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Escondido, CA Homes Sold May 2010

Current Market Trends Escondido, CA 92025, 92026, 92027, 92029

Escondido Real Estate Trends

So… I bet you are all waiting with baited breath to learn what is going on in beautiful Escondido, California Real Estate Market.  Well you have come to the right place to get the up to the minute report.

Escondido continues a positive trend upward in all areas.  The last look at this market was in our report Escondido H0mes Sold February and March 2010.

In that report we looked at 2 months rather than the typical 1 month cycle as we are here, and we are still seeing stronger numbers through just 1 month as apposed to 2.

This month shows an increase in both ACTIVE listings as well as SOLD listings…that means there is some movin and shakin going on.  The active listings increased from 369 early in the year to 432 currently.  Sold listings increased from 127 to 142 in May. 

Much of this flurry of activity has been due to the tax incentives that buyers have been eager to cash in on, but some of it is due to that shadow inventory o f  REO homes being released a little at a time.  Buyers have more inventory to choose from…but still not too much, just enough to keep them happy.

Another positive increase we are seeing is in the average SOLD price.  That figure has gone from $347,158 to currently $361,486.

As we move into the summer season, we should continue to see the typical increase in activity as home buyers make their purchases in time to settle in for the fall season before school starts again.

Overall, the market is looking a lot more balanced than it has in a very long time.  This is a good time to be a buyer or a seller.

If you would like specific information on any area in San Diego County or for any Real Estate questions, jut give us a call, we are here to help!

Pam Parton and Joanna Woolley 760-580-1615 or 760-580-1630