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Encinitas Housing Market Data for MARCH and APRIL 2007

Buyers and Sellers - here is a summary of the MLS statistics for hEncinitas for March and April 2007.

The inventory of Encinitas homes for sale is remaining fairly steady, increasing by about 5% from March to April. The rate of sales has increased moderately so that the absorption rate (amount of inventory) is is now less than 6 months for both detached and attached homes. The median price for attached homes has essentially remain flat since the beginning of the year, and price remain lower than they were 1 year ago, which is good news for buyers.

In contrast, despite the median price for detached homes remaining less than 1 year ago, prices have been slowly trending up since the beginning of this year. While it is still early in the year, the next few months will give us a much better idea of pricing trends in the Encinitas housing market.

If I can answer any questions about the Encinitas housing market or provide more information, please contact me at (760) 840-1360 or email me at JDowler@remax.net.

AS OF MARCH 31, 2007

ATTACHED HOMES

DETACHED HOMES

Active

74

176

New to Market (March)

32

67

Sold in Last 6 Months

66

186

Absorption Rate (Solds)

202 days

170 days

Average Days on Market

81

73

Median Price Change From 1 Year Ago

-13%

-10%

Median Price

$450,000

$830,000

% Change in MDN from prior month

0%

7%

Average Price

$502,400

$1,078,403

AS OF APRIL 30, 2007

ATTACHED HOMES

DETACHED HOMES

Active

75

189

New to Market (April)

26

65

Sold in Last 6 Months

76

207

Absorption Rate (Solds)

175 days

164 days

Average Days on Market

90

66

Median Price Change From 1 Year Ago

-15%

-5%

Median Price

$450,000

$835,000

% Change in MDN from prior month

0%

1%

Average Price

$527,424

$1,056,496

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MARKET REPORTS

Posted Sunday May 13
(05/14/07 09:25AM) — Jeff Dowler ~ Carlsbad Real Estate

Any residents of Encinitas care to comment? What are your thoughts on the housing market?

Jeff

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