There is one closed sale in Encinitas Estates in the last 60 days. It was a 3Br/2BA 1300 sq ft home that sold for 500K in a week. If we go back 90 days we pick up 2 oter sales both REO’s. a 4BR/2.5 1836 sq ft for 550K and 4Br/2.5BA 2800 sq ft home for 655K both in very poor condition. At the peak the largest homes sold in the 700’s but 800’s would have been an exception.

The biggest drops are in Village Park proper where many low end sfr homes and townhomes were sold to hispanic buyers by hispanic agents/lopan brokers with 100% financing. Other than that, the area seems to be holding up surprisingly well so far.