Escondido Real Estate Market Statistics

Median List Price of Escondido Homes

The median list price of Escondido real estate,  CA this week is $375,000.  The 694 Escondido properties have been on the market for an average of 127 days. With Escondido housing inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.

Supply and Demand of Escondido Inventory

The Escondido real estate market has shown some evidence of slowing recently. Both prices and Escondido inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.


Market Action Index for Escondido Homes

The Market Action Index answers the question “How’s the Market?” by measuring
the current rate of sale versus the amount of the inventory. Index above 30
implies a seller’s advantage. Below 30, conditions give the advantage to the
buyer. The current Escondido housing Market Action Index is 17.1. That is a strong Escondido home buyers’ market. Therefore, it is a good time to be buying Escondido homes. Click here to see current listings of Escondido homes for sale. For more information about Escondido properties,  contact Gary Harmon, your top Escondido Realtor.

Carlsbad homes market statistics for November 2010 were furnished courtesy of Pickford Escrow, one of Gary’s winning team members. Statistics were compliled by Altos Research. For full Altos Research report, click here.

Escondido Market Update

Escondido Housing Market  as of 2-15-2010

This week the median price for a home in the  Escondido real estate area was $399,900. This is down from the median price in November of 2009 of $415,000.  The average asking price per squae foot was $193.  The inventory of Escondido homes for sale is increasing.  This is partially due to the usual homes coming on the market after the first of the year.  The other contributing factor, and somewhat more concerning, is the slow down in sales of Escondido homes. In is definitely a buyers market as the demand level is low relative to the available inventory of Escondido homes for sale.  This weakening Escondido real estate market has caused prices to start to come down. See the chart below for trends supplied by Altos Research.

Escondido Market Data

Another good way to look at Escondido real estate data is to look at sales by quartiles, the most expensive to the least. In the top or first quartile the median sales price was $749,500.  Down from $875,000.  In the second quartile Escondido housing prices were $485,000, down from $508,000. In the 3rd quartile Escondido properties had a median price of $319,990, down from $339,000 .  And in the bottom quartile Escondido housing had a median price of $217,000 which was up from $210,000 last November.  To get more current market conditions on Escondido homes for sale, call Gary Harmon, your Prudential California Realty Escondido Realtor.