In today’s world, buying and selling real estate is a challenge. Anyone thinking about buying and selling real estate ponders the same question – is it the right time? For those wanting to be near the Pacific Coast or to live the epitome of the Southern California lifestyle, it is always the time!
Selling in Encinitas
Sellers must consider several things when determining whether it is a good time to list a home including the sale price of comparable homes, the total number of sales and pending properties in a given month, and how long it takes to sell a home. Currently, the median sale price of single-family homes in Encinitas sits at about $920K which is up over the past months and past year. The total number of sales over the past couple of months is flat or down ever so slightly, but the number of pending properties continues to increase which shows there are buyers out there who want or need to move. The best part is that homes are typically selling within about two months or 65 days. This is very important for sellers in need of selling due to a move or because they want to buy another home.
For attached homes like condominiums and townhomes, the most recent median sales price is at about $335K. Over the past few months as well as the past year, the median price has fluctuated but the number of sales has increased substantially over the same time period. It does take a bit longer to sell a condominium as they stay on the market for an average of about 115 days.
Buying a Home in Encinitas
Home buyers need to act if they want to buy in Encinitas as homes sales are beginning to turn and have shown solid gains over the past year. While there is still the opportunity to buy at lower prices than several years ago, the tide is turning and will, more than likely, continue to increase. For those seriously considering buying a home in Encinitas, do not sit on the fence for very long. The amount of time on them market is not long making it necessary to “pull the trigger” as they say in the sales industry. There are deals out there for buyers, especially with condominium homes, but it is necessary to make a decision at this point in time before the increases continue.
As for foreclosures and short sales, there is a handful each month. The total number is on the decline which is great because of the enormous amount of distressed property for the past several years in Southern California.
Relocating to Encinitas
Encinitas is lucky in that four excellent school districts serve this wonderful place. This is the kind of information needed for relocating. Working with our experienced agents who know the area is helpful in that you have the best sources of information at your fingertips. Not only can we provide you with the most up to date real estate listings, we can also give you our first-hand knowledge of everything involved in relocating to the area.
Never a Bad Time to Get in the Market
There are definitely advantages and disadvantages in the Encinitas real estate market. Prices are on the rise but are still not where they used to be. The biggest advantage in Encinitas is that people have a desire to live the Southern California lifestyle and there is no better place to do that than in Encinitas.
Whether you are buying or selling, our agents know the market and can help craft a plan to list and sell your home or help you find the home that meets and exceeds your needs and desires. Even with distressed property, we know and understand this market, and can give you the latest information should you decide to go that route.
Encinitas is the ultimate Southern California town. Living here is the ultimate in an ideal lifestyle. Be part of it!