7 new real estate properties in Escondido, California have been added to Ofirio in the last 7 days.
Of those new properties:
Escondido, California has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 2% lower than than the list price. The demand for luxury real estate is higher than the demand for “Under $200k” real estate by 4%. Homes in Escondido, California are on the market for 68 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 2 Beds segment and it is 24% ($347,200) more than the week prior.
The average closing price for real estate in Escondido California has fallen by 10% from the last week, which amounted to $887,849.
As of January 2023 Escondido, CA is a seller market which means homes sell faster at a higher price. In January 2023, 29 homes (35.8%) sold at asking price, 35 homes (43.2%) sold below asking price, and 17 homes (21.0%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 1.3% from $690,000 in January 2022 to $699,000 in January 2023. The number of homes sold in Escondido, CA has decreased by 37.1% over the last year from 116 in January 2022 to 73 homes in January 2023.
Homes in Escondido, CA have sold for 1.7% more per ft² than they did a year ago. As of January 2023 the average price per square foot is $437.
Escondido, CA is a county of San Diego with a population size of around 153,000. The cost of living in the city is significantly higher than the US average with homes for sale in Escondido, CA costing over two times that of the national average.
Escondido real estate typically sells for around $699,000 with homes having two to four bedrooms on average.
Food, transportation, and utilities are all more expensive than the US average. On the plus side, health care is less expensive in Escondido.
As for the weather, the high tends to be around 90 degrees Fahrenheit in the summer months and a low of 35 degrees during the winter months.
The city has seen a steady increase in population size and will likely continue to grow in the future. Escondido is also a safe place to live with crime rates lower than the national average.
There are many entertainment sites and activities throughout the city that make Escondido a fun place to visit.
Overall, other than high housing costs, Escondido is a great place to live with plenty of entertainment options.
The average salary in Escondido, CA ranges around $51,000 to $68,880 which is enough to live on. However, with high housing costs, it may be difficult to find affordable homes for sale in Escondido, CA.
There are many public parks and schools throughout the city and Escondido residents also get close access to California State University in San Marcos just 10 minutes away.
There is also plenty of economic opportunity in the city as well as in San Diego which is just half an hour away.
Escondido real estate is unusually expensive when compared to the US average with a median home cost of around $699,000.
Other living expenses such as food, utilities, and transportation are also more expensive than the national average. Because of that, Escondido is an expensive place to live.
However, it is slightly less expensive than the California average which may make it an ideal choice for those wanting to live in California.
There are many historical and entertainment destinations throughout Escondido. The San Pasqual Battlefield State Historic Park, for example, marks the spot where the American-Mexican battle of 1846 took place. Visitors can learn about the history of the war and what happened on the battlefield.
The Daley Ranch covers over 3,000 acres and is a great place to go hiking or biking and see the beautiful natural environment of Escondido. Dixon Lake is also a popular destination where visitors can camp, go boating, and even fish.
The San Diego Zoo Safari Park is located in Escondido and covers 100 acres of land with over 3,500 animals. Visitors can go on a safari tour and see all that the park has to offer.
Another popular destination is the San Diego Archaeological Center which is a museum that showcases the history of the land.
If you enjoy the arts, then the California Center for the Arts is a great place to catch shows and tour their in-house museum.
There are plenty of parks in the city including the historic Grape Day Park which is the oldest park in the city.
For those who like craft beers, the Stone Brewing World Bistro and Gardens is a popular spot with over 36 craft beers available from their organic beer garden.
Overall, there are plenty of entertainment options throughout Escondido from historical spots to all kinds of parks.
Escondido is a decent size city with a population size of around 153,000. Escondido has a large Hispanic population which has since surpassed the white population in the area.
There is a small percentage of Asian and Black ethnicities in the city. The median age is around 38 years old with around half of the population being married.
About 30% of residents have obtained a Bachelor’s degree and there is an equal amount of males and females.
Homes for sale in Escondido, CA are more than two times the cost of the national average. However, there has recently been a decrease in cost which may make it a good time to invest in a home.
With rising population rates and a historical increase in home value over the years, Escondido could be a great place to buy a home and make a sizable profit on it.
However, it should be noted that while the real estate market in Escondido is competitive, it has decreased in growth which could be due to a variety of factors such as California’s high cost of living.