Carlsbad Real Estate News and Views: California: Escondido

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s my Escondido Home Worth? Escondido Home Sales for July 2018

What’s the Value of my Escondido Home?

Escondido Real Estate Market in July 2018

 

California Center for the Arts in EscondidoEscondido is an inland community, about 17 miles from the beaches and just east of San Marcos.

 

It’s important for buyers and sellers in the Escondido housing market to understand recent trends and current local market conditions in order to make informed decisions about buying and selling Escondido homes for sale.

 

 

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

 

Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

180 (up 8%), 31 Days on Market, Ave. Sales Price $568,902 (no change), Ave. sale 97% of asking price,

Detached Homes Sold
141 (down 1%), 35 Days on Market, Ave. Sales Price $634,238 (up 4%), Ave. sale 97% of asking price

Attached Homes (condos, town homes) Sold
39 (up 63%), 15 Days on Market, Ave. Sales Price $332,686 (no change), Ave. sale 99% of asking price

 

In July 2018 there were 180 homes sold in Escondido, an increase of 8% from last month. Average sale prices increased modestly for detached homes but did not shift for attached homes. Buyers were able to negotiate an average of 1 - 3% off their sales price; however, 41% of the homes sold for asking price or more.

 

11% of the transactions were for cash, compared to 20% last month. Days on market decreased for attached homes (condos, town homes) but went up for detached homes.

 

The MEDIAN price of the detached homes sold was $612,000 (up 7%), with $320,000 (down 8%) for attached homes compared to last month.

 

There were 6 Escondido homes (2% of all active properties) on the market with a Contingent status (i.e., in most cases these are short sale or REO homes that have offers being considered by lenders), versus 15 last month; some of these are first right of refusals. These are included in the statistics below.

 

Homes in Rimrock Estates in Escondido

 

At the end of July there were 391 homes for sale in Escondido, a drop in inventory, by 3%, from last month, following several months of increases. This represents an inventory of 1.2 months for attached properties (down from 1.9 months last month), and 2.3 months for detached homes (down from 2.4 months last month), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market.

 

In July 260 homes came on the market, a decline in new listings by 9% compared to last month. In contrast, the number of homes going pending (176), excluding homes that closed, increased by 11% from June pendings.

 

I am happy to provide more information about current real estate activity in the Escondido real estate market, specific zip codes, and neighborhoods, and answer any questions that you may have about current market conditions, as well as to assist you with the purchase OR sale of a home in Escondido.

 

Please contact me at (760) 840-1360 so we can find the best time to get together to discuss your needs and budget, and plan a strategy to buy or sell a home in Escondido!

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

What’s my Escondido Home Worth? Escondido Real Estate in June 2018

 

My Jeff Dowler signature

 

**************************************

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW

 

Click to Search for All San Diego Homes

At Home In Carlsbad blog

 

365 Things to Do in Carlsbad (and Nearby) on Facebook   

Jeff Dowler's Flickr Profile  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile    Jeff Dowler's Twitter Profile   Jeff Dowler's LinkedIn Profile

 

      CRS Designation Logo

 

ALL ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE (link)

 

If I can provide more information about homes for sale in Carlsbad and in 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

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and San Diego

All content ©Copyright by Jeff Dowler. All rights reserved.

Comment balloon 4 commentsJeff Dowler, CRS • August 18 2018 09:01PM
What’s my Escondido Home Worth? Escondido Home Sales for July 2018
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in July 2018 Escondido is an inland community, about 17 miles from the beaches and just east of San Marcos. It’s important for buyers and sellers in the Escondido housing market… more
What’s my Escondido Home Worth? Escondido Home Sales in June 2018
share
What’s my Escondido Home Worth? Escondido Real Estate Market in June 2018 Escondido is an inland community, about 17 miles from the beaches and just east of San Marcos. It’s important for buyers and sellers in the Escondido housing market to… more
What’s my Escondido Home Worth? Escondido Home Sales for May 2018
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in May 2018 Escondido is an inland community, about 17 miles from the beaches and just east of San Marcos. It’s important for buyers and sellers in the Escondido housing market… more
What’s my Escondido Home Worth? Escondido Home Sales for April 2018
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in April 2018 Escondido is an inland community, about 17 miles from the beaches and just east of San Marcos. Interestingly, one of the most expensive properties in the county is… more
What’s my Escondido Home Worth? Escondido Real Estate Market July 2015
share
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
Escondido Real Estate - A Tour of Escondido: A Diverse Inland San…
share
Escondido CA - A Diverse Inland Community Escondido, California is located about 14 miles inland from Carlsbad and adjacent to San Marcos just west of the I-15 freeway running north and south, given Escondido easy access to San Diego and points… more