Four Seasons Realty: Encinitas California Foreclosure Auction, Bank Owned REO, Short Sale, Real Estate, Homes for Sale

Encinitas California Foreclosure Auction, Bank Owned REO, Short Sale, Real Estate, Homes for Sale

Hello and Welcome to Encinitas Foreclosure properties. During the recent down turn Encinitas home prices have experienced declines due to the overwhelming number of foreclosures and the tightening of credit. The region also faces pressure due to the recent rises in unemployment. So the question to ask, Is there opportunity to buy in this market? We believe the answer is Yes, but only with the right approach. The potential silver lining and opportunity here is the following: According to Dataquick, in the month of May, 2009 there were 3,094 sales in San Diego county which represents a 8% increase in sales volume over May of 2008. The median home price for San Diego has actually increased by 15,000 over the last 3 months from a low of 280,000 to 295,000 in May. The median home prices in Encinitas for that same 1 year period have fallen by 23% to a median price for Encinitas of $518,500 making Encinitas as affordable as it’s been in years. Many value buyers are now stepping in to take advantage of the great prices because certain price ranges are definitely starting to see stabilization. To learn more about foreclosures in Encinitas, please click the yellow map above , where you can search all active foreclosure, short Sale, REO, and auction listings along with the entire San Diego county MLS. You can also sign up for our free Property watch service which will automatically keep you updated on any new listings that fit your guidelines or any price changes! We Look Forward to Hearing From you!
1 comment • Cody Haworth Carlsbad Homes for Sale • July 13 2009 09:36PM

Comments

Very good video. I'm currently trying to set up my youtube blog and can't figure out how to upload photos. Looks like Beacons in the background. Were you standing on the stair landing? Or did you super-impose the background? I wasn't aware that Encinitas values had declined that much. I'm West of Coast Highway just off of Neptune (less than a football field from Beacons) and haven't seen much if any decline around here. Is the decline more inland than coastal or do you actually know of some properties in this neighborhood that are down 23%?
Posted by John Arendsen, Real Estate Sales & Inves Real Estate Distressed Property & Rehab (TAG Real Estate Sales & Investments & ON THE LEVEL GC) almost 3 years ago

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