Encinitas, California house market report for December 2011.

Encinitas, at an average price of $1,008,660 and an median price of $880,000 for a detached house, is one of the more desirable areas in North San Diego County. Residents love it here because of its great coastal location.

The totals for detached houses in Encinitas in December, 2011, show 35 homes sold and 122 homes available. That gives us only 134 days of inventory, almost a five months supply. Usually, 5 to 6 months of inventory is considered a balanced market. Therefore Encinitas houses are actually in a balanced market. Fortunately for sellers, sales prices have followed suit with a low inventory. The average sale price increased 18.5% and the median sales price was up 32.3% year-over-year from Dec. 2011.  This is one of the highest price increases in San Diego County.

Sales in Encinitas were up 20.7% over December, 2010 and the inventory is up over 37% over December, 2010, giving Encinitas homebuyers a good selection of homes to choose from.

Of the 122 houses and 50 condos currently available in Encinitas, only 8 of them are bank owned or REO houses. This is down significantly from previous years.

Detached houses start in the low $400,000 range. There is currently one home available for sale under $450,000 and three under $500,000 in Encinitas.

Encinitas is located on the North Coastal area of San Diego County. Known for its good schools, and location on the beach, Encinitas is highly sought after area to live.

If you're buying a home in Encinitas, and you need a knowledgeable Encinitas Realtor to work with, please contact me, Dennis Smith, Encinitas Realtor.