After last year's shaky real estate purchase market, would-be buyers decided to rent instead of buy. This was, of course, understandable given the wacky ride of the mortgage market and unsure economic conditions. Here's a current long-term rental map of Encinitas:
As you can see, there are many areas where there are simply no homes for rent. ZERO. The situation was worse last summer, and it started to improve last fall, but the rental inventory is still thin. Of course, this is good news for landlords because rental values will be maintained (at the least) and we may see an increase this next year if the inventory does not grow. If you are interested in rentals, you may click here to see an interactive Encinitas Rental Real Estate map.
Note: I've tried to exclude vacation/seasonal rentals from the map because these don't apply to most people looking for a rental and they tend to have higher per-month costs.
John Hokkanen, Encinitas Real Estate
Comments(0)