What’s my Encinitas Home Worth? Encinitas Home Sales for November 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 November 2021

 

Moonlight Beach in Encinitas CABuyers and sellers in the Encinitas real estate market should be aware of, and understand, local market conditions, and the impact they have on buying and selling, so they can make informed and educated decisions about Encinitas homes for sale.

 

Here’s what happened in the Encinitas housing market for November 2021 based on MLS data (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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48 homes sold in Encinitas in November, the same as last month. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
27 (down by 21%); 26 Average Days on Market; Average Sales Price $2,443,117 (up 12%); Average sale was 103% of the original asking price

Condos, Townhomes & Duplexes Sold
21 (up by 50%); 19 Days on Market; Average Sales Price $1,158,547 (up 10%), Average sale was 99% of original asking price

 

Overall sales volume of Encinitas home sales was the same as last month, but with fewer single family detached home sales but more condos, townhomes and duplexes. Looking back 1 year, 47% fewer single family homes sold in November 2021, while there were 40% more condos, townhomes and duplexes sold in November 2021 compared to last year!

 

The average sales price for condos, townhomes and duplexes rose compared to last month, as it also did for single family homes. Sales prices ranged from $410,000 to $6,650,000 in November.

 

Compared to November 2020, the average sales price was 44% higher for the single family homes that sold in 2021 (the median was 34% higher); the average sales price for condos, townhomes and duplexes was 89% higher than 1 year ago (the median price was 73% higher).

 

The average time on the market was longer for single family homes, and for condos, townhomes and duplexes, compared to October. However, almost half of the homes (44%) went pending in 7 days or less. So the message is that home buyers should be ready to make quick decisions in order to not lose out on opportunities!

 

Encinitas CA home

 

The median sales price for detached single family homes was $2,105,000 (up 15%) and $1,040,000 (up 46%) for condos, townhomes and duplexes.

 

While plenty of buyers in the Encinitas real estate market negotiated the sales prices of their new homes, 60%, paid full price or more, no doubt due to competition and multiple offers. It’s important to consider this information in your offer strategy if you would like to buy an Encinitas home.

 

There were 4 homes with an Active Under Contract status at the end of November, versus 2 last month.

 

The Encinitas real estate inventory decreased to 37 homes in November, a drop of 23% and another decline, with prices ranging from $425,000 to $12,495,000.  This translates to an inventory of only 21 days for condos, townhomes and duplexes (compared to 26 days last month), and 24 days for single family homes at the current rate of sales, compared to 28 days last month (over a 3-month sales period).

 

The Encinitas real estate market remains a very strong sellers market.

 

27 Encinitas homes came on the market in November, about half the number as last month (53); similarly the number of homes going pending in November (excluding homes that actually closed in November) decreased from 47 to 32 pendings. But it was still an active month for buying and selling!

 

I’m happy to share other details about the Encinitas real estate market with respect to current and past activity, as well as for individual communities such as Encinitas Ranch, Leucadia, and Olivenhain, and particular neighborhoods that are of interest.

 

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 and/or buying a new property, please reach out to me at (760) 840-1360 so we can discuss the right strategy to help accomplish your real estate goals.

 

SEARCH FOR ENCINITAS HOMES FOR SALE

 

READ MORE:

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

Comments (8)

Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your featured photo catches my attention, what an interesting creation.  This is definitely the place to come to find out what is going on in Encinitas.

Dec 07, 2021 05:09 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Another fabulous report on the status of California real estate. Demand high, prices going higher! Enjoy your day.

Dec 07, 2021 05:26 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks Brian England 

The Surfing Madonna is a mosaic that was created and hung in Encinitas. It has been moved several times I believe, and is the symbol for the Surfing Madonna Oceans Project, a non-profit organization that supports a number of different programs in the area.

Jeff

Dec 07, 2021 09:21 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks, Wayne Martin 

Yes, things continue along a similar path with limited homes for sale, multiple offers, and rising prices. Living on the coast still has a strong appeal.

Jeff

Dec 07, 2021 09:23 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - I have always loved the style of home in Southern Orange County and San Diego County areas. Your market reports, for example, "What's My Encinitas Home Worth?", remind me of this when I see the pics of the homes.  Generally, we do not have this style of home in the Sedona area. 

Dec 07, 2021 11:39 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE® 

It's always interesting to me to see homes in other areas of the country - there is so much variety.

Jeff

Dec 07, 2021 03:12 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Dec 07, 2021 09:43 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I hope so Myrl Jeffcoat  It's information Encinitas buyers and sellers ought to be aware of if they are thinking of buying and/or selling.

Jeff

Dec 08, 2021 02:28 PM