Carlsbad Real Estate News and Views: What’s my Encinitas Home Worth? Encinitas Homes for Sale January 2020

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 Encinitas Home Worth? Encinitas Homes for Sale January 2020

What’s the Value of my Encinitas Home?

Encinitas Market Report for January 2020

 

Moonlight Beach in Encinitas CABuyers and sellers in the Encinitas real estate market must understand local market conditions, and the impact they have on buying and selling, so they can make informed and educated decisions about Encinitas homes for sale.

 

Here’s what happened in the Encinitas housing market for January 2020 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.

 

READ MORE:

Encinitas – An Eclectic Seaside Community

Leucadia- Surfers' Beach Community in Encinitas CA

 

28 homes sold in Encinitas in January, down 39% from last month. Here’s the breakdown of overall activity.

Detached Homes Sold
21 (down 34%), 47 Days on Market, Average Sales Price $1,629,871 (up 5%), Average sale was 93% of original asking price

Attached Homes (condos, town homes) Sold
7 (down 22%), 30 Days on Market, Average Sales Price $815,214 (up 11%), Average sale was 97% of original asking price

 

Sales volume of Encinitas home sales dropped significantly overall, with fewer single family detached and attached home sales, a trend seen in nearby communities. Looking back 1 year, there was 1 less detached home sale than in January 2019 and 4 fewer attached home sales.

 

The average sales price rose for both single family detached homes and attached homes compared to last month. Compared to January 2019 the average sales price was higher by 11% for the detached homes that sold in 2020, but about the same for the attached homes.

 

The average time on the market was longer for both single family detached homes and the attached homes sales compared to December.

 

The median sales price for detached single family homes was $1,537,000 (up 12%) and $746,000 (up 4%) for attached properties.

 

Encinitas Ranch Home

 

Buyers in the Encinitas real estate market, on average, negotiated 3 - 7% off the original asking price for their homes; however, 14% of the buyers paid asking price or better for their new homes. 11% of the transactions were for cash, fewer than in December.

 

There were 3 homes with a Contingent status at the end of January, versus 1 last month, and all were first right of refusals (i.e., sometimes these are short sale and foreclosure homes with offers that are considered by the lenders but these days most 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.

 

For January 2020 the Encinitas real estate inventory remained about the same, increasing by 1 to 89, with homes ranging in price from 329,000 to $9,500,000. This represents an inventory of 1.3 months for attached homes, down from 1.5 months last month, and 2.5 months for detached homes at the current rate of sales, up from 2.2 months last month (over a 3-month sales period). The Encinitas real estate market remains a very strong seller’s market.

 

60 Encinitas homes came on the market in January, up 76%, which is good news for buyers; similarly, the number of homes going pending in January (excluding homes that actually closed in January) also increased, by 37%, to 37, 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 or particular neighborhoods that are of interest.

 

If I can provide more specific local market information, answer any questions about the local market conditions in general or in specific neighborhoods, or assist you in selling your Encinitas home and/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 December 2019

 

My Jeff Dowler signature

 

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

 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 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 (CA DRE lic #01490977)

Comment balloon 6 commentsJeff Dowler, CRS • February 08 2020 06:25PM

Comments

Encinitas home buyers and sellers are certain to find this real estate market data valuable, Jeff.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 20 days ago

Hi Jeff,

Good post on your market conditions. I am always interested in seeing what other markets are doing. Seems your homes are not on the market very long and prices are increasing which always good.

Posted by Steve Higgins (RE/MAX Kelowna) 20 days ago

Encinitas offers buyers & sellers all kinds of opportunities. Those looking for more information would be wise to contact you first Jeff!

Posted by Debe Maxwell, CRS, The right Charlotte REALTOR! (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 20 days ago

Hi Jeff Dowler, CRS - I just had a thought, do any of your clients pick they area they want to live in strictly by the type of view or beach they will want to spend time at?  

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 20 days ago

Thanks Myrl Jeffcoat - I know it's helpful for me to know what's going on in the local market.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 19 days ago

Hi Steve Higgins 

I always find other's market reports interesting as well. We see some shifts every monthm and each community is a little different. Low inventory remains a challenge here, as in many areas.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 19 days ago

Participate