Carlsbad and La Costa Real Estate and Condos For Sale, Carlsbad and La Costa Mortgages and Interest Rates » Encinitas Market Trends

Encinitas Real Estate For Sale – Prices for October 2009

amewborn — Wed, 11 Nov 2009 16:49:00 +0000

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%

Time Running Out For First Time Buyer Credit!!!!

amewborn — Tue, 25 Aug 2009 17:29:06 +0000

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.

2. If you were hoping to use the tax credit – you can no longer buy a short sale. Most short sales take about six months to complete. There is no longer time to complete the short sale process and close escrow before November 30th.

3. Because of the large amount of buyers, there are often bidding wars on properties under $400,000. If this is your price range, be prepared to make full price offers, and often be forced to counter above asking price.

4. Financing is still tight - and slow! Most “easy” mortgages are taking around 45-60 days to fund.

If you are looking to take advantage of this First Time Buyer Credit – please consider all these facts above. In order to close by November 30th, you probably need to be in a contract by September 30th. You need to be prepared to make strong offers, and you need to work with your professional team of real estate and mortgage consultants to keep the process moving quickly.

If you have any questions about Carlsbad, La Costa, Encinitas, Del Mar, Oceanside, or San Marcos real estate, please call The Mewborn Team. We specialize in coastal luxury San Diego real estate. We are happy to serve as your personal real estate advocate!

Encinitas Real Estate – Encinitas Homes For Sale July 2009

amewborn — Sat, 08 Aug 2009 14:58:58 +0000

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

Median Home Prices Up For Third Month In A Row

amewborn — Mon, 20 Jul 2009 17:23:10 +0000

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.

We have also been telling clients that you won’t know the bottom of the Carlsbad real estate market, until you’re already past it. It seems that may be the case. Dataquick has reported that the Median Home Price for San Diego real estate is up for the third month in a row.

But don’t take our word for it – For the San Diego Union Tribune real estate article – click – San Diego Real Estate Prices.

Encinitas Real Estate – June Market Statistics – Encinitas, 92024

amewborn — Mon, 13 Jul 2009 14:32:42 +0000

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