Escondido Real Estate Market Report for April 2011
Escondido is an inland community, about 15 miles from the coast adjacent to San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondido has seen fairly significant shifts in the real estate market with a large number of short sales and foreclosures.
READ MORE: A Tour of Escondido - A Diverse Inland San Diego Community
As a buyer or seller in the Escondido real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Escondido real estate market.
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 but are not guaranteed.
In April 2011 there were 149 homes sold in the Escondido real estate market, an increase of 4% over March. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
149 (up 4%) |
110 (down 2%) |
39 (up 26%) |
|
Average $
|
$296,695 (down 11%) |
$355,037 (down 7%) |
$132,143(down 17%) |
|
Days on Market
|
80 |
79 |
84 |
|
Sale Price/List Price
|
98% |
97% |
98% |
There were 207 Escondido homes (26% 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 April 2011 there were 819 Escondido homes for sale, just 3 more than in March. This represents an inventory of 3.3 months for attached homes (up from 3.9 months in March) and 7 months for detached homes (the same as last month), based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In April 204 homes came on the market, 72% fewer than in March; the number of homes going pending also saw a decrease, down 21% from March pendings to 132.
I am happy to provide you with 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 Homes for Sale in Escondido
READ MORE:
Escondido Homes for Sale | Escondido Real Estate Market Report for March 2011
Escondido Homes for Sale | Escondido Real Estate Market Report for February 2011
Escondido Homes for Sale | Escondido Real Estate Market Report for January 2011
Escondido Homes for Sale | Escondido Real Estate Market Report for December 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for November 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for October 2010
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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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39 attached in all four ZIP codes, really? That doesn't seem like very many.
Melissa
Well I was surprised. Now I did the data a few days into May. Now when I look there are 42 that closed, but not much of a shift.
Jeff
Jeff, those stats are much better than here for sure...Escondido has some action...the pic of the Arts center is great...good info for anyone moving to your area...pick up the phone and give Jeff a call!!
Things are moving rather well around here as well! Great localism post that I am sure your clients love!
Hard to believe it was twenty years ago when I was livning on Camp Pendleton. I had a great time in those cities for a few years that's for sure. Nice to have the LOCAL market statistics for potential clients so like you said they can make an informed decision
Jeff,
Interesting statistics; we always enjoy visiting the area.
Good speed with your Escondido home sales,
Steve