Encinitas Real Estate Market Report for July 2007
By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
The following is a summary of market conditions from the MLS for Encinitas for the month of July. Please note that information from private sales and new construction developments not in the MLS is not included here.Homes for sale - 221 detached, 68 attached (down 1% from June)59 detached and 17 attached homes came on the market in July (6 of these homes or 8% went into escrow in the month they came on the market)205 detached and 91 attached homes have sold in the last 6 monthsAbsorption (inventory) is 6.5 months for detached (a small increase from June) and 4.5 months for attached homes (a decrease)Average marketing time was 71 days for attached and 59 days for detachedMedian sales price for detached - $865,000, a 2% increase over JuneMedian sales price for attached - $460,000, down 5%...
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