Encinitas Real Estate - Encinitas Real Estate Market Report for June 2009

As a buyer or seller in the Encinitas real estate market, it is important to have information about the market conditions in order to make a more informed decision about what to do with regard to buying, or selling, your Encinitas home.

Here is a summary of the Encinitas real estate market for June 2009 based on statistics from the MLS (private sales are not included nor are manufactured and mobile homes). These data are deemed reliable but are not guaranteed.

READ MORE: Encinitas - An Eclectic Seaside Community

In June 2009 there were 50 homes sold in Encinitas (a 43% increase in sales over May, following a 25% increase over April). Here's the breakdown of overall activity.

	TOTAL HOMES	Detached	Attached
Number	50 (up 43%)	36 (up 57%)	14 (up 17%)
Days on Market	49	57	27
Average Sales Price	$703,180 (up 2%)	$849,000 (down 1%)	$328,214 (down 13%)
Average Sale $/List $	94%	93%	95%

There was a significant bump up in sales volume in June, as we have seen in other communities including Carlsbad, while the days on market remained about the same.

There were 23 homes with a Contingent status at the end of June (i.e., short sale and REO homes having offers that are being considered by the lenders). These homes are still considered Active and are included in the overall active statistics below.

At the end of June 2009 the Encinitas real estate market had 254 homes for sale, 5% fewer than in May. This represents an inventory of 4.2 months for attached homes, down from 5.6 months in May, and 8.8 months for detached homes at the current rate of sales, a decrease from 10.5 months in May (based on a 6-month period).

66 Encinitas homes came on the market in June (53 detached and 13 attached), compared to 76 the previous month (a decrease of 13%), with 53 going pending during the same time period (40 detached, 13 attached), a small increase (4%) over May, a trend we have seen over the last 5 months.

These data are based on information provided by the MLS for homes that went under contract in the last couple of months. More details about the Encinitas real estate market can be provided with regard to current activity as well as within specific areas such as Encinitas Ranch, Leucadia and Olivenhain.

Watching the trends over time, as opposed to focusing on the data for one particular month, are more revealing and informative, and will provide a better index of what is happening in the Encinitas real estate market. If I can provide more information, please let me know.

READ MORE:

Encinitas Real Estate - Encinitas Market Report for May 2009

Encinitas Real Estate - Encinitas Market Report for April 2009

Encinitas Real Estate - Encinitas Market Report for March 2009

Encinitas Real Estate - Encinitas Market Report for February 2009

Encinitas Real Estate - Encinitas Market Report for January 2009

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If I can provide more information about Encinitas, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits