Market Data for MARCH 2007 - Encinitas, CA

Here are the summary market data for Encinitasfrom the MLS for March 2007. [photo is the entrance to the stairs leading to Swami's Beachin south Encinitas, perhaps the most well known surfing beach in the area - see link BELOW for a review of Encinitas Ranch, a master planned community in Encinitas]

A few interesting things to point out. First, the inventory, while up slightly from last month (about 2%), is still substantially lower than it was at the end of November. Second, the rate of sales has gone up a little, and there is now less than a 6-month supply of detached homes for sale in Encinitas, a drop over the last several months. Buyer activity has picked up now that spring is here, and while the average marketing time is less than last month for attached homes (about the same for detached), there are homes that are selling in 1 week and less in some cases. The median price for attached homes remained the same as February, however it rose 7% for detached homes, which is still less than what prices were 1 year ago.

If you are actively looking at Encinitas homes for sale, do not assume that the home you like is going to sit there forever. And even homes that have been on the market for a long time can disappear all of a sudden as new buyers are entering the market.

AS OF MARCH 31, 2007	ATTACHED HOMES	DETACHED HOMES
Active	74	176
Sold in Last 6 Months	66	186
Sold/Pending In Last 6 months	92	249
Absorption Rate (Solds)	202 days	170 days
Absorption Rate (Solds Plus Pendings)	145 days	127 days
Average Days on Market	81	73
Median Price Change From 1 Year Ago	-11%	-9%
Median Price	$450,000	$830,000
Average Price	$502,400	$1,078,403
% Chng in MDN from prior month	0%	7%
New on Market in March	32	67

As an Encinitas REALTOR, if I can provide more information or answer any questions about the Encinitashousing market, or other surrounding communities (e.g., San Marcos, Del Mar, Solana Beach, Carlsbad/La Costa, Cardiff), please email me at jdowler@remax.net or call my cell (760) 840-1360.

If you are a first time buyer, check out First Time Buyer Central for information on the buying process and everything you need to know as a buyer. And if you are relocating, Relocation A to Z is a great resource.

Here are some other articles that may be of interest to you:

COMMUNITY ARTICLES BY JEFF DOWLER

MARKET REPORTS

Posted by Jeff Dowler ~ Carlsbad Real Estate on 04/10/2007 05:49 PM

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market statistics, encinitas, sellers, buyers, housing market, encinitas homes for sale, jeff dowler

This post has been included in California Information San Diego County, CA Information Encinitas, CA Information

1 Comments on Market Data for MARCH 2007 - Encinitas, CA

If you would like more information on the Encinitas market, please let me know. I would be curious as to what homewoners are hearing and seeing, in addition to the statistics that are reported by the MLS. How ARE you feeling about the market right now? Any concerns?

Jeff

04/29/2007 10:55 AM

by Jeff Dowler ~ Carlsbad Real Estate (RE/MAX Associates)

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What does the graphic say?

Market Data for MARCH 2007 - Encinitas, CA

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