What’s my Escondido Home Worth? Escondido Home Sales for October 2019

Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Escondido Home?

Escondido Real Estate Market in October 2019


California Center for the Arts in EscondidoEscondido is an inland community in North San Diego County, 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.




A Tour of Escondido – A Diverse Inland San Diego Community


The following data are taken from the 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 164 homes sold in October, a significant increase of 17% from September. Here’s the breakdown of activity.


Detached Homes Sold
137 (up 25%), 33 Days on Market, Average Sales Price $639,233 (down 1%), Average sale 98% of original asking price

Attached Homes (condos, town homes) Sold
27 (down 9%), 31 Days on Market, Average Sales Price $330,477 (up 7%), Average sale 98% of original asking price


Home sales in October increased overall, due to a large increase in detached home sales but fewer attached home sales than last month. The average sales price decreased slightly for detached homes, but was higher for attached homes than in September.


While buyers were able to negotiate an average of 2% off the original list price, 33% of the home buyers paid full price or more for their homes, which is likely due to competitive bidding in many cases. 12% of the Escondido home buyers paid cash. Average marketing time dropped by several days detached single family homes but was the same as last month for the attached home sales, and remains around 1 month.


The MEDIAN sales price of the detached homes sold was $600,000 (up 2%), and $356,000 (up 14%) for attached homes compared to last month.


Escondido homes


There were 15 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 but in others first right of refusals), versus 13 last month; the majority are first right of refusals, but 6 are short sales. These are included in the statistics below.


At the end of October there were 335 homes for sale in Escondido, 5% fewer than last month. This represents an inventory of 1.8 months for attached properties (up from 1.5 months last month), and 2.1 months for detached homes (no change), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market.


In October 197 homes came on the market, 15% more new listings than in September, about 6 per day. In contrast the number of homes going pending (130), excluding homes that closed in October, dropped substantially, by 16%, from September pendings.


I am happy to provide more information about current real estate activity in the Escondido real estate market, specific zip codes, and neighborhoods that interest you, and answer any questions about the 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 and discuss your needs, lifestyle and budget, then plan a strategy for you to buy or sell your home in Escondido!





What’s my Escondido Home Worth? Escondido Real Estate in September 2019


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
California San Diego County Escondido
Market Updates
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
escondido real estate market
escondido homes for sale
homes for sale in escondido
escondido condos for sale
escondido townhomes for sale
townhomes for sale in escondido

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market data for home buyers and sellers in Escondido, Jeff.

Nov 16, 2019 05:53 PM #1
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jeff Dowler, CRS buyers and sellers should appreciate this market data on Escondido and they would be wise to call you for guidance with their real estate journey....

Nov 17, 2019 03:09 AM #2
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Thanks for the update. A strong sellers market that buyers should be aware of before making offers. Sometimes paying more than asking will keep you in the hunt. Having a professional for guidance will keep you from being a fool. Enjoy your day!

Nov 17, 2019 05:10 AM #3
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home sellers will be in very good hands when they select you as their listing agent.

Nov 17, 2019 12:02 PM #4
Post a Comment
Spam prevention
Show All Comments

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

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


Jeff Dowler, CRS

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

Additional Information