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Archive for the 'Encinitas Market Trends' Category
November 11th, 2009
Encinitas Real Estate For Sale – Prices for October 2009
The average days on the market in Encinitas is 60, with an average selling price of about $681,000.
Average selling price is $604k, down a bit from $618k in September
Something else to note – in all price ranges – the high, low, and average – properties sold at over 90% of their listing price.
| B/B | SFt | LP | LP/SF | SP | SP/SF | SP/LP | |
| High | 5/6 | 5,177 | $1,795,888 | $914 | $1,740,000 | $914 | 97% |
| Low | 1/1 | 744 | $199,000 | $205 | $185,500 | $136 | 93% |
| Avg | 3/3 | 1,965 | $705,330 | $373 | $681,423 | $362 | 97% |
August 25th, 2009
Time Running Out For First Time Buyer Credit!!!!
Carlsbad, CA – If you are a Carlsbad, La Costa, Oceanside, or San Marcos buyer who was hoping to take advantage of the first time home buyer’s tax credit – YOU BETTER HURRY! We are finding a number of things in the current market place:
1. The tax credit expires on December 1st, 2009. That means all real estate purchases have to be CLOSED before then. You can not still be in escrow. Read the rest of this entry »
August 8th, 2009
Encinitas Real Estate – Encinitas Homes For Sale July 2009
The month of July was a good month in Encinitas real estate sales. Although the average price was down, the numbers are not necessarily a good reflection on what really happened in the Encinitas real estate market. In the month of June, the most expensive home sold was $2.6M vs. $1.8M in July. This large difference skewed the averages a bit.
There were 54 Encinitas homes sold in July – eight more than were sold in June. Another good piece of news in Encinitas real estate for sale is that the average sale price was 97% of the list price! Although buyers may not like that there isn’t a lot of room for negotiations, it goes to show that homes are priced about right, and they are moving accordingly!
July 2009 – Encinitas Real Estate – Encinitas Homes For Sale
Encinitas Real Estate Market Statistics 92024
| B/B | SFt | LP | LP/SF | SP | SP/SF | DOM | |
| High | 5/6 | 5,388 | $2,050,000 | $847 | $1,830,000 | $740 | 756 |
| Low | 1/1 | 650 | $162,700 | $250 | $185,000 | $250 | 1 |
| Avg | 3/3 | 2,161 | $722,148 | $339 | $688,943 | $327 | 57 |
July 20th, 2009
Median Home Prices Up For Third Month In A Row
If you were looking to buy in La Costa, Carlsbad, or San Diego, and were hoping to catch “the bottom” of the San Diego real estate market – you may have already missed it!
We have been telling clients over the past couple of months that we thought the market had stabilized. In La Costa and in particular La Costa Oaks - most of the lowest sales prices (La Costa comparables) had been BEFORE January 2009. Read the rest of this entry »
July 13th, 2009
Encinitas Real Estate – June Market Statistics – Encinitas, 92024
The month of June showed a lot of real estate market similarities to May in Encinitas, CA. I usually recommend using the average statistics as your guide as to what is really happening in the San Diego Real Estate Market. The Highs and Lows always show some of the extremes – how long a house was on the market in particular, but the averages are much better indicators as to what is really happening in the Encinitas real estate market.
You will see that in both April and May, the average days on the market is 48. That indicates that homes are being priced well and buyers are coming in who are prequalified and can complete the transaction quickly – both great signs that our Encinitas real estate market is stabilizing.
It is also interesting to note that the average sale price in Encinitas was $714,000 in June – up from $687,000 in May. The indicators are strong. We’ll see what July brings, but as of right now, it looks like our Encinitas real estate market may be in better shape than we thought a few months ago. If you have any questions about Encinitas, La Costa, or other local North County Coastal real estate, please contact us below. We are always happy to answer any of your questions.
June 2009 – Encinitas Real Estate – Encinitas Homes For Sale
Encinitas Market Statistics 92024
| B/B | SFt | LP | LP/SF | SP | SP/SF | DOM | |
| High | 6/8 | 4,915 | $3,249,000 | $899 | $2,650,000 | $833 | 291 |
| Low | 2/1 | 779 | $189,000 | $184 | $190,000 | $184 | 2 |
| Avg | 3/3 | 2,066 | $759,292 | $366 | $714,000 | $349 | 49 |
May 2009 – Encinitas Real Estate – Encinitas Homes For Sale
Encinitas Market Statistics 92024
| BR | SFt | LP | LP/SF | SP | SP/SF | DOM | |
| High | 5/5 | 4,774 | $2,450,000 | $980 | $2,250,000 | $900 | 218 |
| Low | 1/1 | 630 | $175,000 | $204 | $161,600 | $204 | 3 |
| Avg | 3/3 | 1,903 | $721,128 | $379 | $687,444 | $363 | 48 |
Mike & Amy Mewborn Real Estate Specialists
Mike: 858.205.2000
Amy:760.213.6653
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