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

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Encinitas Home?

Encinitas Housing Market Report for March 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 March 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.

 

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Leucadia- Surfers' Beach Community in Encinitas CA

 

In March 30 homes sold in Encinitas, a huge increase by 60% from February. Here’s the breakdown of overall activity.

 

Detached Homes Sold
35 (up 46%), 30 Days on Market, Average Sales Price $1,637,409 (up 6%), Average sale was 96% of original asking price

Attached Homes Sold
13 (up 117%), 34 Days on Market, Average Sales Price $750,730 (down 8%), Average sale was 99% of original asking price

 

Sales volume of Encinitas home sales rose substantially in March from last month for both detached and attached home sales. Detached home sales were down 8% from March 2018 but up by 8% for attached homes.

 

Hampton Cove condos in Encinitas

 

Average sales prices rose modestly for single family detached homes, but dropped for attached homes. Compared to March 2018 average prices were higher by 20% for detached homes, and 19% higher for attached homes.

 

Average days on market increased slightly for detached homes but dropped for attached homes as compared to last month.

 

The median sales price for detached single family homes was $1,454,462 (down 8%) and $660,000 (up 52%) for attached properties.

 

Buyers in the Encinitas real estate market, on average, paid 3 - 4% less than original asking price for their homes; however, 31% of the buyers paid asking price or better for their new homes. 25% of the transactions were for cash (versus 20% in February).

 

Encinitas Community Park sign

 

There were 2 homes with a Contingent status at the end of March, compared to 3 for 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. Both homes are first right of refusals due to contingent offers.

 

For March 2019 the Encinitas real estate inventory increased substantially, by 33%, to 125 (which is well above the March 2018 inventory) following last month’s decrease from January. This represents an inventory of 3.4 months for attached homes, up from 2 months last month, and 3.4 months for detached homes at the current rate of sales, up from 3 months last month (over a 3-month sales period). The Encinitas real estate market remains a strong seller’s market despite the inventory increase.

 

95 Encinitas homes came on the market in March, compared to 54 new listings last month (up 76%); similarly the number of homes going pending in March (excluding homes that actually closed in March) rose by 30%, to 52, from last month.

 

Moonlight Beach in Encinitas

 

I am happy to share more details about real estate in Encinitas with regard to current and recent 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 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 February 2019

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Rainmaker
3,132,594
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

You are seeing some healthy increases in sales activity ...oh to have the inventory to sell !

Apr 10, 2019 02:13 AM #1
Rainmaker
1,494,500
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Jeff, an increase in inventory would be music to my ears. You are always on top of the latest market trends in Encinitas and when buyers and sellers enlist your expertise they can rest easy knowing they are working with the best. 

Apr 10, 2019 04:57 AM #2
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