Escondido Homes for Sale | Escondido Real Estate Market Report for March 2011

By
Real Estate Agent with eXp Realty of California CA DRE #01490977

Escondido Real Estate Market Report for March 2011

Escondido Homes for Sale - Homes for Sale in Escondido Ca 

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 March 2011 there were 143 homes sold in the Escondido real estate market, an increase of 32% over February. Here's the breakdown of overall activity. 

  

TOTAL

DETACHED

ATTACHED

# Sold

143 (up 32%)

112 (up 37%)

31 (up 19%)

Average $

$334,007 (up 15%)

$382,380 (up 12%)

$159,241 (up 19%)

Days on Market

89

84

107

Sale Price/List Price

98%

98%

98%

 

There were 211 Escondido homes (26% 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 March 2011 there were 816 Escondido homes for sale, 5% more than in February. This represents an inventory of 3.9 months for attached homes (down from 4.5 months in February) and 7 months for detached homes (up from 6.5 months in February), based on the current rate of sales over the last 6 months. 

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

In March 260 homes came on the market, up 8% from February; pendings also saw an increase, up 21% over February 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 February 2011  

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

Escondido Homes for Sale | Escondido Real Estate Market Report for December 2010  

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

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