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 July 2009 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.
READ MORE: Encinitas - An Eclectic Seaside Community
In July 2009 there were 54 homes sold in Encinitas (an 8% increase in sales over June). Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number SOLD
|
54 (up 8%) |
41 (up 14%) |
13 (down 7%) |
|
Days on Market
|
51 |
61 |
16 |
|
Average Sales Price
|
$704,831 (no chng.) |
$812,019 (down 4%) |
$366,776 (up 12%) |
|
Average Sale $/List $
|
97% |
96% |
99% |
Home sales rose again in July in the Encinitas real estate market, but less so than June (which was a significant 43% increase over May's sales). Days on market remained about the same as did the average sales price overall. 3 of the 13 attached homes that sold in July were bank-owned properties.
There were 31 homes with a Contingent status at the end of July (i.e., short sale and REO homes having offers that are being considered by the lenders), 1/3 more than in June. These homes are still considered Active and are included in the overall active statistics.
At the end of July 2009 the Encinitas real estate market had 255 homes for sale, 1 more than in June. This represents an inventory of 4.3 months for attached homes, about the same as June, and 7.6 months for detached homes at the current rate of sales, a decrease from 8.8 months in June (based on a 6-month period).
READ MORE: How Important is Inventory when Buying or Selling? Very!!
69 Encinitas homes came on the market in June (56 detached and 13 attached), compared to 66 the previous month, with 44 going pending during the same time period (30 detached, 14 attached), a decrease of 17% from June.
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 index of what is happening in the Encinitas real estate market. If I can provide more information or answer any specific questions, please let me know.
READ MORE:
Encinitas Real Estate - Encinitas Real Estate Market Report for June 2009
Encinitas Real Estate - Encinitas Market Report for May 2009
Encinitas Real Estate - Encinitas Market Report for April 2009
Encinitas Real Estate - Encinitas Market Report for March 2009
Encinitas Real Estate - Encinitas Market Report for February 2009
Encinitas Real Estate - Encinitas Market Report for January 2009
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If I can provide more information about Encinitas real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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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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Hi Jeff, Looks like the condo market is beginning to respond positively in Encinitas. Sales up, prices look more stable and that bodes well for the rest of the summer market that will most likley take us into fall with good numbers. Overall, an encourging report.
William - well these are similiar trends to some other communities, which bodes well for the near term. Time will tell as we pass the end of the moratorium in CA. It hs been interesting to watch how things shift from month to month.
Jeff