Here are the summary statistics from the MLS for the month of December 2006 for Encinitas.
The data show a 25% drop in inventory from the end of November. While the median price for both detached and attached homes dropped as compared to 1 year ago, the median rose from the previous month for detached homes (but showed a drop for attached homes). The holiday season likely played a role in the change in inventory, and the next few months should provide some insight as to the direction of the market in Encinitas.
AS OF DEC. 31, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 68 | 169 |
Sold in Last 6 Months | 62 | 199 |
Sold/Pending In Last 6 months | 77 | 242 |
Absorption Rate (Solds) | 197 days | 153 days |
Absorption Rate (Solds Plus Pendings) | 159 days | 126 days |
Average Days on Market | 75 | 67 |
Median Price Change From 1 Year Ago | -7% | -4% |
Median Price | $472,500 | $849,000 |
% Chgn. In MDN from prior month | -5% | 2% |
Average Price | $532,530 | $1,075,949 |
New to Market (Nov.) | 8 | 18 |
Pending in Nov. | 7 (0 new in Dec.) | 32 (5 new in Dec.) |
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