The median $/Sqft in Escondido, CA changed less than 1% over the past year indicating a stable property values trend. There are currently 6.7 months of housing inventory indicating a balanced demand/supply trend. Over the past month, properties sold after a median of 55 days indicating a marketing time trend of under 3 months. 49.2% of all MLS sales were bank sales or short sales over the past 3 months which is effectively equal to the 48.8% of all sales that were bank sales or short sales during the same period last year. Bank sales and short sales are at historically high levels and are putting downward pressure on property values.
Brian Ward Appraisal
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(619) 630-9273
brian@brianward.com
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