What’s my Escondido Home Worth? Escondido Home Sales in August 2019

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Escondido Home?

Escondido Real Estate Market in August 2019

 

California Center for the ArtsEscondido is an inland community, about 20 miles from the beaches, depending on your route, and just east of San Marcos.

 

Buyers and sellers in the Escondido housing market need 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 188 homes sold in August, an increase of 3% from July. Here’s the breakdown of activity.

 

Detached Homes Sold
159 (up 10%), 32 Days on Market, Average Sales Price $611,577 (down 9%), Average sale 97% of original asking price

Attached Homes (condos, town homes) Sold
29 (down 22%), 26 Days on Market, Average Sales Price $334,965 (down 1%), Average sale 98% of original asking price

 

Home sales in August increased overall, with a big increase in detached home sales but a decline for attached homes. Average sale prices decreased - modestly for detached homes, and just slightly for attached homes.

 

Buyers were able to negotiate an average of 2 - 3% off the list price; however, 41% of the home buyers ended up paying full price or more for their homes, which is likely due to competitive bidding. 9% of the Escondido home buyers paid cash, the same as the last 2 months. Average marketing time did not change for attached homes and but increased by several days for detached single family homes.

 

The MEDIAN price of the detached homes sold was $560,000 (down 9%), and $360,000 (up by 1%) for attached homes compared to last month.

 

Escondido condos

 

There were 13 Escondido homes on the market with a Contingent status (i.e., in some cases these are short sale or REO homes that have offers being considered by lenders), compared to 17 last month; the majority are first right of refusals, with 6 short sales. These are included in the statistics below.

 

At the end of August there were 414 homes for sale in Escondido, 6% more than last month, and another increase. This represents an inventory of 2.3 months for attached properties (up from 2.1 months last month), and 2.3 months for detached homes (the same as the last 2 months), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market.

 

In August 224 homes came on the market, 19% fewer new listings than in July. The number of homes going pending (183), excluding homes that closed in August, also dropped substantially, by 25%, from July pendings; the market was still busy, but quieter than last month…no doubt due, in part, to the time of year.

 

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, lifestyle and budget, and plan a strategy for you 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 July 2019

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Rainmaker
785,118
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Sounds a wonderful place to live and with homes for sale, whilst inventory is thin it does seem to be increasing slowly giving buyers some choice although it sounds like you have to move pretty fast if you see something you like. Nice report.

Sep 17, 2019 07:47 AM #1
Rainmaker
3,205,356
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, You are always so good with get the word out on your areas and get the word out you do free home worth value for people.

 

Sep 17, 2019 08:14 AM #2
Rainmaker
1,945,249
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff Dowler, CRS - Escondido is a nice area and you have great information for buyers and sellers.

Sep 17, 2019 09:45 AM #3
Rainmaker
1,236,965
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS

Escondido is one of the few areas that I have not been to in your area.  It is nice to get an accounting of the market conditions from the expert.  Buyers looking for a property should give you a call to help them.

Sep 17, 2019 01:07 PM #4
Rainmaker
2,946,268
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Jeff.

From the prices I've seen by others who post about property in California, those are a bargain.

Sep 18, 2019 01:11 AM #5
Rainmaker
2,558,821
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market information for folks buying or selling homes in Escondido, Jeff.

Sep 18, 2019 02:19 AM #6
Rainmaker
1,502,005
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Jeff Dowler, CRS, I've never been to Escondido, however, thanks to your continuous posts, I've learned quite a bit. Those who are looking to buy or sell a home in the area would be wise to call you and work with one of the BEST!

Sep 18, 2019 05:33 AM #7
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