hawk I also know Encinitas, not as well as sdr but pretty well. A very nice couple let me list their park village condo and it went very quickly. Lots of people came to look at it and they priced it to sell and it went. Indeed the attached homes in Encinitas have held up much much better then other attached homes throughout the county. It has good schools, it has character, and it seemingly is a desired destination for alot of people.
I have another client and she sold her condo in Hillcrest and has me on high alert for a townhome or a twin home in Encinitas. She is very specific about what she wants and as sdr said the inventory in Encinitas for townhomes is scarce at best. I even tried to show here some of the twin homes that are in 92009 like la costa meadows and that area and she is sticking to her guns and wants Encinitas.
I am agreement with everyone here that the market will continue to depreciate for the next few years. My only variation is that certain submarkets for certain types of homes will hold up better and some will plummet much worse.
The attached housing market in Encinitas has declined off the highs but not nearly as much as other attached housing submarkets. Whether that will continue to hold true is speculative but the demand is there and the supply is not so this bodes better at least for the short term.
She also would really love a detached home in Encinitas but they are out of here price range for now. Sounds like you guys are in the exact same boat.
