Encinitas, CA Home Prices & Values $852,600 Zillow Home Value Index 7.5% 1-year change 5.3% 1-year forecast May 2013 Jul 2014 Jun 2015 Market Temperature: Cool Buyers Market & Sellers Market The median home value in Encinitas is $852,600. Encinitas home values have gone up 7.5% over the past year and Zillow predicts they will rise 5.3% within the next year. The median list price per square foot in Encinitas is $461, which is higher than the San Diego Metro average of $298. The median price of homes currently listed in Encinitas is $1,295,000 while the median price of homes that sold is $736,250. The median rent price in Encinitas is $2,995, which is higher than the San Diego Metro median of $2,095. Foreclosures will be a factor impacting home values in the next several years. In Encinitas 0.4 homes are foreclosed (per 10,000). This is lower than the San Diego Metro value of 1.9 and also lower than the national value of 4.3 Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Encinitas is 2.3%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Encinitas homeowners underwater on their mortgage is 3.7%, which is lower than San Diego Metro at 12.6%. Encinitas Demographics: Population: 62,048 For Sale (306) Recently Sold (2677) Relationship Status Encinitas People Data Encinitas....... National Median Household Income: $63,954 $44,512 Single Males: 16.4% 14.6% Single Females: 12.1% 12.5% Median Age: 36 36 Homes With Kids: 30.3% 31.4% Average Household Size: 2.5 2.6 Average Commute Time (Minutes): 28 26 Who Lives Here? The main types of people are: People who live in this neighborhood Most Eligible—High-income singles living in the burbs. These pre-middle-age to middle-age singles have college educations and bring in high incomes. Some own their homes. Stretching Couples—High-income, high- expense suburban couples. These married couples without children earn handsome salaries, but have significantly higher mortgages than the national average. Most own their homes, and some have a college education. Suburban Elite—Suburban super-rich couples with children. Middle-aged married couples with a luxurious lifestyle in the suburbs. More than 15% have a family income of $200,000 or more. The majority have a college or graduate school degree, and most own their homes.
Posted on: Fri, 01 Aug 2014 01:18:08 +0000
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