What’s my Escondido Home Worth? Escondido Home Sales in December 2017

By
Real Estate Agent with Solutions Real Estate CalBRE License #01490977

What’s the Value of My Escondido Home?

Escondido Real Estate Market in December 2017

 

California Center for the Arts in EscondidoEscondido is an inland community, about 17 miles from the beaches and just east of San Marcos.

 

It’s important for buyers and sellers in the Escondido housing market to understand recent trends and current local market conditions in order to make informed decisions about buying and selling Escondido homes.

 

 

READ MORE:

A Tour of Escondido – A Diverse Inland San Diego Community

 

The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties, or mobile and manufactured homes). The data are believed to be reliable at the time this report was written but are not guaranteed.

 

In December 2017 there were 143 homes sold in Escondido, an increase of 5 % from last month, a contrast to a number of North County San Diego communities. Average sale prices decreased modestly for detached homes, but rose for attached.

 

Buyers were able to negotiate an average of 1 - 3% off their sales price; however, 42% of the homes sold for asking price or more. 17% of the transactions were cash, compared to 13% last month. Days on market dropped below a month for single family detached homes but did not shift for attached homes.

 

Here’s the breakdown of overall activity:

 

TOTAL HOMES SOLD

143 (up 5%), 39 Days on Market, Ave. Sales Price $546,942 (no change) Ave. sale 97% of asking price,

Detached Homes Sold
118 (up 7%), 42 Days on Market, Ave. Sales Price $588,936 (down 2%), Ave. sale 97% of asking price

Attached Homes Sold
25 (down 7%), 29 Days on Market, Ave. Sales Price $348,732 (up 6%), Ave. sale 99% of asking price

 

The MEDIAN price of the detached homes sold was $554,000 (up 1%), with $353,000 (up 20%) for attached homes compared to last month.

 

There were 9 Escondido homes (4% of all active properties) on the market with a Contingent status (i.e., in most cases these are short sale or REO homes that have offers being considered by lenders), versus 19 last month and more than likely many of the same homes still awaiting approval. These are included in the statistics below.

 

Escondido home

 

At the end of December there were 218 homes for sale in Escondido, another decrease in inventory, by 24% from last month (286). This represents an inventory of less than 1 month for attached properties (the same as the last 2 months), and 1.7 months for detached homes (down from 1.8 months last month), based on the current rate of sales over the last 6 months. The market remains very competitive for buyers, and is a very strong seller’s market based on inventory levels, especially for buyers of attached homes (condos, townhomes).

 

In December 106 homes came on the market, a decrease in new listings by 33% from last month. Similarly, the number of homes going pending (98), excluding homes that closed escrow, declined by 21% from November pendings.

 

I am happy to provide more information about current real estate activity in the Escondido real estate market, specific zip codes, and neighborhoods, and answer any questions that you may have about current market conditions, as well as to assist you with the purchase OR sale of a home in Escondido. Please contact me at (760) 840-1360 so we can find the best time to get together and plan a strategy!

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

What’s my Escondido Home Worth? Escondido Real Estate in November 2017

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Rainmaker
2,689,422
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Jeff. If you are working the territory, the answer is only a phone call away! Enjoy your day!

Jan 14, 2018 02:46 AM #1
Rainmaker
3,574,229
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, very nice market update for Escondido, and sounds like 2018 will be another great year for you!  

Jan 14, 2018 06:28 AM #2
Rainmaker
2,633,821
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, as always you are the Realtor to go to to find out what your home is worth.  Make it a great day!

 

Jan 14, 2018 09:23 AM #3
Rainmaker
2,355,532
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jeff, your market reports show your knowledge of the real estate market and makes you the one to call for all Escondido real estate.

Jan 14, 2018 11:57 AM #4
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thanks for stopping by Wayne Martin  Hopefully people that want to know WIIL call!!

Jeff

Jan 14, 2018 12:39 PM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Joan Cox  - looking forward to it.

Thank you kindly Will Hamm . I appreciate your stopping by.

Jeff

Jan 14, 2018 12:40 PM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Rebecca Gaujot 

What a nice compliment! Thanks for stopping by to comment. Enjoy what's left of your weekend!

Jeff

Jan 14, 2018 12:41 PM #7
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