What’s my Escondido Home Worth? Escondido Home Sales in November 2021

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 November 2021

 

California Center for the Arts in Escondido CAEscondido is an inland community in North San Diego County, about 20 miles from the beaches, and just east of San Marcos and Fallbrook.

 

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 derived 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 compiled but are not guaranteed.

 

A total of 165 homes sold in November, 11% fewer than last month and another drop in sales. Here’s the breakdown of activity:

 

Single Family Homes Sold
140 (down by 2); 19 Average Days on Market; Average Sales Price $869,942 (down 2%); Average Sales Price was 101% of original asking price

Condos, Townhomes & Duplexes Sold
25 (down 43%); 16 Average Days on Market; Average Sales Price $406,960 (down 4%); Average sales price was 104% of original asking price

 

Overall home sales in November were lower than last month, with a slight drop in single family sales but a significant decrease in condo, townhome and duplex sales. The average sales price decreased modestly for single family homes, and for condos, townhomes and duplexes compared to last month. Days on market increased modestly for single family homes, and for condos, townhomes and twinhomes. Sales prices ranged from $310,000 to $2,675,000.

 

A number of buyers successfully negotiated their purchase prices down from the original list price, however the majority (76%) paid list price or more for their new homes, even more than last month, no doubt due to continued competition.

 

Clearly lots of buyers made quick decisions about seeing homes and then making successful offers, since 61% of the homes went pending in 1 week or less.

 

Escondido home at Rimrock Estates

 

The median sales price of the single family homes that sold was $775,000 (down 2%), and $372,500 (down 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 24 last month. These are included in the statistics below.

 

At the end of November there were 72 homes for sale in Escondido, a 42% decline from last month, and the 4th consecutive drop in inventory. Home prices range from $265,000 to $27,500,000 (the most expensive, a 290 acre property with an orchard and multiple buildings). This represents an inventory of 12 days for condos, townhomes and duplexes (down from 14 days last month), and only 7 days for single family detached homes (a drop from 19 days last month), based on the current rate of sales over the last 3 months. Buyers are still faced with a very strong seller’s market in Escondido.

 

125 homes came on the market in November, 22% fewer than last month, an average of 4 new listings per day. In contrast the number of homes going pending increased by 2 in November (excluding homes that sold in November) to 138. It was still an active month of buying and selling in Escondido!

 

I’m happy to share more details about current real estate activity in the Escondido real estate market, in specific zip codes, and for neighborhoods that interest you, and to answer your questions about the current market conditions. I can also assist you with the purchase and/or sale of a home in Escondido.

 

Please contact me at (760) 840-1360 so we can discuss your particular housing needs, lifestyle, and budget, then plan a strategy to buy your new Escondido home when the timing is right for you!

 

And if you are planning to sell your home in Escondido, I will provide you with a market value and equity analysis, and we can discuss your specific plans and timing and then create a plan to get your home sold quickly 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 October 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (9)

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Wow, 61% of the homes went pending in one week or less.  That is fast!  Thank you for your market update.

Dec 16, 2021 09:37 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

With less homes sold than the previous month it could be due more to lack of inventory. The fact that home prices sold at 101% of list but prices are down just market adjustment for well overpriced

Dec 16, 2021 03:03 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Raymond Henson, eXp Realty 

Yep, lots of quick decision makers in Escondido in November. Gotta move fast or you lose out!

Jeff

Dec 16, 2021 07:05 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Inventory is definitely and issue, Ed Silva 

Pricing seems to bounce around a bit depending on what sold (high end vs. low end).

Jeff

Dec 16, 2021 07:07 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I remember staying in Escondido and Sandy Padula and Norm Padula, JD, GRI teasing me about being there, haha.

Dec 17, 2021 04:59 AM
Sandy Padula and Norm Padula, JD, GRI

Easy now, Big Boy! The likes of J.J. Cale lived in Escy. Hope you have a pleasant Christmas Holiday!

Dec 17, 2021 05:48 AM
Brian England

I don't know who JJ Cale is Sandy Padula and Norm Padula, JD, GRI so it means nothing to me, haha.  I missed seeing you this week while I was in Oceanside.

Dec 17, 2021 06:25 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home sellers are in very good hands when they seek your professional real estate advice and assistance.

Dec 17, 2021 06:54 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Dec 20, 2021 12:48 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Roy Kelley  Thank you for the encouragement!

Thanks for the compliment Myrl Jeffcoat  I hope that's the case.

Jeff

Dec 20, 2021 07:43 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Escondido is looking all right to me these days. The ups and downs of the market are bound to happen the way they are especially with this year and a half or so

Dec 23, 2021 10:49 PM