What’s my Encinitas Home Worth? Encinitas Homes for Sale December 2020

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What’s the Value of my Encinitas Home?

Encinitas Market Report for December 2020

 

Buyers and sellers in the Encinitas real estate market must understand local market conditions, and the impact they have on buying and selling, in order to make informed and educated decisions about Encinitas homes for sale.

 

Here’s what happened in the Encinitas housing market for December 2020 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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59 homes sold in Encinitas in December, 9 fewer (13%) than last month, not a bg surprise given the time of year. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
44 (down 17%); 31 Average Days on Market; Average Sales Price $1,796,341 (up 16%); Average sale was 99% of the original asking price

Condos, Townhomes & Duplexes Sold
15 (no change); 27 Days on Market; Average Sales Price $694,826 (up 13%), Average sale was 99% of original asking price

 

Sales volume of Encinitas home sales declined from last month due to a drop in single family homes; sales volume of condos, townhomes and duplexes remained the same. Looking back 1 year, we see there were  38% more single family home sales than in December 2019 similar to last month, and 2 more condos, townhomes and duplexes sold than 1 year ago.

 

The average sales price for condos, townhomes and duplexes increased significantly compared to last month (no doubt due, in part to the sale of 3 homes over $3M, with 2 at $5.25M), and was also higher for single family homes.

 

Looking back to December 2019, the average sales price was 13% higher for the single family homes that sold in 2020; in contrast, the average sales price for condos, townhomes and duplexes was 6% lower than 1 year ago.

 

The average time on the market was modestly longer for condos, townhomes and duplexes, and for single family homes, compared to November.

 

The median sales price for detached single family homes was $1,549,000 (down 5%) and $625,000 (up 4%) for condos, townhomes and duplexes.

 Encinitas Ranch home

 

Buyers in the Encinitas real estate market, on average, negotiated 1% off the original asking price for their homes; however, almost half of the buyers, 49%, paid asking price or better for their new homes, a good indication of the continuing competition among buyers.

 

There were 2 homes with an Active Under Contract status at the end of December, compared to 3 last month. These homes are included in the statistics below.

 

The Encinitas real estate inventory shifted downwards significantly in December, with 42 homes for sale (down 35%), with prices ranging from $434,900 to $10,000,000.  This represents an inventory of only 18 days for condos, townhomes and duplexes, down from 23 days last month, and only 19 day for single family homes at the current rate of sales, a drop from 27 days last month (over a 3-month sales period).

 

The Encinitas real estate market remains one that strongly favors sellers, becoming even more competitive in December.

 

28 Encinitas homes came on the market in December, another significant decrease in new listings by 39%, perhaps not a surprise given the holiday; the number of homes going pending in December (excluding homes that actually closed in December) also dropped substantially from 51 pendings last month to 22, but it was still a relatively active December for both buyers and sellers!

 

I am happy to share more details about real estate in Encinitas with regard to current and past activity, as well as in specific communities including Encinitas Ranch, Leucadia, and Olivenhain or particular neighborhoods that are of interest.

 

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 so we can discuss an 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 November 2020

Comments (9)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Those are remarkable median sales prices. I hope you list and sell lots of them

Jan 07, 2021 07:55 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Very good value and very good outlook for January 2021! Love and light and all the best!

Jan 07, 2021 09:47 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks Lise Howe  Encinitas has so much to offer, and a wide range of housing opportunities!

Thank you Laura Cerrano 

Jeff

Jan 07, 2021 10:52 PM
Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Have a Great 2021

Happy Selling!

Jan 08, 2021 04:42 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Those are some exceptional home prices.  Encinitas has to be an exceptional community and you demonstrate your knowledge of the area very well.

Jan 08, 2021 05:07 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Inventory low, demand high! California dreaming marches on. Enjoy your day.

Jan 08, 2021 05:11 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff Dowler, CRS and thank you for the Encinitas market report. I miss my old days across the street from Stone Steps.

Jan 08, 2021 07:55 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks Brad Thomsen 

Thank you for the kind words Ed Silva 

Marching indeed Wayne Martin 

I bet you miss that area Rocky Dickerson 

Jeff

Jan 08, 2021 12:09 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jan 09, 2021 10:47 AM

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