Encinitas Real Estate Market Report – August 2011

 

Encinitas Homes for Sale - Homes for Sale in Encinitas

 

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.

 

READ MORE: Encinitas – An Eclectic Seaside Community

 

Leucadia- Surfers' Beach Community in Encinitas CA

 

In August 2011, 52 homes sold in the Encinitas real estate market, 8% more than in July. Here’s the breakdown of overall activity.

 

 

TOTAL HOMES

Detached

Attached

Number

 

52 (up 8%)

34 (down 3%)

18 (up 38%)

Days on Market

 

65

61

74

Average Sales Price

 

$832,893 (up 10%)

$915,073 (up 4%)

$677,665 (up 59%)

Average Sale $/List $

 

95%

95%

96%

 

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.

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

84 Encinitas homes came on the market in August 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.

 

Search for Encinitas Homes for Sale

 

Search for Waterfront Homes for Sale in Encinitas

 

Search for Townhomes for Sale in Encinitas

 

READ MORE:

Encinitas Homes for Sale | Encinitas Real Estate Market Report for July 2011

Encinitas Homes for Sale | Encinitas Real Estate Market Report for June 2011

Encinitas Homes for Sale | Encinitas Real Estate Market Report for May 2011

Encinitas Homes for Sale | Encinitas Real Estate Market Report for April 2011

Encinitas Homes for Sale – Encinitas Real Estate Market Report for March 2011

Encinitas Homes for Sale – Encinitas Real Estate Market Report for February 2011

 

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2 Comments on Encinitas Homes for Sale | Encinitas Real Estate Market Report – August 2011

SEP
08
2011
1,951,998 Points 478 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

WOW! 

$677,665 (up 59%)

 

That a huge increase in average sale price for attached properties.
5:02pm • #1
SEP
09
2011
1,586,413 Points 430 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Lenn

Well it does vary depending on WHAT sells. But for 18 sales, that's a huge change.

Jeff
10:30am • #2


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