It was mentioned that bubbleinfo never makes it to Escondido – why? It’s the wild, wild west! But if it’s good enough for the Governator (who was there Friday) then let’s give Esco a moment.
We can call Escondido’s real estate market…um….”diverse”.
In 2009 there have been four houses sell under $100,000, and three at $1,200,000 or higher – and the ocean is 15 miles away!
Here’s an example of Escondido’s market today:
3 br/2 ba, 1,680sf
YB: 1975, no monthly fees
SP: $585,000 11/05
LP: $285,000 6/09 short sale
Even though this looks close to the I-15 freeway on the map, it’s actually a quiet and peaceful rural location. Nice enough that my buyer offered $325,000 with a hefty down payment, figuring that there could be competition.
Interest was high alright – 18 offers, with one in the $390,000s!