Encinitas Homes for Sale | Encinitas Real Estate Market Report - January 2011

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Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

Encinitas Real Estate Market Report - January 2011 

Encinitas-Real-Estate-Market-Report-for-January-2011

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 January 2011 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 January 2011, 26 homes sold in the Encinitas real estate market, a decline of 26% from December. Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

26 (down 26%)

18 (down 28%)

8 (down 20%)

Days on Market

70

74

63

Average Sales Price

$782,688 (up 1%)

$940,383 (no change)

$427,875 (up 19%)

Average Sale $/List $

97%

97%

98%

 

Home sales declined in January in the Encinitas real estate market as did the average time on market across the board. Average home prices rose slightly overall, but with a significant increase for attached homes. 

There were 21 homes with a Contingent status at the end of January (i.e., short sale and foreclosure homes having offers that are being considered by the lenders), the same as last month.  These homes are considered Active and are included in the overall active statistics. 

For January 2011 the Encinitas real estate market saw an increase in inventory of 6%, with 246 homes for sale at the end of January (versus 233 last month). This represents an inventory of 6.7 months for attached homes, down from 9.1 months last month, and 5.8 months for detached homes at the current rate of sales, up from 4.1 months in December (based on a 6-month period).

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

95 Encinitas homes came on the market in January as compared to 37 last month (2 ½ times as many as in December); in contrast the number of homes going pending was the same as last month, i.e., 35. 

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 Sale | Encinitas Real Estate Market Report for December 2010

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

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

Encinitas Homes for Sale - 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

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Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Great market report to keep the buyers & sellers on their toes Jeff...hope you are settled in with your new office now.  We're still dealing with the ice stuff here...stuck in my driveway for hours yesterday 'til AAA towed me out!

Feb 04, 2011 11:18 PM #1
Rainmaker
1,101,494
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Jeff you are right on about inventory levels. They are certainly a good measure of how easy it is to sell a property.

Feb 05, 2011 12:27 AM #2
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Jeff, I was showing in this market yesterday. And have a another buyer for this market and the inventory doesn't seem to provide the choices that I expected even with the increased inventory. The drop in sales may also be a natural reflection of this.

Feb 05, 2011 01:50 AM #3
Rainmaker
519,293
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Jeff ... I visited the Encinitas "Coaster" train station landing last week on my way to CAR.org business meetings in San Diego, walked to a local center and pub, visited with some friendly young folks there.  I wondered about your housing market there, so thanks for this update report.

Feb 05, 2011 04:24 AM #4
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Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Jeff w/DOM hanging around 70 and declining absorption rate,  Encinitas real estate market is looking pretty good!

Feb 05, 2011 06:00 AM #5
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Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Looks like you have changed your Encinitas photo a little (new frame?). Number of closings was down? We'll have to see if that's a trend next month.

Feb 05, 2011 06:15 AM #6
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Jeff Dowler, CRS

The Southern California Relocation Dude
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