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

 

California Center for the Arts in Escondido CAEscondido 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 December, a significant increase by 27% from December, a trend seen in other communities. Here’s the breakdown of activity.

 

Detached Homes Sold
131 (up 27%), 41 Days on Market, Average Sales Price $622,765 (up 4%), Average sale 97% of original asking price

 

Attached Homes (condos, town homes) Sold
34 (up 26%), 37 Days on Market, Average Sales Price $329,201 (down 3%), Average sale 98% of original asking price

 

Home sales in December increased significantly overall, and for both detached and attached home sales. The average sales price increased for detached homes, but was modestly lower for attached homes than in December.

 

 

While buyers were able to negotiate an average of 2 - 3% 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. 9% 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 (no change), and $331,000 (down 8%) for attached homes compared to last month.

 

Homes at Rimrock Estates in Escondido

 

There were 9 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 18 last month; the majority are first right of refusals, but 5 are short sales. These are included in the statistics below.

 

At the end of December there were 202 homes for sale in Escondido, 33% fewer than last month, the 4th decline. This represents an inventory of 1.1 months for attached properties (down from 1.4 months last month), and 1.3 months for detached homes (down from 2.2 months last month), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market.

 

In December 197 homes came on the market, almost half the number of new listings than in November (down 47%). Similarly, the number of homes going pending (109), excluding homes that closed in December, was 20% less than November 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 November 2019

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

Good morning Jeff. What I know about California real estate is inventory low, prices high thanks to you and John Pusa. Enjoy your day!   

Jan 16, 2020 04:19 AM #1
Rainmaker
5,174,128
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jeff Dowler, CRS well, that's a more affordable marketplace than what I typically see.... potential sellers would be wise to call you, Jeff, for guidance with their future listing....

Jan 16, 2020 04:46 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. 

Jan 16, 2020 07:59 AM #5
Rainmaker
2,886,689
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jeff Dowler, CRS very good informative report about Escondido home values and sales in December 2019.

Jan 16, 2020 02:00 PM #10
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the compliment Roy Kelley 

Hi John Pusa I appreciate the kind words!

Jeff

Jan 16, 2020 05:33 PM #11
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