
97% |
100% |
Home sales shifted in the Encinitas real estate market with a significant decrease in sales for both detached and attached homes, while the average marketing time increased. Average sales prices also declined, but modestly for detached homes.
There were 34 homes with a Contingent status at the end of June (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 June 2010 the Encinitas real estate market saw another increase in inventory, with more homes for sale (303) than in May (up by 6%). This represents an inventory of 5.6 months for attached homes, up from 4.9 months last month, and 7.4 months for detached homes at the current rate of sales, up from 6.9 months in May (based on a 6-month period).
READ MORE: How Important is Inventory when Buying or Selling? Very!!
101 Encinitas homes came on the market in June compared to 93 last month, while the number of homes going pending remained about the same, 47 as compared to 48 last month.
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, is 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 May 2010
Encinitas Real Estate - Encinitas Real Estate Market Report for April 2010
Encinitas Real Estate - Encinitas Real Estate Market Report for March 2010
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
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