Contracts Low in Escondido Real Estate Market

Over the last 30 days, 98 homes went under contract in the Escondido market, the lowest amount since last January. Sales seem to be on the way down, falling to 107 homes sold over the same period, and extending a four-week downward trend. In comparison, San Diego led all other nearby municipalities with 905 contracts executed. While contracts were soft, months of inventory hit two, extending an upward trend to four weeks. With inventory so low in Escondido, it's still a definite seller's market, despite the shrinking contracts numbers.

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Demographic facts about Escondido:

  • The percentage of the population who rent their homes is 45.2%.
  • This area has a job growth projection of 34.5% for the next 10 years.
  • The student per librarian ratio in this area is 146,340:1. (803:1 = national average)

Data reported through 1/12/2017

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Pacific Sotheby's International Realty
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Lori B. Allen
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