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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.
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READ MORE: A Tour of Escondido ? A Diverse Inland San Diego Community
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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.
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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.
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In July 2011 there were 157 homes sold in the Escondido real estate market, up by 6% from June sales. Here?s the breakdown of overall activity.
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|
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TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
157 (up 6%) |
136 (up 7%) |
21 (no change) |
|
Average $ |
$326,031 (up 2%) |
$358,255 (up 3%) |
$117,345 (down 16%) |
|
Days on Market |
69 |
72 |
50 |
|
Sale Price/List Price |
97% |
97% |
98% |
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There were 220 Escondido homes (27% 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.
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At the end of July 2011 there were 828 Escondido homes for sale, just 5 fewer homes than in June (down 1%). This represents an inventory of 2.9 months for attached homes (down from 3.1 months in June) and 6.3 months for detached homes (down from 6.8 months in June), based on the current rate of sales over the last 6 months.
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READ MORE:? ?How Important is Inventory when Buying or Selling? Very!!
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In July 186 homes came on the market, down 29% from June, perhaps not unusual given the time of year; the number of homes going pending declined again, by 8%, to 147 from 159 in June.
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I am happy to provide 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.
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Search for Escondido Homes for Sale
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READ MORE:
Escondido Homes for Sale | Escondido Real Estate Market Report for June 2011
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Escondido Homes for Sale | Escondido Real Estate Market Report for May 2011
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Escondido Homes for Sale | Escondido Real Estate Market Report for April 2011
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Escondido Homes for Sale | Escondido Real Estate Market Report for March 2011
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Escondido Homes for Sale | Escondido Real Estate Market Report for February 2011
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Escondido Homes for Sale | Escondido Real Estate Market Report for January 2011
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ALL ABOUT THE CALIFORNIA RELOCATION DUDE
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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
Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News
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