What’s my Encinitas Home Worth? Encinitas Homes for Sale January 2019

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Encinitas Home?

Encinitas Real Estate Market Report for January 2019

 

Moonlight Beach in Encinitas CABuyers 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 January 2019 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.

 

READ MORE:

Encinitas – An Eclectic Seaside Community

Leucadia- Surfers' Beach Community in Encinitas CA

 

In January 31 homes sold in Encinitas, a decrease in sales by 26% from last month, another drop. Here’s the breakdown of overall activity.

 

Detached Homes Sold
20 (down 39%), 49 Days on Market, Ave. Sales Price $1,464,453 (down 21%), Ave. sale 92% of asking price

Attached Homes (condos, town homes twin homes) Sold
11 (up 22%), 46 Days on Market, Ave. Sales Price $814,268 (down 25%), Ave. sale 95% of asking price

 

Sales volume of Encinitas home sales dropped overall in January from last month; detached home sales dropped dramatically but there was a modest increase in attached sales. Detached home sales were up 22% from January 2018 but down by 1 sale (9%) for attached homes.

 

Average sales prices dropped for single family detached homes (in large part due to the sale of 2 high-end homes, 1 at $7M and 1 at $9.75M last month that has raised the average), as well as for attached homes. Compared to the January 2018 average prices were up by 13% for detached homes, and 12% higher for attached homes.

 

Average days on market increased for both detached homes and attached homes as compared to last month.

 

Encinitas golf course homes

 

The median sales price for detached single family homes was $1,464,453 (up 2%) and $745,000 (up 5%) for attached properties.

 

Buyers in the Encinitas real estate market, on average, paid 5 - 8% less than asking price for their homes; however, 16% paid asking price or better. 16% of the transactions were for cash (versus 24% in December).

 

There were 3 homes with a Contingent status at the end of January, compared to 1 last month (i.e., typically these are short sale and foreclosure homes with offers that are being considered by the lenders but some are first right of refusals). 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. All 3 homes are first right of refusals due to contingent offers.

 

For January 2019 the Encinitas real estate inventory increased by 24% to 104 (also well above the January 2018 inventory) following last month’s decrease from November. This represents an inventory of 2.3 months for attached homes, up from 1.5 months last month, and 2.6 months for detached homes at the current rate of sales, up from 1.9 months last month (over a 3-month sales period). The Encinitas real estate market remains a very strong seller’s market.

 

72 Encinitas homes came on the market in January, compared to only 22 new listings last month which is good news for buyers; in contrast, the number of homes going pending in January (excluding homes that actually closed in January) dropped to 30 from last month.

 

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

 

If I can provide 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 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 December 2018

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Encinitas
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
encinitas homes for sale
homes for sale in encinitas
encinitas oceanfront homes for sale
oceanfront homes for sale in encinitas
encinitas beach homes

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,877,844

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information