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 February 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
In February 2010, 35 homes sold in Encinitas, 1 more than last month. Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
35 (up 3%) |
25 (up 19%) |
10 (down 23%) |
|
Days on Market
|
80 |
78 |
88 |
|
Average Sales Price
|
$790,533 (down 1%) |
$994,441 (no change) |
$485,192 (down 9%) |
|
Average Sale $/List $
|
98% |
97% |
102% |
Home sales shifted in the Encinitas real estate market with an increase in detached home sales, but a large downward shift in attached sales. The average sales price of a single family Encinitas home did not change again, whereas attached homes dropped by 9%.
There were 34 homes with a Contingent status at the end of February (i.e., short sale and REO homes having offers that are being considered by the lenders), 3 less than last month. These homes are considered Active and are included in the overall active statistics.
For February 2010 the Encinitas real estate market saw another increase in inventory, with more homes for sale (242) than in January (13%). This represents an inventory of 4.8 months for attached homes, up from 4.5 months last month, and 6.4 months for detached homes at the current rate of sales, down from 5.4 months in January (based on a 6-month period).
READ MORE: How Important is Inventory when Buying or Selling? Very!!
91 Encinitas homes came on the market in February compared to 89 the previous month, and the number of homes going pending also rose, by 11%, to 50.
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 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 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
Encinitas Real Estate - Encinitas Real Estate Market Report for May 2009
Encinitas Real Estate - Encinitas Real Estate 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 © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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ALL ABOUT THE CALIFORNIA RELOCATION DUDE
If I can provide more information about Carlsbad real estate 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 me by phone or text 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, Carmel Valley, Escondido, and San Diego
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Interesting that average sale to list was 102%--must've been one deal that closed well over list price, huh?
You can see that only the very well priced homes are selling and at or near list price.
Melissa - It seems to be a number of REOs that closed over asking.
Terry - and that seems to be generally true for all markets, isn't it? Price it well and it will sell. Our mantra.
Jeff