What’s my Escondido Home Worth? Escondido Real Estate Market May 2021

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

What’s the Value of my Escondido Home?

Escondido Home Sales in May 2021

 

California Center for the Arts in Escondido and home search linkEscondido is an inland community in North San Diego County, about 20 miles from the beaches, 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 homes). The data are believed to be reliable at the time this report was written but are not guaranteed.

 

A total of 189 homes sold in May, several more sales than last month (186). Here’s the breakdown of activity:

 

Single Family Homes Sold
166 (up by 7); 11 Average Days on Market; Average Sales Price $873,267 (up 9%); Average Sales Price was 105% of original asking price

 

Condos, Townhomes & Duplexes Sold
23 (down by 4); 10 Average Days on Market; Average Sales Price $381,071 (down 3%); Average sales price was 105% of original asking price

 

Overall home sales in May were 4% higher than last month, with 7 more single family homes sold but 4 fewer condo, townhome and duplex sales. The average sales price was modestly higher for single family homes, but slightly lower for condos, townhomes and duplexes compared to last month. Sales prices ranged from $80,000 to $2,288,888.

 

Some buyers were able to negotiate money off the original list price, but the vast majority of home buyers (89%) paid full price or more for their homes (more than last month, and with 1 at 127% of asking price), no doubt due to competitive bidding.

 

Plenty of buyers decided quickly on seeing homes and then making their offers, with 61% of the homes going pending in 1 week or less, about the same as in April!

 

Escondido home

 

The MEDIAN sales price of the single family homes sold was $836,495 (13% higher), and $365,000 (down by 6%) for condos, townhomes and duplexes compared to last month.

 

There were 9 Escondido homes on the market with an Active Under Contract status compared to 7 last month. These are included in the statistics below.

 

At the end of May there were 129 homes for sale in Escondido, an 8% improvement from last month and good news for home buyers. This represents an inventory of 25 days for condos, townhomes and duplexes (up from 16 days in April), and 20 days for detached homes (versus 23 days last month), based on the current rate of sales over the last 3 months. Escondido remains a very strong seller’s market.

 

228 homes came on the market in May, an increase by 7% from April, an average of more than 7 new listings each day…and great news for buyers. Similarly, the number of homes going pending increased significantly in May (excluding those homes that sold that month) to 202, up 25%. It was another busy month of buying and selling!

 

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 specific 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 Escondido 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 April 2021

Comments (8)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, Buyers and sellers should be calling you to find out what there home is worth and then sell it and you can talk them into coming to Denver, Colorado,  I pay a 30% referral fee for you.

 

Jun 20, 2021 09:46 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Now there's an idea Will Hamm  I love getting and giving referrals!

Jeff

Jun 20, 2021 10:17 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - as Kathy Streib used to say, another Ah-Ha moment.  I think it is great that Escondido has a winery.  Will it be the next Temecula? 

Jun 20, 2021 10:46 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE® 

Perhaps. This is one of several I know about and the only one I have visited - it has fabulous views of the countryside!

Jeff

Jun 20, 2021 11:51 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.

Have a special day and an outstanding week.

Jun 20, 2021 11:53 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff I always enjoy your informative posts, just wanted to stop in and see how your Father's Day went did you or the kids visit? Endre

Jun 20, 2021 11:51 PM
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.  I hope you had a pleasant Father's Day.

Jun 21, 2021 02:22 AM