Mortgage lenders are taking on a new title in 2011. When the home owner chooses to default on their mortgage and move into the short sale mode the lender becomes a Debt Settlement Company shortening the time the homeowner can stay in the home without paying their mortgage. Locally, the key metrics below will provide some insight into the Escondido single family home, condo/townhome market and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:
Escondido Single Family Homes
- January, 2011: Escondido Homes for Sale: 750 (Active, contingent, and pending)
- January, 2011: Escondido Months of Inventory: 6.6
- December, 2010: Escondido Median Home Price $312,000; 4% higher than December, 2009
- December, 2010: Escondido Homes Sold: 129; 6% lower than December, 2009
Escondido Condos and Townhomes
- January, 2011: Escondido Condos for Sale: 181 (Active, contingent, and pending)
- January, 2011: Escondido Months of Inventory (Condos): 5.8
- December, 2010: Escondido Median Condo Price: $117,000; 5% higher than December, 2009
- December, 2010: Escondido Condos Sold: 23; 48% lower than December, 2009
This snapshot is a quick summary from The North county Real Estate Report, a free 23 page real estate market report covering all cities in the North County of San Diego and a new addition to San Diego Real Estate Headquarters is the San Diego 2-4 unit Multi Family Market Report. Feel free to browse both current issues and subscribe to The North County Real Estate Report or The San Diego Duplex, Triplex , Fourplex Market Report any time.
Thank you for reading!
Stephen MacLeod
Escondido Realtor®
Highland Realty
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