The Encinitas Luxury Home Market for 2014
The luxury home market in Encinitas, Carlsbad’s neighbor to the south, for 2014 was alive and well. Forty single family detached homes sold that fit the traditional criteria for a luxury home – the top 10% of homes sold in the last 12 months for a particular community.
Encinitas luxury homes that sold in 2014 ranged from $1,749,500 to 10,500,000, with 44% of these properties selling for cash (vs. 28% in Carlsbad), more than the average for Encinitas as a whole (25% for 2014).
Luxury homes were on the market for an average of 71 days, but several homes languished on the market for over 200 days (based on the most recent contract, not any prior listings).
These luxury homes in Encinitas sold, on average, for 93% of the list price, with 8 of them (20%) selling at or above the asking price (range of 76% to 103%). These data are fairly consistent with the overall statistics for all Encinitas homes sold in 2014.
The average price of an Encinitas luxury home sold in 2014 was $2,913,524; the median price was $2,190,000.
A number of the luxury homes were direct oceanfront, not a surprise given the cost of waterfront properties in the area, especially on Neptune Avenue.
Currently there are 35 homes on the market in Encinitas listed at the $1,749,500 price point and above, with 10 of them priced at over $3.5million.
Are you interested in buying a luxury home in Encinitas? Start your search using the links below – the information is updated continuously on the MLS.
Or call me at (760) 840-1360 and I will create a customized search for you based on your criteria.
SEARCH FOR ENCINITAS HOMES FOR SALE OVER $1,750,000
SEARCH ALL ENCINITAS HOMES FOR SALE
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