What’s my Encinitas Home Worth? Encinitas Homes for Sale in March 2021

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 March 2021

 

Moonlight Beach in Encinitas CABuyers 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 March 2021 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.

 

READ MORE:

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72 homes sold in Encinitas in March, significantly more sales than last month, up by 76%. Here’s the breakdown of overall activity.



Single Family Homes Sold
52 (up by 68%); 15 Average Days on Market; Average Sales Price $1,950,076 (up by 1%); Average sale was 101% of the original asking price

Condos, Townhomes & Duplexes Sold
20 (up 100%); 14 Days on Market; Average Sales Price $804,950 (down by 9%), Average sale was 102% of original asking price

 

Sales volume of Encinitas home sales rose substantially from last month. Looking back 1 year, there were 58% more single family homes sold in March 2021. And there were 67% condos, townhomes and duplexes sold than 1 year ago.

 

The average sales price for condos, townhomes and duplexes decreased compared to last month, but was slightly higher for single family homes. Sales prices ranged from $343,000 to $4,000,000 in March.

 

Compared to March 2020, the average sales price was 28% higher for the single family homes that sold in 2021; in contrast, the average sales price for condos, townhomes and duplexes was 21% lower than 1 year ago.

 

The average time on the market was shorter for single family homes and for condos, townhomes and duplexes, compared to February, both about 2 weeks. Buyers need to move quickly in this market – half the homes (49%) went pending in 1 week or less!

 

The median sales price for detached single family homes was $1,820,000 (up 17%) and $702,500 (up 9%) for condos, townhomes and duplexes.

 

While some buyers in the Encinitas real estate market were able to negotiate the sales price of their new homes, well more than half of the buyers, 72%, paid list price or higher for their new homes, the result of the continued competition and multiple offers. It’s important to keep this in mind when you are considering your offer strategy for buying an Encinitas home.

 

There were no homes with an Active Under Contract status at the end of March, versus 1 last month.

 

Oceanfront homes in Leucadia at Grandview Beach

 

The Encinitas real estate inventory declined again in March, with 42 homes for sale (16% fewer), with prices ranging from $860,000 to $8,495,000.  This represents an inventory of only 7 days for condos, townhomes and duplexes (with just 3 listings as of this writing), and 1.1 months for single family homes at the current rate of sales, the same as last month (over a 3-month sales period).

 

Encinitas real estate continues to be a very strong sellers’ market.

 

62 Encinitas homes came on the market in March, a 5% improvement from last month; the number of homes going pending in March (excluding homes that actually closed in March) remained the same as last month at 61. Thus it was another active month for 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 specific neighborhoods that interest you.

 

If I can provide more detailed local market information, answer questions about the market conditions in general or for particular 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 in a timely manner.

 

SEARCH FOR ENCINITAS HOMES FOR SALE

 

READ MORE:

Encinitas Homes for Sale – What Happened in the Encinitas Real Estate Market in February 2021

Comments (8)

Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

What a difference a cpast makes.  Our buyers are fighting for homes in the $200,000 range and that's what your casitas cost.

Apr 12, 2021 04:51 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Apr 12, 2021 04:59 PM
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in German and Real Estate * M.A. ABR ASP

Your market reports are so comprehensive Jeff, it leaves no doubt that you are the expert when it comes to Encinitas Real Estate. 

P.S. I LOVE your featured photograph! The view from these homes must be quite spectacular. 

Apr 12, 2021 05:47 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff! Your market reports always make me jealous and nostalgic

Apr 13, 2021 06:57 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed:

Yes, housing markets really can vary quite a bit. You can hardly find a 1-bedroom condo in our coastal communities for under $400K! And they don't last.

Jeff

Apr 13, 2021 09:45 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you, Myrl. I hope so...it's important information IMO.

Thanks so much, Andrea. Yes, that area of Encinitas above the ocean is pretty special, with prices to match.

Hi Rocky - thank you for stopping by and for the kind words.

Jeff

Apr 13, 2021 09:47 AM
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.

Apr 14, 2021 06:34 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you kindly, Roy. I am here to help any sellers in the Encinitas community!!

Jeff

Apr 15, 2021 01:24 PM

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