What’s my Escondido Home Worth? Escondido Homes Sales in January 2019

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

What’s the Value of my Escondido Home?

Escondido Real Estate Market in January 2019

 

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 for sale.

 

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.

 

A total of 100 homes sold in January, a decrease of 10% from December. Here’s the breakdown of activity.

 

Detached Homes Sold
86 (down 9%), 44 Days on Market, Ave. Sales Price $565,829 (down 3%), Ave. sale 96% of asking price

Attached Homes (condos, town homes) Sold
14 (down 18%), 35 Days on Market, Ave. Sales Price $361,964 (up 17%), Ave. sale 97% of asking price

 

Home sales dropped from last month for detached single family homes, and even more so for attached homes. Average sale prices decreased slightly for detached homes, but increased for attached homes.

 

Buyers were able to negotiate an average of 3 - 4% off their sales prices; however, 25% of the buyers ended up paying full price or more. 9% of the Escondido home buyers paid cash. Marketing time decreased for both attached (condos, town homes) and detached single family homes but remains at over 1 month.

 

The MEDIAN price of the detached homes sold was $513,555 (down 4%), with $350,500 (up 24%) for attached homes compared to last month.

 

Escondido home

 

There were 9 Escondido homes 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), the same as last month; some of these are first right of refusals, others are short sales. These are included in the statistics below.

 

At the end of January there were 348 homes for sale in Escondido, a good increase by 10% from last month. This represents an inventory of 2.7 months for attached properties (up from 2.3 months last month), and 2.9 months for detached homes (up from 2.5 months last month), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market.

 

In January 228 homes came on the market, more than double the number of new listings in December. The number of homes going pending (115), excluding homes that closed, shifted up slightly by 2% from December 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 for you to buy or sell a home in Escondido!

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

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

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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff always great information you give to buyers and sellers on your blog and hope the phone is always ringing.

 

Feb 21, 2019 12:02 PM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Escondido home sellers will be in very good hands when they seek your advice and select you as their listing agent.

Feb 22, 2019 07:08 AM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Will Hamm  - thanks for the kind words. Hope all is well!

Roy Kelley  Thank you, I appreciate the compliment!

Have a great weekend!

Jeff

Feb 22, 2019 12:17 PM #3
Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 24, 2019 02:25 AM #4
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