What’s my Escondido Home Worth? Escondido Home Sales in November 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 November 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.

 

READ MORE:

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 130 homes sold in November, a significant decrease of 21% from October. Here’s the breakdown of activity.

 

Detached Homes Sold
103 (down 25%), 40 Days on Market, Average Sales Price $598,673 (down 6%), Average sale 98% of original asking price

 

Attached Homes (condos, town homes) Sold
27 (no change), 34 Days on Market, Average Sales Price $339,903 (up 3%), Average sale 97% of original asking price

 

Home sales in November decreased overall, due to a large decrease in detached home sales but no change for attached home sales. The average sales price decreased slightly for detached homes, but was modestly higher for attached homes than in November.

 

While buyers were able to negotiate an average of 2 - 3% off the original list price, 41% of the home buyers paid full price or more for their homes, which is likely due to competitive bidding in many cases. 10% of the Escondido home buyers paid cash. Average marketing time rose by several days for both detached single family homes and attached home sales.

 

The MEDIAN sales price of the detached homes sold was $575,000 (down 4%), and $360,000 (up 1%) for attached homes compared to last month.

 

There were 18 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 15 last month; the majority are first right of refusals, but 6 are short sales and 1 was an REO. These are included in the statistics below.

 

At the end of November there were 301 homes for sale in Escondido, 10% fewer than last month, the 3rd decline. This represents an inventory of 1.4 months for attached properties (down from 1.8 months last month), and 2.2 months for detached homes (up from 2.1 months last month), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market.

 

Escondido homes

 

In November 197 homes came on the market, 31% fewer new listings than in October, but still about 4 per day. In contrast the number of homes going pending (137), excluding homes that closed in November, was 5% more than the October 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!

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

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

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Escondido values, Escondido deals? Who knows, call Jeff 760-840-1360!  Repeat as necessary. Enjoy your day!

Dec 20, 2019 04:36 AM #1
Rainmaker
1,296,111
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Escondido is more reasonably priced than coastal areas but still very close to beaches. 

Dec 20, 2019 06:38 AM #2
Rainmaker
5,568,961
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home sellers will be in very good hands when they seek your professional real estate advice.

Dec 20, 2019 08:37 AM #3
Rainmaker
2,628,963
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Escondido home buyers and sellers are likely to find this real estate market data valuable, Jeff.

Dec 20, 2019 09:10 AM #4
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the kind words Wayne Martin 

Sheri Sperry - MCNE® It's not a bad trip to the beach from Escondido, except at rush hour, and the values are so much better than closer to the coast.

Jeff

Dec 21, 2019 01:18 PM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you kindly Roy Kelley 

Hi Myrl Jeffcoat Escondido has been an interesting market to watch. They were hit hard by the recession but things have changed significantly. There are some great opportunities if you want to live inland a bit.

Jeff

Dec 21, 2019 01:19 PM #6
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Jeff Dowler, CRS

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