The average sales prices in October '09 was $800,000, including Leucadia and Olivenhain, which is down from an average of $864,000 in October '08.
The highest priced home to sell in October of ‘08 was $3,850,000 for a palatial 8,900 Sq.Ft. home, on a 3.14 acre lot in Wildflower Estates.
In October of '09, the highest priced home to sell was $3,299,000 for a 7,000 Sq.Ft. home, located on 2.8 acres also located in Wildflower Estates.
The number of sales decreased slightly from (33) homes sold in October '08 to (30) in October of '09.
Of the (33) homes sold in October of '08, (28) were financed conventionally (20% min. down), (3) were purchased in Cash and (2) used FHA financing (3.5% min.down).
Of the (30) homes sold in October of '09, (18) were financed conventionally, (6) were purchased with Cash and (6) FHA.
REO (Bank Owned) sales were down from (8) in October of '08 to (3) in October of '09, which is extremely low compared to other cities in North San Diego County.
Shortsales (selling for less than what is owed) increased from zero sales in October of '08 to a modest (3) in September of '09. These too are extremely low compared to other cities in North County San Diego.
There are (148) active properties for Sale in Encinitas with (55) currently in Escrow, representing a fair balance.
If you would like to view all properties in Encinitas for sale, please visit http://sdnethomes.com
Encinitas can be divided into five areas:
Moonlight Beach, Encinitas
This report was prepared by Robert Sizer, 15 year Residential Real Estate Professional, specializing in North San Diego Coastal Properties, utilizing data from Sandicor MLS. The information is not guaranteed, but darn close for sure!
"Providing Superior Service For Extraordinary People Since 1994"
Contact me today with your real estate questions or needs 760-519-8436 or robert@robertsizer.com
September '09 average sales price ($917,970) for a home in Encinitas, including Leucadia and Olivenhain dipped 7.3% from September of '08, while the median sales price dipped nearly 20%.
How do you calculate Sales Price VS Average Sales Price?
Quick answer: Median price is half are below, half are above
Average price: All sold prices are added together into a sum;
the sum is then divided by the number of houses that sold.
*More homes sold below the average value in '09 vs '08, affecting the median price more than the average price
The number of sales increased from (28) homes sold in September '08 to (34) in September of '09.
Of the (28) homes sold in September of '08, (17) were financed conventionally (20% min. down), (9) were purchased with Cash and (2) used FHA financing (3.5% min.down).
Of the (34) homes sold in September of '09, (25) were financed conventionally, (8) were purchased with Cash and (1) FHA.
REO (Bank Owned) sales doubled from (3) in September of '08 to (6) in September of '09, which is very low compared to other cities in North San Diego County.
Shortsales (selling for less than what is owed) increased from a single short sale in September of '08 to a whopping (3) in September of '09. These too are very low compared to other cities in North County San Diego.
Currently, there are (152) active properties for Sale in Encinitas with (55) currently in Escrow.
If you would like to view all properties in Encinitas for sale, please visit http://sd.nethomes.com
Encinitas can be divided into five areas:
This report was prepared by Robert Sizer, 15 year Residential Real Estate Professional, specializing in North San Diego Coastal Properties, utilizing data from Sandicor MLS. The information is not guaranteed, but darn close for sure!
"Providing Superior Service For Extraordinary People Since 1994"
Contact me today with your real estate questions or needs 760-519-8436 or robert@robertsizer.com
If you're looking to purchase a castle-esque style property fit for a king and/or queen in San Diego County, bring your checkbook.
Of the 34 properties listed as selling (per the MLS) in excess of $5M this past year, the majority were purchased in cash, including the highest at $17,350,613 for a palacial oceanfront compound in La Jolla, which closed escrow in May of this year.
http://www.sandiego-coastal-homes.com/ recently aquired two incredibly unique property listings.
One is a brand new, contemporary oceanfront masterpiece MLS #: 090047175. Listed at $8.2M, it is an absolute must see if you or your clients desire the finest world class architecture on-the-beach in MB.
