Escondido Real Estate Market Report for December 2010
Escondido is an inland community, about 15 miles from the coast adjacent to San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondido has seen fairly significant shifts in the real estate market with a large number of short sales and foreclosures.
READ MORE: A Tour of Escondido - A Diverse Inland San Diego Community
As a buyer or seller in the Escondido real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Escondido real estate market.
The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed.
In December 2010 there were 149 homes sold in the Escondido real estate market, a whopping 62% increase over November. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
149 (up 62%) |
127 (up 67%) |
22 (up 38%) |
|
Average $
|
$323,577 (up 3%) |
$357,762 (up 2%) |
$126,238 (down 8%) |
|
Days on Market
|
81 |
80 |
85 |
|
Sale Price/List Price
|
97% |
97% |
101% |
There were 172 Escondido homes (24% of all active properties) on the market with a Contingent status, i.e., short sale or REO homes that have offers being considered by lenders. These are included in the statistics below.
At the end of December 2010 there were 728 Escondido homes for sale, 8% less than in November, the second month of decline in inventory. This represents an inventory of 4.6 months for attached homes (down from.7 months in November) and 5.3 months for detached homes (down from 7.4 months in November), based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In December 137 homes (down 16% from last month) came on the market, and 135 homes went pending, a decrease of 4% over November pendings.
I am happy to provide you with more information about current real estate activity in the Escondido real estate market and answer any questions that you may have about current market conditions.
READ MORE:
Escondido Homes for Sale | Escondido Real Estate Market Report for November 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for October 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for September 2010
Escondido Homes for Sale | Escondido Real Estate Market Report for August 2010
Escondido Homes for Sale - Escondido Real Estate Market Report for July 2010
Escondido Homes for Sale - Escondido Real Estate Market Report for June 2010
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