Carlsbad Real Estate News and Views: California: Escondido

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What’s my Escondido Home Worth? Escondido Real Estate Market July 2015

What’s my Escondido Home Worth?

Escondido Real Estate Market in July 2015

 

Escondido homes and condos for sale, and properties for sale in Escondido CAEscondido is an inland community, about 17 miles from the coast just east of San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondidos’ real estate market has shifted in the last couple of years in a much more positive direction following the downturn.

 

As a buyer or seller in the housing market in Escondido, understanding recent trends and current market conditions is essential so you can make informed decisions about buying and selling Escondido homes; media reports focus on general market conditions and do not provide an accurate picture of the local Escondido real estate market nor how it impacts buyers and sellers.

 

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/manufactured homes). The data are believed to be reliable at the time this report was written but are not guaranteed.

 

In July 2015 there were 217 homes sold in Escondido, a substantial increase in sales volume by 30% from last month. Average sale prices increased modestly for detached homes, but decreased for attached. Buyers were able to negotiate, on average, 2 - 3% off sales price; some homes sold for over asking price. 13% of the transactions were cash, the same as last month. Average marketing time increased modestly overall.

 

Here’s the breakdown of overall activity.

 

 

TOTAL

DETACHED

ATTACHED

# Sold

217 (up 30%)

180 (up 31%)

37 (up 23%)

Average $

$481,890 (up 6%)

$527,721 (up 7%)

$258,929 (down 5%)

Days on Market

43

45

31

Sale Price/List Price

97%

97%

98%

 

The MEDIAN price of the detached homes sold was $477,000 (up 5%), with $264,000 (down 5%) for attached.

 

New condos and homes for sale in Escondido CA, and Escondido luxury properties for sale

 

There were 44 Escondido homes (10% 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 July 2015 there were 430 homes for sale in Escondido, up by 7% from last month. This represents an inventory of 1.8 months for attached properties (the same as last month), and 2.6 months for detached homes (down from 2.8 months last month), based on the current rate of sales over the last 6 months.  The market remains very competitive for buyers, and is a strong seller’s market based on inventory levels.

 

READ MORE: 

How Important is Inventory when Buying or Selling? Very!!

 

In July 242 homes came on the market, down by 2% from last month. The number of homes going pending (154), excluding homes that closed escrow, also decreased, by 21%, from June pendings.

 

I am happy to provide 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:

What’s my Escondido Home Worth? Escondido Real Estate in June 2015

 

 

 

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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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Comment balloon 6 commentsJeff Dowler • August 20 2015 06:52AM
What’s my Escondido Home Worth? Escondido Real Estate Market July 2015
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What’s my Escondido Home Worth? Escondido Real Estate Market in July 2015 Escondido is an inland community, about 17 miles from the coast just east of San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondidos’ real estate market… more