What’s my Encinitas Home Worth? Encinitas Homes for Sale in July 2018

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Encinitas Home?

Encinitas Market Report for July 2018

 

Moonlight Beach in EncinitasBuyers and sellers in the Encinitas real estate market need to understand local market conditions in order to make informed decisions about Encinitas homes for sale.

 

Here’s what happened in the Encinitas housing market for July 2018 based on data from the MLS (private sales are not included nor are manufactured, mobile or multi-family homes). These data are deemed reliable at the time this was written, but are not guaranteed.

 

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Leucadia- Surfers' Beach Community in Encinitas CA

 

In July 57 homes sold in Encinitas, up 14% from last month. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

57 (up 14%), 31 Days on Market, Ave. Sales Price $1,308,890 (down 10%), Ave. sale 98% of asking price

Detached Homes Sold
47 (up 34%), 34 Days on Market, Ave. Sales Price $1,399,377 (down 19%), Ave. sale 97% of asking price

Attached Homes (condos, town homes, twin homes) Sold
10 (down 33%), 17 Days on Market, Ave. Sales Price $883,600 (up 7%), Ave. sale 102% of asking price

 

Sales volume of Encinitas home sales rose in July overall from last month; however, while detached sales were up, attached home sales declined. Detached home sales were up by 31% from July 2017 but down by 44% for attached homes.

 

Average sales prices decreased for single family detached homes (in large part due to the sale of 3 homes over $3M with 1 at almost $6M last month that raised the average), but increased for attached homes. Compared to the July 2017 average prices were down by 16% for detached homes (in part due to the sale of an oceanfront home last July for almost $8M that raised that average), but 48% higher for attached homes (likely due to the sale of 2 properties over $1.4M that raised the average for July 2018).

 

Average days on market increased just by 1 day for both detached homes and attached homes, compared to last month.

 

The median sales price for detached single family homes was $1,240,000 (no change) and $645,500 (down 3%) for attached properties.

 

Buyers in the Encinitas real estate market, on average, paid 2 – 3% less than asking price for their homes; however, 46% paid asking price or better. 26% of the transactions were for cash (versus 46% in June).

 

There were no homes with a Contingent status at the end of July, compared to 3 in June (i.e., typically these are short sale and foreclosure homes with offers that are being considered by the lenders). Contingent homes are considered Active and are included in the overall statistics, but some are no longer available to be shown or may not be accepting offers.

 

For July 2018 the Encinitas real estate inventory increased slightly, by 2, to 121, up 2% from last month, and the 7th inventory increase this year…more good news for Encinitas buyers! This represents an inventory of 1.6 months for attached homes, up from 1.1 months last month, and 2.1 months for detached homes at the current rate of sales, down from 2.7 months last month (over a 3-month sales period). The Encinitas real estate market remains a strong seller’s market, especially for buyers of attached homes.

 

Encinitas golf course homes

 

74 Encinitas homes came on the market in July, compared to 68 new listings last month (up 9%); the number of homes going pending in July (excluding homes that actually sold in July), was the same, at 46, as in June.

 

I am happy to provide more details about the real estate market in Encinitas with regard to current and past activity, as well as in specific communities such as Encinitas Ranch, Leucadia, and Olivenhain.

 

If I can share more specific local market information, answer any questions about the market conditions in general or in specific neighborhoods, or assist you in selling your Encinitas home or buying a new property, please contact me at (760) 840-1360 or at JeffDowlerSolutions@gmail.com so we can sit down and plan the appropriate strategy to help you accomplish your goals.

 

Search for Encinitas Homes for Sale

 

READ MORE:

Encinitas Homes for Sale – What Happened in the Encinitas Real Estate Market in June 2018

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Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Wonderful report on Encinitas homes for sale, Jeff. That's a staggering high number that paid list or above too. The market, despite the slight summer adjustment, still seems to be hot in encinitas!

Aug 07, 2018 09:44 PM #1
Rainmaker
4,469,529
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Jeff Dowler, CRS buyers and sellers should appreciate this well researched data on Encinitas homes.... all homeowners who are thinking about selling would be wise to call you, Jeff, for guidance.... you have a firm handle on the encinitas marketplace, and homeowners should take advantage of that....

Aug 08, 2018 03:57 AM #2
Rainmaker
4,185,182
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Aug 08, 2018 04:28 AM #3
Rainmaker
1,383,847
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Jeff, the market is hot in Encinitas! You're the local expert to contact when buying or selling. Your market reports are always filled with valuable information and easy to understand. 

Aug 08, 2018 05:22 AM #4
Rainmaker
4,479,366
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Jeff.  Thanks for keeping us informed about the real estate market in Encinitas.

Aug 08, 2018 05:32 AM #5
Rainmaker
2,818,164
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. I have the Encinitas market covered! I have your phone number! Enjoy your day!

Aug 08, 2018 05:45 AM #6
Rainmaker
2,628,986
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

That area of California and usually does pretty well from my experience and my hearing what a lot of people say! :)

Aug 09, 2018 11:19 PM #7
Rainmaker
2,628,986
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Wayne Martin It’s a great market to have covered! Good luck with everything if you venture out there! :)

Aug 09, 2018 11:20 PM #8
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