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As a buyer or seller in the Encinitas real estate market, it is important to have information 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 August 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 due to how data may be entered into the MLS system.
In August 2009 there were 38 homes sold in Encinitas (a 30% decrease in sales over July). Here's the breakdown of overall activity.
38 (down 30%)
28 (down 32%)
10 (down 23%)
Days on Market
Average Sales Price
$826,293 (up 17%)
$1,004,973 (up 24%)
$325,990 (down 11%)
Average Sale $/List $
Home sales declined in the Encinitas real estate market across the board. Days on market declined overall and for detached homes but rose for attached properties. In contrast, average sales prices rose dramatically overall, primarily due to a significant increase in the average price of a detached home which rose above $1 million, something we have not seen for over a year, while the average price for an attached home decreased.
There were 32 homes with a Contingent status at the end of August (i.e., short sale and REO homes having offers that are being considered by the lenders), just about the same as July. These homes are still considered Active and are included in the overall active statistics.
At the end of August 2009 the Encinitas real estate market had 249 homes for sale, 6 fewer than in July (down only 2%). This represents an inventory of 4.4 months for attached homes, about the same as July, and 6.8 months for detached homes at the current rate of sales, a decrease from 7.4 months in July (based on a 6-month period).
64 Encinitas homes came on the market in August compared to 69 the previous month, with 40 going pending during the same time period, a decrease of 9% from July.
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 specific information or answer any particular questions, please let me know.
If I can provide more information about Encinitas real estate 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.
If I can provide more information about Carlsbad homes and real estate for sale 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 my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.