What’s my Escondido Home Worth? Escondido home Sales in February 2018

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Real Estate Agent with Solutions Real Estate CalBRE License #01490977

What’s the Value of My Escondido Home Worth? Escondido Real Estate Market in February 2018

 

California Center for the Arts in EscondodiEscondido 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 February 2018 there were 101 homes sold in Escondido, a decrease of 19% from last month. Average sale prices increased modestly for detached homes and for attached. Buyers were able to negotiate an average of 1 - 3% off their sales price; however, 39% of the homes sold for asking price or more. 14% of the transactions were cash, the same as last month. Days on market dropped slightly for single family detached homes but rose for attached homes.

 

Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

101 (down 19%), 36 Days on Market, Ave. Sales Price $572,102 (up 13%), Ave. sale 97% of asking price,

Detached Homes Sold
91 (down 11%), 36 Days on Market, Ave. Sales Price $598,943 (up 9%), Ave. sale 97% of asking price

Attached Homes Sold
10 (down 55%), 38 Days on Market, Ave. Sales Price $327,850 (up 7%), Ave. sale 99% of asking price

 

The MEDIAN price of the detached homes sold was $570,000 (up 4%), with $302,500 (down 14%) for attached homes compared to last month.

 

There were 7 Escondido homes (3% 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 4 last month and more than likely many of the same homes still awaiting approval. These are included in the statistics below.

 

At the end of February there were 232 homes for sale in Escondido, a modest decline in inventory, by 2% from last month. This represents an inventory of less than 1 month for attached properties (the same as the last 4 months), and 2.1 months for detached homes (up from less than 30 days last month), based on the current rate of sales over the last 3 months. The market a very strong seller’s market based on inventory levels.

 

Escondido homes at Rimrock Estates

 

In February 173 homes came on the market, a decrease in new listings by 9% from last month. However the number of homes going pending (143), excluding homes that closed escrow, rose by 3% from January 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 to discuss your needs and budget, and plan a strategy to buy or sell your home in Escondido!

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

What’s my Escondido Home Worth? Escondido Real Estate in January 2018

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Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Jeff Dowler - I never spent much time in Escondido, but I know that you would be the right agent to find clients that special property. 

Mar 11, 2018 11:17 AM #1
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Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

39% at asking price is a rather good percentage for your area Jeff. Thank you for sharing the real estate market stats in Escondido. Happy sales to you!

Mar 11, 2018 07:06 PM #2
Rainmaker
1,318,713
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Jeff, I always find your market reports to be concise and easy to understand. Your knowledge of the Escondido market is apparent. You don't just report the numbers, you explain the story behind them. I wouldn't hesitate to refer buyers and sellers in Escondido to you. You're the local expert.

Mar 12, 2018 05:15 AM #3
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Call Jeff Dowler  to find out what-your -escondido-home- is worth ...Why wonder ????????

Mar 12, 2018 03:38 PM #4
Rainmaker
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Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Jeff Dowler is the man to contact to find out what your Escondido home is worth. And if you're relocating, he is the perfect one because he knows relocation because he's lived it. If you're relocating, ask him about his video series:  

Introduction to my Relocation Tips and Advice Video Series

This is a great series that puts things into property perspective. Jeff is a man you can trust. He wasn't just trained, he lived a full life with years of experience in relocation. 

Mar 14, 2018 06:26 AM #5
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The Southern California Relocation Dude - Carlsbad
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