Real Estate Watch – Nancarrow Realty Group
Encinitas Continues to Thrive
The city’s population according to the American Community Survey is 60,000. The median household income is $87,000. The senior population is expected to grow in the coming years while the younger residents will decline, probably because the real estate market will exceed their price range. The real estate market in Encinitas continues to blossom and thrive! The new median list price is $1,412,500, the average time on market is 75 days, and the median house size is 3,048 square feet. Nationwide we’ve had 38 consecutive months of annual increases in home prices. Prices have increased by 6.8% over the last year and this month alone they have increased by 2.7%. We still haven’t hit the highs of 2006 but we’re getting close, as we’re only about 9% down from that high. As with everything in life, what comes up must come down, but the trend for now is up, up, up.