Latest Real Estate Market Data for January 2010!
Every time you turn on the news or read the newspaper, you hear some sort of report about the real estate market. In most cases, however, the report is about the national real estate market and not the specific statistics for the city where you live.
Buyers, sellers, and homeowners in Escondido, California should be familiar with the current real estate market statistics for your city. So, here’s the latest information for you:
| Detached Homes | Total Sold | Days on Market | Average Sold Price |
| January 2010 | 82 | 47 | $341,734 |
| December 2009 | 139 | 50 | $336,336 |
| Attached Homes | Total Sold | Days on Market | Average Sold Price |
| January 2010 | 30 | 79 | $140,633 |
| December 2009 | 44 | 68 | $120,090 |
Total sales declined in January in Escondido, but there was an increase in attached and detached property values in January. It would be difficult to speculate as to the reason for the decline in total sales. Historically, the holidays have impacted the home sales in subsequent months, and perhaps that was the case in this situation.
Two specific factors to consider:
How does this data help if you are a home buyer? Prospective buyers can use this data to help determine whether buying a home in Escondido is within their price range, once they have been pre-qualified by a mortgage lender.
Click Here to Learn Home Buying Tips for Escondido Home Buyers
How does this data help if you are a home seller? This information is critical to home sellers in Escondido. Over the past few years, property values have declined and many sellers may need to make tough decisions about whether to sell, and whether a short sale in Escondido might be a consideration.
Click Here to Learn More About Selling a Home in Escondido
This summary of the market data is based upon a review of data provided by Sandicor and the Multiple Listing Service of San Diego County. If you have any questions about the data or would like to receive full report of the information provided, feel free to contact me.
