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Most notable is the large increase in sales volume over February, up 35%, due primarily to the 13 attached homes sold in March, a whopping increase over the 2 sold in February; 18 detached homes sold (a decline from 21 February sales). This large increase in the lower priced attached homes likely contributes to the declines in the average and median prices for Encinitas homes sales in March 2009. 
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6 Comments on Encinitas Real Estate - Encinitas Market Report for March 2009
Hi Jeff, Seems like a quiet day here in the Rain. How was the REBar camp? I need to read down in some of your posts for some of the great insights you most likely shared. This past two weeks has been great for business and I haven't had the time to even post, though did write some things that need edited before bring to the Rain. I dropped in the ranks but as bad as that feels, the business I put into escrow was also important. So no complaints, traded one thing for another.
I hope things have also picked up for your business as well and I am sure it has. Your market report here reflects the general trend all over San Diego, Things are popping and I expect Spring will ultimately be said to have been the rise from the ashes that many of us had hoped for. ( at least the ones of that that don't spend every waking moment with REO's and Short Sales. It might be a bit premature to bring out the champagne but it certainly feels different from the last year and a half and it feels encouraging even if short lived.
Jeff, Who was driving when this photo was taken? Good to hear your market is doing well.
More of those cool looking buildings! I love those elevations. I still wish we had those artsy buildings here =( Darn it. South Florida and California get all the cool buildings.
Jeff that is a similar increase to what you also saw in Carlsbad. I like seeing positive numbers in sales, keep it up.
Hi Jeff - It was great to see..."It is noteworthy that 16 of the homes that came on the market in March also went under contract in March (24% of the new listings)."
That certainly is noteworthy. Thanks for the great detailed report!
Jeff, I have been following your market reports regularly and I agree with George that it is good to see sales increases. Is it possible that some of these increases are because of a seasonal effect? Perhaps as we move in to spring the number of sales will increase because more buyers are out? Maybe you could include the month's sales and current inventory and compare it with the corresponding month in the previous year. This would be more likely to show seasonally adjusted data and a year over year trend could be identified. As a prospective buyer this is the kind of data I would be interested in seeing before seriously considering purchasing in what has been a declining market. Thanks for all the great insight and blog entrees. -Dave