Encinitas Homes for Sale | Encinitas Real Estate Market Report | November 2010

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Encinitas Real Estate Market Report - November 2010

Encinitas Real Estate Market Report - November 2010 

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 November 2010 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 November 2010, 35 homes sold in the Encinitas real estate market, 30% less than last month. Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

35 (down 30%)

24 (down 27%)

11 (down 35%)

Days on Market

97

106

77

Average Sales Price

$813,983 (no change)

$999,226 (down 10%)

$409,818 (down 5%)

Average Sale $/List $

95%

95%

96%

Home sales shifted in the Encinitas real estate market with a decrease in sales across the board. 

There were 29 homes with a Contingent status at the end of November (i.e., short sale and foreclosure homes having offers that are being considered by the lenders), a decline from last month.  These homes are considered Active and are included in the overall active statistics. 

For November 2010 the Encinitas real estate market saw essentially no change in inventory, with 270 homes for sale at the end of November (versus 268 last month). This represents an inventory of 10.7 months for attached homes, up from 7.4 months last month, and 7.1 months for detached homes at the current rate of sales, up from 5 months in October (based on a 6-month period), another decline.

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

67 Encinitas homes came on the market in November compared to 62 last month (dup 8%); the number of homes declined, 32 as compared to 38 last month (down 16%). 

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. 

READ MORE:

Encinitas Homes for Sales - Encinitas Real Estate Market Report for October 2010

Encinitas Homes for Sales - Encinitas Real Estate Market Report for September 2010

Encinitas Homes for Sale - Encinitas Real Estate Market Report for August 2010

Encinitas Homes for Sale - Encinitas Real Estate Market Report for July 2010

Encinitas Homes for Sale - Encinitas Real Estate Market Report for June 2010

Encinitas Real Estate - Encinitas Real Estate Market Report for May 2010

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