What’s my Encinitas Home Worth? Encinitas Homes for Sale in May 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 May 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 May 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:

 Encinitas – An Eclectic Seaside Community

Leucadia- Surfers' Beach Community in Encinitas CA

 

77 homes sold in Encinitas in May, 1 more sale than last month. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
52 (down 7%); 16 Average Days on Market; Average Sales Price $2,056,390 (down 6%); Average sale was 101% of the original asking price

Condos, Townhomes & Duplexes Sold
25 (up 20%); 6 Days on Market; Average Sales Price $1,056,160 (up by 14%), Average sale was 105% of original asking price

 

Sales volume of Encinitas home sales rose slightly from last month. Looking back 1 year, 73% more single family homes sold in May 2021. And three times as many condos, townhomes and duplexes sold this month than 1 year ago.

 

The average sales price for condos, townhomes and duplexes increased compared to last month, but was modestly lower for single family homes. Sales prices ranged from $380,000 to $5,675,000 in May.

 

Compared to May 2020, the average sales price was 20% higher for the single family homes that sold in 2021; similarly, the average sales price for condos, townhomes and duplexes was 59% higher than 1 year ago.

 

condos in Encinitas

 

The average time on the market was about the same for single family homes, but was substantially shorter for condos, townhomes and duplexes, compared to April. So what does this mean? Buyers need to be prepared to move quickly, as more than half the homes (57%) went pending in 7 days or less, some the first day on the market!

 

The median sales price for detached single family homes was $1,715,000 (down 10%) and $920,000 (up 17%) for condos, townhomes and duplexes.

 

There were some buyers in the Encinitas real estate market who negotiated the sales price of their new homes, but significantly more than half, 74%, paid the asking price or higher for their new homes, the result of continued competition with multiple offers. It’s important to keep this in mind as part of your offer strategy when buying an Encinitas home.

 

There were 3 homes with an Active Under Contract status at the end of May, versus 1 last month.

 

The Encinitas real estate inventory rose by 31% in May, with 51 homes for sale – good news for buyers - with prices ranging from $669,000 to $12,000,000.  This represents an inventory of 12 days for condos, townhomes and duplexes (down from 16 days last month), and 23 days for single family homes at the current rate of sales, up from 19 days last month (over a 3-month sales period).

 

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

 

78 Encinitas homes came on the market in May, 42% more than last month; the number of homes going pending in May (excluding homes that actually closed in May) declined by 1 to 60 pendings. It was an active month for buyers and sellers!

 

I’m happy to share more specifics about the Encinitas real estate market with regard to current and past activity, as well as in individual communities including Encinitas Ranch, Leucadia, and Olivenhain, or any particular 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 April 2021

Comments (7)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jeff,

What an interesting report on the Encinatas market place.  It is good for both buyers and sellers depending on what one is looking for.  Wishing you continued success and a  great June. A

Jun 07, 2021 01:57 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Ron and Alexandra Seigel I appreciate the kind words.

Hope all is well!!

Jeff

Jun 07, 2021 04:55 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

That ocean view is remarkable And might be enough to sell that kind ofhome

Jun 07, 2021 10:19 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.

Jun 08, 2021 12:46 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - What a great shot of the beach.  Perfect for this time of year. (Actually any time of the year!)  It gives your clients some perspective of why the homes have so much value and why they need you to help them find that home or attached home with the right value they are looking for in Encinitas...  

Jun 08, 2021 07:51 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jeff Dowler, CRSEncinitas sounds like a wonderful place to call home. Your marketing reports are always thorough and enjoyable. As a reader who does not live in CA your blog posts for this area sparks my interest. As a serious real estate agent, I would encourage buyers and sellers to contact you for all their real estate listings and buying properties. 

Jun 08, 2021 08:00 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff!  Your market reports always make me miss home and think about the sounds of the seashore

Jun 08, 2021 08:45 AM