Encinitas Homes for Sale | Encinitas Real Estate Market Report – March 2011

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Encinitas Real Estate Market Report - March 2011

 Encinitas Homes for Sale - Homes for Sale in Encinitas

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 March 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 March 2011, 41 homes sold in the Encinitas real estate market, an increase of 28% from February, the second consecutive increase in sales. Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

41 (up 28%)

26 (up 37%)

15 (up 15%)

Days on Market

79

100

44

Average Sales Price

$727,097 (up 22%)

$780,360 (up 2%)

$634,776 (up 83%)

Average Sale $/List $

97%

97%

98%

 Home sales rose again in March in the Encinitas real estate market especially for detached homes. Average home sales prices also increased, particularly for attached homes. 

There were 30 homes with a Contingent status at the end of March (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 March 2011 the Encinitas real estate market saw a modest change in inventory of 4%, with 260 homes for sale at the end of March (versus 249 last month). This represents an inventory of 5.3 months for attached homes, down from 6.2 months last month, and 7.2 months for detached homes at the current rate of sales, up from 6.6 months in February (based on a 6-month period).

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

87 Encinitas homes came on the market in March as compared to 72 last month (21% more than in February); similarly, the number of homes going pending increased over February pendings, from 41 to 51 (up 24%). 

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.

Search for Encinitas Homes for Sale 

READ MORE:

Encinitas Homes for Sale - Encinitas Real Estate Market Report for February 2011

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

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

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Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

I wonder how long the average property sits in contingent status--probably awhile, huh?

Apr 04, 2011 05:13 PM #1
Rainmaker
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Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Jeff

What a great area Encinitas is; great market report. Talking to you soon.

Apr 05, 2011 03:12 PM #2
Rainmaker
1,924,738
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Jeff

What a great area Encinitas is; great market report. Talking to you soon.

Apr 05, 2011 03:12 PM #3
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