What’s my Escondido Home Worth? Escondido Home Sales in December 2020

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

What’s the Value of my Escondido Home?

Escondido Real Estate Market in December 2020

 

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.

 

It’s important for buyers and sellers in the Escondido housing market 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 186 homes sold in December, 11% more sales than last month. Here’s the breakdown of activity.

 

Single Family Homes Sold
146 (up 11%); Average Sales Price $701,147 (down 4%); Average Sales Price was 101% of original asking price

Condos, Townhomes & Duplexes Sold
40 (up 14%); 18 Average Days on Market; Average Sales Price $364,124 (down 3%); Average sales price was 100% of original asking price

 

Overall home sales in December rose fairly significantly in contrast to some other neighboring communities, with more single family homes sold as well as more condo, townhome and duplex sales. The average sales price was modestly lower for single family homes, and lower for condos, townhomes and duplexes compared to last month. Sales prices ranged from $190,000 to $2,750,000.

 

Some buyers were able to negotiate down from the original list price, but the majority of home buyers (66%) paid full price or more for their homes, no doubt due to multiple offers.

 

Many buyers made quick decisions, with 44% of the homes going pending in 1 week or less!

 

The MEDIAN sales price of the single family homes sold was $629,500 (down 4%), and $352,500 (down 7%) for condos, townhomes and duplexes compared to last month.

 

There were 17 Escondido homes on the market with an Active Under Contract status compared to 9 last month. These are included in the statistics below.

 Escondido luxury home at Rimrock Estates

At the end of December there were 106 homes for sale in Escondido, 12% fewer than last month, another decline and a trend seen in other communities, no doubt in part due to the holidays. This represents an inventory of 22 days for condos, townhomes and duplexes (the same as in November), and only 16 days for detached homes (down from 18 days last month), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market and became more competitive in December.

 

120 homes came on the market in December, 2 more than in November, an average of 4 new listings per day. The number of homes going pending dropped significantly in December (excluding those homes that sold that month), from 143 to 97 (down 32%); still, buyers and sellers were relatively busy in the Escondido housing market during December.

 

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 your questions about the current market conditions, as well as to assist you with the purchase and/or sale of a home in Escondido in 2021.

 

Please contact me at (760) 840-1360 so we can find the best time to get together and discuss your personal housing needs, lifestyle, and budget, then plan a strategy for you to buy your new Escondido home in 2021!

 

And if you are planning to sell your home, I will provide you with a market value and equity analysis, and we will discuss your timing and plans in order to create the best strategy to get your home sold quickly and for the best price, terms and conditions.

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

What’s my Escondido Home Worth? Escondido Real Estate in November 2020

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Escondido
Groups:
CALIFORNIA REAL ESTATE
HyperLocal Neighborhood and Community Posts
Local Expert
Market Reports
Market Updates
Tags:
escondido homes for sale
homes for sale is escondido
condos for sale in escondido
townhomes for sale in escondido
escondido condos and townhomes for sale
escondido real estate market
homes with views for sale in escondido

Spam prevention
Show All Comments
Ambassador
3,547,075
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

The Escondido Real Estate Market seems to be holding pretty steady for the era C-19 Jeff Dowler, CRS 

 

.

Jan 22, 2021 01:14 PM #1
Ambassador
2,700,216
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

You have some high sales values in your area.  The mean average in our State is $280,000

Jan 22, 2021 01:21 PM #2
Rainmaker
4,602,679
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, great market update for Escondido, and sounds at least like you have inventory! 

Jan 22, 2021 01:27 PM #3
Rainmaker
1,492,941
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Clients who pick you will appreciate all your knowledge of the Escondido market. 

Jan 22, 2021 03:08 PM #4
Rainmaker
276,051
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff Dowler, CRS it appears as though Escondido is keeping quite busy in their marketplace

Jan 23, 2021 09:52 AM #5
Ambassador
4,424,848
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's been pretty competitive Paul S. Henderson, REALTOR®, CRS 

True Ed Silva and Escondido is more moderately priced than near the coast

Jeff

Jan 23, 2021 11:06 AM #6
Ambassador
4,424,848
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Joan Cox  it's still not enough to meet the demand. Hopefully the spring market will bring more listings.

Thank you Sheri Sperry - MCNE® 

Jeff

Jan 23, 2021 11:08 AM #7
Rainmaker
2,919,006
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Escondido home buyers and sellers are sure to value your real estate market report, Jeff.

Jan 24, 2021 02:32 PM #8
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?

Ambassador
4,424,848

Jeff Dowler, CRS

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

Additional Information