ESCONDIDO REAL ESTATE MARKET REPORT FOR MAY 2010

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. 

READ MORE: A Tour of Escondido - A Diverse Inland San Diego Community 

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. 

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. 

In May 2010 there were 197 homes sold in the Escondido real estate market, substantially more than last month. Here's the breakdown of overall activity. 

Sales volume shifted upwards over the previous month overall and for detached homes but declined modestly for attached. Average sales prices followed a similar trend, while days on market rose, on average.  

There were 246 Escondido homes (34% 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. 

At the end of May 2010 there were 718 Escondido homes for sale, a slight uptick in inventory of just 1% over April. This represents an inventory of 3.1 months for attached homes (another decline, down from 3.3 months last month) and 4.8 months for detached homes (down from 5.5 months), based on the current rate of sales over the last 6 months. 

READ MORE:   How Important is Inventory when Buying or Selling? Very!! 

In May 219 homes (9% fewer than last month) came on the market, and 120 homes went pending, a substantial decline from April. 

I am happy to provide you with 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. 

READ MORE:  

Escondido Real Estate - Escondido Real Estate Market Report for April 2010 

Escondido Real Estate - Escondido Real Estate Market Report for March 2010  

Escondido Real Estate - Escondido Real Estate Market Report for February 2010  

Escondido Real Estate - Escondido Real Estate Market Report for January 2010  

Escondido Real Estate - Escondido Real Estate Market Report for December 2009

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 If I can provide more information about Escondido 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 or email me at JDowler@remax.net.

All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits