Encinitas real estate is some of the most desireable property to own in all of California. It has some of the most beautiful coastline and weather in the world! Residents of this area love the beach lifestyle and casual nature of their community. Home prices range from $900,000 to about $7 million.
One of the most important investment decisions you will ever make will be your selection of real estate as a home or an investment. When purchased and managed properly, California real estate can be one of the safest and most profitable investments available today. For other useful information on the area click on the links below.
Encinitas Real Estate
Area Information
Encinitas Housing
When purchased and managed properly, real estate is one of the safest and most profitable investments available to the average person. Encinitas has several different areas and properties in all price ranges down to about $600,000. There are older cottages and bungalows in Leucadia for instance, which are at the lower end of the areas price range, and there are newer estate type homes in the Olivenhain area in the two to three million dollar range. There are also beautiful homes along the hillside in Cardiff and along Neptune which may go for between one and two million dollars.
In July 2006 the average Encinitas home was valued at $992,250 and the median was $825,000. The San Diego County median home price from July 2005 to July 2006 increased 24%. Of course prices have not been as high as they are, nonetheless, prices still continue to increase significantly. A cottage which originally sold for $6,000 in 1960, was worth $15,000 in 1970, $65,000 in 1980, $150,000 in 1990 and may be worth nearly a million dollars today, mostly for the value of the land. In some parts of the city, there are still lots or land available, but it is running out fast.
The market for Encinitas real estate is strong, and not only are there some great properties available, the area also has some of the best weather anywhere! Encinitas is a great place to live and work. You don't have to be a professional investor to benefit from the strength of the current housing market, but you should be careful and do research before making any investment or purchase. The most important considerations are:
1) Know the market...what is happening in the area and economy
2) Know how to analyze a property
3) Know your limits (dollar and risk wise)
If you're considering this prime area for your next home, please contact Hannon Properties. Click here to contact us.
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