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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 2011 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 2011, 52 homes sold in the Encinitas real estate market, 8% more than in July. Here’s the breakdown of overall activity.
52 (up 8%)
34 (down 3%)
18 (up 38%)
Days on Market
Average Sales Price
$832,893 (up 10%)
$915,073 (up 4%)
$677,665 (up 59%)
Average Sale $/List $
Overall home sales rose in August for attached homes but declined for detached in the Encinitas real estate market. Average home sales prices shifted upward overall, the opposite of last month. Days on market also declined across the board.
There were 24 homes with a Contingent status at the end of August (i.e., short sale and foreclosure homes having offers that are being considered by the lenders), about the same as the last 3 months.These homes are considered Active and are included in the overall active statistics.
For August 2011 the Encinitas real estate market saw a 6% decrease in inventory, with 272 Encinitas homes for sale at the end of August (versus 290 last month). This represents an inventory of 5.4 months for attached homes, down from 6 months in July, and 5.4 months for detached homes at the current rate of sales, down from 5.4 months in July (over a 6-month sales period). The Encinitas real estate market appears to becoming much more competitive and trending toward more of a buyer’s market overall.
84 Encinitas homes came on the market inAugust as compared to 79 last month (down 10%), a decline for the 2nd month in a row; the number of homes going pending declined from June pendings, from 51 to 37(down 27%).
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.
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.