The other www.Remleyplacelajolla.com sits on top of the world in the highly coveted community of Country Club in La Jolla, nestled in a quiet serene setting, this private enclave welcomes you. Breathe in the panoramic crisp blue ocean and sky views, amongst fertile mature vegetation. Authentic 1930's Mediterranean old world charm spread amongst three separate detached structures for family, friends or staff, with privacy for all. One might consider combining two or all three structures for one grand palace. MLS #: 090035937 Asking $10.9M.
Both will be help open this weekend. Please email Robert@LuxREHomes.com for address and times.
Greetings Bob,
I certainly understand your feelings about your offer being accepted. On one hand the emotional side says, "Hey, my offer got accepted over 7 others!" On the other hand, you're thinking, "Can I afford the payment?"
This is very typical of first time home buyers; you are not alone. I've had the pleasure of successfully representing many first time home buyers over the years. Typically, their success is a direct result of taking action based upon sound and timely advise.
When we bought our first home, I wasn't in the industry. As a matter of fact, we had much less money to put down than you, which required that we pay PMI (private mortgage insurance) on top of the normal PITI. The thing we enjoyed most about home ownership, aside from the financial benefits, was pride of ownership. We had a place to call our own. Sure, it was a little tough at first, but soon it became easier and easier.
When we sold our home, we made a profit and bought up. And so it went...We sold our last property at the peak of the market and have rented by the beach since. My wife and are only now looking to buy again, because now is the time!
With that said...I believe the most important factor, aside from the financial, is quality of life. Do you like the neighborhood? Is is close to where you want to be? Do your neighbors share pride of ownership? Is the neighborhood condition getting better or worse? Do you have enough storage area? Will you outgrown this home quickly? Who will want to buy this home when you sell? What is the upside to your investment? Is there a downside?
If the positives outweight the negatives and this home meets your needs and budget, I say you've made the right decision.
Congratulations again on getting your offer accepted. Rest assured that I will be there to guide you every step of the way.
Your partner in success,
Robert Sizer, Managing Consultant www.sandiegonethomes.com
As a Realtor resident of Encinitas, California 92024 and a San Diego native, I feel incredibly fortunate to live and work here. Each day I awaken to the sounds of the sea and crashing waves at near-by Moonlight Beach, which in turn motivates me to go for a brisk morning run in preparation for each day.
Volleyball @ Moonlight Beach, Encinitas, CA
Running through the Village and Coastal streets, I notice lots of real estate activity. Curiously, I went home today to review some of the properties I observe along my daily runs. I love to stay current with the inventory of homes in my area.
Since most of these homes are over $1,000,000, I decided to focus this report on homes in that range. This is what I found in the local MLS as of Monday, June 8, 2009:
Currently, there are 142 active listings over $1M in Encinitas from the Coast & Leucadia to Olivenhain. The average days on market are 93 and the average list price is $2,145,400. That seems like a lot, when you consider...
There are 17 pending listings over $1M in Encinitas from the Coast & Leucadia to Olivenhain. The average days on market are 66 and the average list price is $1,534,261.
In the past 6 months 29 properties have closed escrow over $1M in Encinitas from the Coast to Olivenhain. The average days on market were 65 and the average sales price $1,599,741.
Of the 29 properties that closed over $1M there was only 1 bank owned property and 1 short sale, 26 were private sellers, and there was 1 new home sold. Of the 29 sales 19 were financed and 10 were purchased with cash.
Of course, there are hundreds of properties in Encinitas under $1M as well, with condo's starting around the $200K range.
The village of Encinitas is a serendipitous mixture of old world, retro and new age culture with loads of eye catching shops and restaurants to hold your attention. It is one of my favorite coastal towns to live and play in.
If you're interested in searching for property in Encinitas click here. Your comments are always welcome.
Robert Sizer, North San Diego Realtor/Resident/Specialist
Through extensive consultation, education & guidance, we help San Diego Home Buyers and Sellers make Dollars & Sense of Today's Real Estate Market, while Providing "Superior Service for our Extraordin
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