Encinitas currently has 80 single-family detached homes active on the market with only 9 homes of those homes under $700,000.
Encinitas saw 44 homes sell in December with an average sales price of $975,907
The lowest priced home to sell was 1743 Old Mills Rd at $380,000, which was well below market value and the high was 503 Ocean Bluff Way at $2.1 million.
The average market time is currently 59 days.
The HomeDex is reporting:
Detached homes in North County increased 1.03 percent in December 2012 to $489,500 compared to $484,500 in November 2012. Year-over median price in North San Diego County jumped 18.25 percent compared to $413,938 reported in December 2011, the fifth consecutive month of year-over price increases.
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.