IMHO, that area of Encinitas is one of the most overpriced areas because most of the residents there are “regular people” who probably earn between $50K and $100K per household. This location has experienced some of the more dramatic price drops in Encinitas because it was the most unsustainable and is the “entry” market in Enc.

I think prices in the NE area (relative to ECR/Enc Blvd intersection) will drop to around $230K-$300K and prices in the SE area will be slightly above this (because the houses and lots are generally larger).

There have been a few better-looking listings lately, compared to peak prices, so if you are seriously considering buying right now, try to get something under $500K for a 3/2. I would highly recommend waiting at least another year, and try to time your purchase around November, as seasonal factors do make a difference.

IMHO, that area of Encinitas is one of the most overpriced areas because most of the residents there are “regular people” who probably earn between $50K and $100K per household. This location has experienced some of the more dramatic price drops in Encinitas because it was the most unsustainable and is the “entry” market in Enc.

I think prices in the NE area (relative to ECR/Enc Blvd intersection) will drop to around $230K-$300K and prices in the SE area will be slightly above this (because the houses and lots are generally larger).

There have been a few better-looking listings lately, compared to peak prices, so if you are seriously considering buying right now, try to get something under $500K for a 3/2. I would highly recommend waiting at least another year, and try to time your purchase around November, as seasonal factors do make a difference.

IMHO, that area of Encinitas is one of the most overpriced areas because most of the residents there are “regular people” who probably earn between $50K and $100K per household. This location has experienced some of the more dramatic price drops in Encinitas because it was the most unsustainable and is the “entry” market in Enc.

I think prices in the NE area (relative to ECR/Enc Blvd intersection) will drop to around $230K-$300K and prices in the SE area will be slightly above this (because the houses and lots are generally larger).

There have been a few better-looking listings lately, compared to peak prices, so if you are seriously considering buying right now, try to get something under $500K for a 3/2. I would highly recommend waiting at least another year, and try to time your purchase around November, as seasonal factors do make a difference.

Hi Nesposito –

I have been up there alot lately for two clients. I could not agree more with the previous poster about prices dropping there over the next few years. I don’t know how far that they will drop so I will not make any bold predictions about that. All I would say is that there is so much inventory in that area that you have mentioned that it is really inevitable. From a supply/demand point of view you are really in the catbird seat if you can wait. You mentioned that you are already locked into a particular loan so that would imply you have already made an offer on a home. Is there a particular home you are thinking about or want information on.

SD Realtor

Hi Nesposito –

I have been up there alot lately for two clients. I could not agree more with the previous poster about prices dropping there over the next few years. I don’t know how far that they will drop so I will not make any bold predictions about that. All I would say is that there is so much inventory in that area that you have mentioned that it is really inevitable. From a supply/demand point of view you are really in the catbird seat if you can wait. You mentioned that you are already locked into a particular loan so that would imply you have already made an offer on a home. Is there a particular home you are thinking about or want information on.

SD Realtor

I am confused. I agree that Encinitas is overpriced, and it hasn’t fallen much. Why does everyone talk about high inventry and lowering prices in Encinitas? I am looking for a 4 bed with 200 sq ft built any year but somewhat updated….and I get very few houses. Best one I have been able to find is $800K and is in the Flora Vista/Digueno school area. House should be $400K at best IMHO.

What gives?

I am confused. I agree that Encinitas is overpriced, and it hasn’t fallen much. Why does everyone talk about high inventry and lowering prices in Encinitas? I am looking for a 4 bed with 200 sq ft built any year but somewhat updated….and I get very few houses. Best one I have been able to find is $800K and is in the Flora Vista/Digueno school area. House should be $400K at best IMHO.

What gives?