Want to hear a surprising secret? The median price for resale detached homes in Encinitas (92024) actually rose 4.4%, when comparing year end 2007 to the same period in 2006. And with 446 home sales in 2007, the median resale detached home price stood at $835,000.
Still, we are calling this a buyer's market because of buyer sentiment (a fuzzy calculation) and the increased number of days it now takes to market a home in Encinitas.
We love sharpening our pencils and battling on behalf of our clients. For our buyers, we are negotiating some incredible bargains (call and ask how low!). Savvy sellers who are serious about getting their homes sold, trust we can get the job done. If a property isn't selling it is either because of condition or price or both. It is the MARKET that determines property value--not the agent, the seller or concerned neighbors.
The prior market where sellers could sell to the highest frantic bidder is long gone. Pricing is now determined by the market, and what a willing and able buyer is willing to pay. That buyer, in turn, may compete with other buyers to determine an equitable sales price. To see the most recently published market report, go to:
We remain optimistic about the San Diego economy and see itsspricing adjustments as a healthy and normal phenomenon. Furthermore, we have had a recent surge in buyer calls. It may be that shrewd buyers waiting in the wings are now stepping into the market. It is an entrance that should please both sellers and their agents.
ZIP Codes: 92024, 92007 Approximate Location Boundaries: Carlsbad/La Costa to the north, Rancho Santa Fe to the east, Solana Beach to the south and Pacific Ocean to the west.
Location Characteristics: Encinitas is a garden and beach paradise for lucky visitors, vacationers and local residents. It offers six miles of both sandy and rugged coastline and acres of colorful gardens and breath-taking ocean view golfing at Encinitas Ranch.
The city of Encinitas, with a population of around 60,000, was incorporated in 1986, and brought together the diverse communities of Old Encinitas, New Encinitas, Olivenhain, Cardiff-by-the-Sea and Leucadia. Coastal Encinitas is host to a fertile flower growing industry, leading some to call it the Flower Growing Capital of the country. Quail Botanical Gardens is a must-to-visit and features not only an Amazon Rain Forest, but also a significant display of bamboo species. For quiet meditation and reflection, don't miss strolling through the gardens of the Self Realization Fellowship Center in downtown Encinitas, which offers a most serene setting overlooking the ocean. It is a place to never be forgotten!
Recreation in Encinitas is nothing short of outstanding. Encinitas Ranch Golf Course lures golfers from around the globe with its 18-hole, 72-par course offering breathtaking ocean views and balmy ocean breezes. It is a public facility with beauty that rivals nearby Torrey Pines. The beaches in Encinitas stretch between La Costa to the north and Cardiff-by-the-Sea to the south. Any day of the year, one is likely to see surfers paddling to sea and riding waves to shore.
About Roberta, Scott and Mike Murphy:
If you are seeking ethical, experienced and knowledgeable real estate service, you may wish to call Roberta or Mike Murphy for your next real estate transaction. They may be reached toll free at 877-818-8197 or directly at 760-402-9101/9102. The award-winning Murphy Group with Villa Sotheby's International Realty is additionally represented by the tremendous talents of Eve Sieminski (GRI), Scott Murphy (GRI), Ilene Brodsky and Daruish Abedian. Please feel free to explore either www.SanDiegoPreviews.com or our blog: www.LuxuryHomeDigest.com
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
