As a buyer or seller in the Encinitas real estate market, it is important for you to have data 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 October 2008 based on statistics from the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
In October 2008 there were 42 homes sold in Encinitas (essentially the same number sold in September). Here's the breakdown of overall activity.
|
|
TOTAL HOMES
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Detached
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Attached
|
|
Number
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41
|
33
|
8
|
|
Days on Market
|
50
|
52
|
44
|
|
Median Sales Price
|
$635,000
|
$659,700
|
$438,700
|
|
Average $/SF
|
$389/SF
|
$386/SF
|
$396/SF
|
|
Average Sales Price
|
$797,142
|
$864,339
|
$519,956
|
|
Average Sale $/List $
|
94%
|
94%
|
95%
|
At the end of October 2008 there were 264 Encinitas homes for sale, a small increase over September (191 detached, excluding mobile/manufactured homes, and 73 attached homes). This represents an inventory of 7.2 months for attached homes a decline from September) and 6.2 months for detached homes at the current rate of sales, also a decline from September (based on a 6-month period).
The price range of detached homes on the market as of the end of October was $383,562 to $9.795 million; prices for attached homes ranged from $181,900 to $3.9 million.
59 Encinitas homes came on the market in October (46 detached and 13 attached), compared to 51 the previous month, with 19 going pending during the same time period (13 detached, 9 attached), half the number of pendings in September.
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 index of what is happening in the Encinitas real estate market. If I can provide more information, please let me know.
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If I can provide more information about Carlsbad 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 (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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OK. I'm blogging hungry. I was hoping this one would be about food - like maybe a farmers' market? Oh well!