Carlsbad Real Estate News and Views: What’s my Encinitas Home Worth? Encinitas Homes for Sale in April 2019

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What’s my Encinitas Home Worth? Encinitas Homes for Sale in April 2019

What’s the Value of my Encinitas Home?

Encinitas Market Report for April 2019

 

Moonlight Beach in Encinitas CABuyers and sellers in the Encinitas real estate market need to understand local market conditions in order to make informed decisions about Encinitas homes for sale.

 

Here’s what happened in the Encinitas housing market for April 2019 based on data from the MLS (private sales are not included nor are manufactured, mobile or multi-family homes). These data are deemed reliable at the time this was written, but are not guaranteed.

 

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In April 54 homes sold in Encinitas, another increase in sales, by 13% from March. Here’s the breakdown of overall activity.

 

Detached Homes Sold
38 (up 9%), 40 Days on Market, Average Sales Price $1,602,746 (down 2%), Average sale was 98% of original asking price

Attached Homes (condos, town homes) Sold
16 (up 23%), 16 Days on Market, Average Sales Price $694,606 (down 7%), Average sale was 98% of original asking price

 

Sales volume of Encinitas home sales rose in April from last month for both detached and attached home sales. Detached home sales were up 52% from April 2018 but down by 16% for attached homes.

 

Average sales prices dropped slightly for single family detached homes, and more so for attached homes. Compared to the April 2018 average prices were higher by 20% for the detached homes that sold, but 15% lower for the attached homes.

 

The average number of days on market increased for detached homes, and also did so, but substantially, for attached homes as compared to last month.

 

The median sales price for detached single family homes was $1,407,500 (down 3%) and $567,500 (down 14%) for attached properties.

 

Buyers in the Encinitas real estate market, on average, paid 2% less than original asking price for their homes; however, 35% of the buyers paid asking price or better for their new homes. 31% of the transactions were for cash (versus 25% in March).

 

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There was 1 home with a Contingent status at the end of April, compared to 2 for last month (i.e., typically these are short sale and foreclosure homes with offers that are being considered by the lenders but some are first right of refusals). Contingent homes are considered Active and are included in the overall statistics, but some are no longer available to be shown or may not be accepting offers. This home is contingent on court approval.

 

For April 2019 the Encinitas real estate inventory decreased by 10%, to 121 (which is still well above the April 2018 inventory and 16% more than in January of this year) following the increase from February to March. This represents an inventory of 2.6 months for attached homes, down from 3.4 months last month, and 2.8 months for detached homes at the current rate of sales, down from 3.4 months last month (over a 3-month sales period). The Encinitas real estate market remains a very strong seller’s market.

 

86 Encinitas homes came on the market in April, compared to 95 new listings last month (down 9%); in contrast, however, the number of homes going pending in April (excluding homes that actually closed in April) rose by 21%, to 63, from last month.

 

I am happy to share more details about real estate in Encinitas with regard to current and past activity, as well as in specific communities including Encinitas Ranch, Leucadia, and Olivenhain.

 

If I can provide more specific local market information, answer any questions about the market conditions in general or in specific neighborhoods, or assist you in selling your Encinitas home or buying a new property, please contact me at (760) 840-1360 or at JeffDowlerSolutions@gmail.com so we can sit down and plan the appropriate strategy to help you accomplish your goals.

 

SEARCH FOR ENCINITAS HOMES FOR SALE

 

READ MORE:

Encinitas Homes for Sale – What Happened in the Encinitas Real Estate Market in March 2019

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase 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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Comment balloon 4 commentsJeff Dowler, CRS • May 06 2019 02:33PM

Comments

Good morning Jeff Dowler, CRS, I wonder if homes were priced higher than market value to begin with. The number of sales is great indication buyers are out looking for their Encinitas home.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 3 months ago

Hi Jeff Dowler, CRS

People want to live at the beach and I am sure that prices will continue to rise as we approach summer.  Your local knowledge and reports are first rate and give your readers a clear choice in the market place. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 3 months ago

Good morning Jeff - interesting that prices decreased probably case by a mix in the range of homes I guess.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 3 months ago

Jeff, your in-depth knowledge of the Encinitas real estate market never disappoints. Concise but, very easy to process and understand. Buyers and sellers who contact you will not be disappointed, they will be working with the best. 

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group Brokered By eXp Realty) 3 months ago

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