Escondido is located in a long valley of the coastal mountains of Southern California. It lies about 18 miles inland, 100 miles south of Los Angeles, and 30 miles northeast of San Diego. Surrounded by citrus and avocado groves, Escondido is a very diverse community with a good mix of a small town and a big city. They have attractive homes in a wide range of prices, 8 parks, 2 lakes, a sports center, golf courses, restaurants, wineries, shopping centers, comprehensive healthcare and Escondido is also near The San Diego Wild Animal Park. Furthermore, the California Center for the Art brings world class entertainment to the Mingei gallery and Queen Califia's Magical Circle, which is a sculpture garden in Kit Carson Park. Recently, Escondido was named the Best Place in the West in which to retire, by Money Magazine. Finally, Escondido was also named a Kid-Friendly City for their broad range of youth programs. Of course, Hidden Meadows, Escondido California has one of the best climates in southern California. It is an upscale country town, where the crime rate is very low. Also, Hidden Meadows isn’t too far from the golf course and country club which was until recently owned by Lawrence Welk. In addition, the great microclimate above the fog-line grants Hidden Meadows, birds and wildlife of all kinds. Finally, the temperatures support everything from palm to oak trees that have reached hundreds of years old!
This is a discussion on the sales prices for homes sold recently as compared to last year. In the past 90 days, there have been 66 homes that have sold and closed escrow in North Escondido, CA. These homes range in prices from a low of $275,000 for a 3 bedroom, 3 bath, and 1,771 square foot home on 328 Balley Tree Place. With a high price of $1,250,000 for a 3 bedroom, 4 baths, 4609 square foot home in North Escondido. The average sold price is $427,841, the average price per square foot is $204 and the average days on market are 54 days.
During this same 90 day period last year, there were 69 homes that sold and closed escrow in North Escondido, California. These homes ranged in price from $319,000 for a 2 bedroom, 2 bath, 1,530 square foot home on 8975-66 Lawrence Welk Drive, located in Champagne Village. Up to the high price of $1,499,000 for a 4 bedroom, 5 baths, 4,179 square foot home on 9654 Misty Meadow Lane. The average price of these sold homes one year ago was $560,780 and the average price per square foot was $275. Also, the average days on the market were 75 days. Comparing these figures to the current market are the following; the average price decreased by 31% and the average price per square foot decreased by 35%. This is a drop in prices do to the correction in the market, high inventory and increase in foreclosures, which is a good deal for buyers. Even though the market decreased in prices, we are experiencing an unusual influx of investors and first time buyers. Do to the low interest rates and low prices there has been a lot of activity including multiple offers on properties, especially bank owned.
Below is one of County Properties bank owned foreclosure listing located in North Escondido for sale.
28950 Royal Rim Drive Escondido, CALIFORNIA 92026 Price: $769,900
4 Bedrooms, 4 Bathrooms
Acres: 2.77 Square footage: 3,238
Year built: 2001
Listing # 080051179
Bank Owned - custom built home with open floor plan, granite countertops, and stainless steel appliances. Great Room with double sided Fireplace. Nook, Dining area, Master with retreat, all bedrooms have a bathroom. Oversized 3 car garage. Patio has built in BBQ, great for entertaining. Backyard is huge with room for a swimming pool. This home is located in Hidden Meadows, Escondido. The following is some information on Hidden Meadows:
There are very few apartments and condos, but many custom homes in Hidden Meadows, Escondido CA. They have approximately 1,200 homes and the homes in Hidden Meadows are 96% owner-occupied. Also, there are 203 tract homes currently in Hidden Meadows. Half of these homes surround the golf course and the other half in a less formal setting. On some of the home sites, snow-covered mountains or even the ocean can be seen.
If you would like to view all homes, condos or bank owned foreclosures (REO) listed for sale, please visit our website at: County Properties Real Estate.
