January saw a strong increase in sales price for detached homes in Encinitas from $1,045,000 in December to $1,159,700 in January.

However, Encinitas real estate for sale did see a decline in home sales from 32 single family detached homes sold in December to 19 sold in January.

Encinitas currently has 120 single family detached homes listed on the market for sale,
and there are 82 homes under contract to purchase (or in escrow).

Interest rates are holding strong at a historic low of 3.875%

According to the AP this morning, January saw employers add 243,000 jobs bringing the unemployment rate down to 8.3%.

All great signs of a market recovery.
Just pray it all has some staying power!

Cheers,
James Baxter