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 Real Estate Market May 2020

What’s the Value of my Escondido Home?

Escondido Home Sales in May 2020

 

California Center for the Arts In EscondidoEscondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, 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 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.

 

A total of 103 homes sold in May, just 4 fewer sales than last month and likely due to the pandemic. Here’s the breakdown of activity.

 

Detached Homes Sold
82 (down 9%), 23 Days on Market, Average Sales Price $665,405 (no change), Average sales price was 99% of original asking price

 

Attached Homes (condos, town homes) Sold
21 (up 24%), 20 Days on Market, Average Sales Price $324,138 (up 4%), Average sales price was 100% of original asking price

 

Home sales in May dropped overall modestly, with fewer detached home sales but more attached sales. The average sales price rose slightly for attached homes, but did not shift for detached homes compared to April prices.

 

 

While buyers were able to negotiate an average of 1% off the original list price, half (50%) of the home buyers paid full price or more for their homes, despite the pandemic, which is likely due to competitive bidding. 2% of the Escondido home buyers paid cash for their homes.

 

Average marketing time was about the same for both detached single family homes and attached home sales at about 3 weeks, so buyers made decisions quickly – 38 of the homes (37%) went pending in 1 week or less!

 

The MEDIAN sales price of the detached homes sold was $605,000 (down 2%), and $358,000 (up 15%) for attached homes compared to last month.

 

There were 16 Escondido homes on the market with a Contingent status (i.e., in some cases these are short sale or REO homes that have offers being considered by lenders but others are first right of refusals), compared to 12 last month; 5 are short sales and the rest are first right of refusals. These are included in the statistics below.

 

Home at Rimrock in Escondido CA

 

At the end of May there were 202 homes for sale in Escondido, down 13% from last month. This represents an inventory of only 1.8 months for attached properties (rising from 1.4 months last month), and 1.6 months for detached homes (down from 1.8 months last month), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market despite the pandemic.

 

In May 194 homes came on the market, 40% more new listings than in April, despite the pandemic, and good news for buyers with 6 homes listed per day. Similarly, the number of homes going pending doubled from 93 in April to 192 in May, signs of an active market during the pandemic.

 

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

 

Please contact me at (760) 840-1360 so we can find the best time to get together and discuss your particular housing needs, lifestyle, and budget, then plan a strategy for you to buy your new Escondido home in 2020!

 

And if you are planning to sell your home, I will provide you with a market value and equity analysis, and discuss your timing and plans so we can create the right strategy to get your home sold quickly and for the best price, terms and conditions.

 

Be aware there are specific recommendations in place to help keep everyone safe for showings, and some new procedures as the result of the SIP Order that impacts the buying and selling process in our area. I am happy to share information with you and answer any questions about what this means for buyers and sellers, and what to expect when buying or selling a home in today’s housing market.

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

What’s my Escondido Home Worth? Escondido Real Estate in April 2020

 

My Jeff Dowler signature

 

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

eXpRealty of California, Inc. logo

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW (just click)

 

Click to Search for All San Diego Homes

 

Free Home Valuation Button

 

My "At Home In Carlsbad" blog (click photo)

At Home In Carlsbad blog

 

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

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

 

      Certified Residential Specialist (CRS) logo

 

MORE ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE (link)

 

If I can provide more information about homes for sale in Carlsbad and in surrounding areas, local housing market conditions, or assist you, friends or family in a purchase or sale, please call or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

HOW ABOUT A FREE EQUITY ANALYSIS ON YOUR CURRENT HOME?

CALL or TEXT ME AT (760) 840-1360

 

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  Greater San Diego

All content ©Copyright 2020 by Jeff Dowler. All rights reserved.

eXp Realty of California, Inc. (CA DRE lic #01490977)

Comment balloon 6 commentsJeff Dowler, CRS • June 16 2020 12:00AM
What’s my Escondido Home Worth? Escondido Real Estate Market May 2020
share
What’s the Value of my Escondido Home? Escondido Home Sales in May 2020 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. It’s important for buyers… more
What’s my Escondido Home Worth? Escondido Home Sales for April 2020
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in April 2020 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. It’s important… more
What’s my Escondido Home Worth? Escondido Home Sales for March 2020
share
What’s the Value of My Escondido Home? Escondido Real Estate Market in March 2020 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. It’s important… more
What’s my Escondido Home Worth? Escondido Home Sales in February 2020
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in February 2020 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. It’s… more
What’s my Escondido Home Worth? Escondido Home Sales in January 2020
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in January 2020 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. Buyers and… more
What’s my Escondido Home Worth? Escondido Home Sales in December 2019
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in December 2019 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. Buyers and… more
What’s my Escondido Home Worth? Escondido Home Sales in November 2019
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in November 2019 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. Buyers and… more
What’s my Escondido Home Worth? Escondido Home Sales for October 2019
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in October 2019 Escondido is an inland community in North San Diego County, about 20 miles from the beaches, depending on your route, and just east of San Marcos. Buyers and… more
What’s my Escondido Home Worth? Escondido Home Sales in September 2019
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in September 2019 Escondido is an inland community, about 20 miles from the beaches, depending on your route, and just east of San Marcos. Buyers and sellers in the Escondido… more
What’s my Escondido Home Worth? Escondido Home Sales in August 2019
share
What’s the Value of my Escondido Home? Escondido Real Estate Market in August 2019 Escondido is an inland community, about 20 miles from the beaches, depending on your route, and just east of San Marcos. Buyers and sellers in the Escondido… more