Escondido Homes for Sale | Escondido Real Estate Market Report for September 2011

By
Real Estate Agent with Solutions Real Estate CalBRE Lic #01490977

Escondido Real Estate Market Report for September 2011

 

Escondido Homes for Sale - Homes for Sale in Escondido CA

 

Escondido is an inland community, about 15 miles from the coast adjacent to San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondido has seen fairly significant shifts in the real estate market with a large number of short sales and foreclosures.

 

READ MORE: A Tour of Escondido – A Diverse Inland San Diego Community

 

As a buyer or seller in the Escondido real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Escondido real estate market.

 

The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed.

 

In September 2011 there were 155 homes sold in the Escondido real estate market, just 2 fewer homes than in July. Here’s the breakdown of overall activity.

 

 

TOTAL

DETACHED

ATTACHED

# Sold

133 (down 14%)

115 (down 15%)

18 (down 10%)

Average $

$312,635 (no change)

$337,375 (down 1%)

$154,572 (up 54%)

Days on Market

74

78

49

Sale Price/List Price

97%

97%

98%

 

There were 208 Escondido homes (27% of all active properties) on the market with a Contingent status, i.e., short sale or REO homes that have offers being considered by lenders. These are included in the statistics below.

 

At the end of September 2011 there were 781 Escondido homes for sale, about 2% fewer homes than in August, the second month of decline although small. This represents an inventory of 3.4 months for attached homes (up from 3.3 months in August) and 5.5 months for detached homes (down from 5.6 months in August), based on the current rate of sales over the last 6 months.

 

READ MORE:   How Important is Inventory when Buying or Selling? Very!!

 

In September 206 homes came on the market, 5% fewer than newly listed homes in August; the number of homes going pending (124) declined by 16% from August pendings (148).

 

I am happy to provide more information about current real estate activity in the Escondido real estate market and answer any questions that you may have about current market conditions.

 

Search for Escondido Homes for Sale

 

READ MORE:

Escondido Homes for Sale | Escondido Real Estate Market Report for August 2011

 

Escondido Homes for Sale | Escondido Real Estate Market Report for July 2011

 

Escondido Homes for Sale | Escondido Real Estate Market Report for June 2011

 

Escondido Homes for Sale | Escondido Real Estate Market Report for May 2011

 

Escondido Homes for Sale | Escondido Real Estate Market Report for April 2011

 

Escondido Homes for Sale | Escondido Real Estate Market Report for March 2011

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California San Diego County Escondido
Groups:
CALIFORNIA REAL ESTATE
HyperLocal Neighborhood and Community Posts
Market Updates
Posts to Localism
SAN DIEGO Real Estate Agents & Loan Officers
Tags:
escondido real estate
escondido homes for sale
homes for sale in escondido
market reports

Anonymous
Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,389,372
Kristin Johnston, Waukesha Realtor 414-254-6647
RE/MAX Realty Center - Waukesha, WI
Waukesha County Realtor, RE/MAX Buyer Agent

NIce market report Jeff...hope you are well...It is so windy and a bit chilly here today as well!

Oct 15, 2011 10:05 AM #1
Ambassador
1,881,523
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Jeff 2 fewer homes is not much of a difference when 155 were sold.  Great job on the Market Report as always.

Oct 15, 2011 06:55 PM #2
Rainmaker
562,448
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Jeff,

It's great to see the short days on the market. Not so great to see the short sales however.

Have a good weekend,

Steve

Oct 15, 2011 08:45 PM #3
Anonymous
Post a Comment
Spam prevention
Show All Comments
Ambassador
1,853,555

Jeff Dowler CRS

Carlsbad CA Homes for Sale (760) 840-1360
What's my Carlsbad CA Area Home Worth??
*
*
*
Spam prevention

Additional Information