In the city of Escondido and the zip code of 92026: The property value trend is Increasing, indicated by a median $/Sqft over the past 6 months 6.6% greater than the same period 1 year ago. The Demand/Supply trend is In Balance, indicated by 2 months of current housing supply. The Marketing Time trend is Under 3 months, indicated by a median marketing time of 25 days and an average marketing time of 50 days over the past 6 months. Foreclosure activity remains high and future declines due to distressed sales is possible. Over the past 30 days there were 57 total sales and 22 bank sales (38.6% of all sales were bank sales). There are currently 162 bank owned homes, 225 homes in foreclosure, and 181 homes that have received a notice of default (mortgage is 60+ days late), but that are not in foreclosure. According to the MLS there are 7 bank owned homes currently listed for sale which indicates that 95.7% of all bank owned homes are not being actively marketed in the MLS.
Brian Ward
Real Estate Appraiser
(619) 630-9273
