Welcome back,
Nationally July existing homes sales were off 27.2%, at an annual rate of 3.83 million, well below the expected 4.65 million rate. The months' supply went from 8.9 to 12.5 and there was also a rise in inventories. Locally the key matrics below will provide some insight into the Encinitas single family home, condo/townhome market and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:
Encinitas Single Family Homes
- August, 2010: Encinitas Homes for Sale: 266 (Active, contingent, and pending)
- August, 2010: Encinitas Months of Inventory: 8.5
- July, 2010: Encinitas Median Home Price $863,000; 23% higher than July, 2009
- July, 2010: Encinitas Homes Sold: 38; 16% lower than July, 2009
Encinitas Condos and Townhomes
- August, 2010: Encinitas Condos for Sale: 109 (Active, contingent, and pending)
- August, 2010: Encinitas Months of Inventory (Condos): 8.2
- July, 2010: Encinitas Median Condo Price: $356,000; 9% lower than July, 2009
- July, 2010: Encinitas Condos Sold: 7; 46% lower than July, 2009
Thank you for reading!
Stephen MacLeod
Highland Realty
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