Encinitas Real Estate Market Report October 2009
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 October 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.
READ MORE: Encinitas - An Eclectic Seaside Community
In October 2009, 43 homes sold in Encinitas, 3 more than in September. Here's the breakdown of overall activity.
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TOTAL HOMES
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Detached
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Attached
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Number
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43 (up 8%)
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31 (down 6%)
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12 (up 71%)
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Days on Market
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60
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64
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50
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Average Sales Price
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$680,226 (down 18%)
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$794,113 (down 13%)
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$386,020 (down 16%)
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Average Sale $/List $
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96%
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98%
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96%
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Home sales rose modestly in the Encinitas real estate market due to more attached home sales (detached home sales declined). Average sales prices declined across the board.
There were 26 homes with a Contingent status at the end of September (i.e., short sale and REO homes having offers that are being considered by the lenders), 24% fewer than last month. These homes are considered Active and are included in the overall active statistics.
For October 2009 the Encinitas real estate market saw no change in inventory over September, with 237 homes for sale at the end of the month. This represents an inventory of 5.3 months for attached homes, up from 5.1 months in September, and 5.2 months for detached homes at the current rate of sales, another decrease, from 5.4 months in September (based on a 6-month period).
READ MORE: How Important is Inventory when Buying or Selling? Very!!
82 Encinitas homes came on the market in October compared to 61 the previous month (a 34% increase). In contrast 60 homes went pending during the same time period, the same as last month.
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 sense 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.
READ MORE:
Encinitas Real Estate - Encinitas Real Estate Market Report for September 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for August 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for July 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for June 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for May 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for April 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for March 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for February 2009
Encinitas Real Estate - Encinitas Real Estate Market Report for January 2009
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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.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Jeff
Although the average sales price is down; the number of sales are increasing. Hope it builds momentum.