As a buyer or seller in the Encinitas real estate market, it is important for you to have data 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 January 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.
In January 2009 there were 29 homes sold in Encinitas (a 21% increase in sales over December). Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
29 |
21 |
8 |
|
Days on Market
|
71 |
69 |
76 |
|
Median Sales Price
|
$546,000 (up 5%) |
$640,000 (down 2%) |
$449,000 (up 50%) |
|
Average Sales Price
|
$717,732 (up 12%) |
$830,988 (up 4% |
$420,437 (up 12%) |
|
Average Sale $/List $
|
95% |
94% |
95% |
At the end of January 2009 there were 228 Encinitas homes for sale, a 3% decrease over December (176 detached, excluding mobile/manufactured homes, and 52 attached homes). This represents an inventory of 5.4 months for attached homes, a decrease from December) and 8.1 months for detached homes at the current rate of sales, a significant decrease from December (based on a 6-month period) when it was about 12 months. months.
The price range of detached homes on the market as of the end of January was $375,000 to $8.5 million; prices for attached homes ranged from $225,000 to $3.9 million.
71 Encinitas homes came on the market in January (58 detached and 13 attached), compared to 44 the previous month, with 35 going pending during the same time period (27 detached, 8 attached), about the same number as in December.
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, please let me know.
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If I can provide more information about Carlsbad 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 © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Jeff good to hear that your inventory levels are dropping. Hopefully it will be a good Spring.
Hi Jeff,
Good info for Encinitas. Looks like a pretty wide spread, $375,000 to 8,500,000.
Looks like things are improving there. Let's hope for a good 2009. Best of luck.
Bill - overall we are poised for an encouraging spring market, despite the nunber of short sales, etc. Folks ARE buying bu prices are still adjusting.
Lynda - yep, still amazes me in some communities that there can be such a disparity.
Thanks, Michael. Time will tell. We'll see wat happens with the bank sales since there are supposedly a bunch of them to be released, at least that is the gossip.
Jeff