Figures reflect 40 closed residential sales in Encinitas during July 2026. Data obtained 2026-08-03.Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-03 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
40 homes closed in July, the quietest month of the summer by volume, and the median price per square foot came in at $1,029.
- Median price per square foot reached $1,029, the second month this year above $1,000
- The top sale closed at $5,910,000, six bedrooms across 5,605 square feet
- Homes again closed at 100% of the final asking price, with 52.5% at or above it
A thousand dollars a square foot is now the middle of the Encinitas market, not the top of it.
The blended median was $1,892,750, but only nine of July's 40 sales were attached, the thinnest attached month of the spring, so the per square foot figure does the more honest work here. Encinitas has now printed a median above $1,000 a square foot twice this year, in April and again in July, having done it only twice before in the previous three years. Across the three months to July it ran 6.5% ahead of the same period last year.
The average 30-year mortgage dipped to 6.43 percent the week of 2 July, then climbed to 6.66 percent by the 30th. When the Fed held at 3.5 to 3.75 percent on 29 July, the vote was 9 to 3 and all three dissenters wanted a quarter-point hike, not a cut. None of that reached the Encinitas closing table. Price per square foot crossed $1,000 for the first time, at $1,029 against $926 in June, homes sold in 9 days, and the median landed at 100 percent of the final asking price. On 40 sales this is a thin month, and thin months move more than the market underneath them.
Rate figures: Federal Reserve FOMC statements and Summary of Economic Projections; Freddie Mac Primary Mortgage Market Survey. Sales figures: CRMLS.
If you're thinking about selling
Two months running at exactly full asking price. That is not a market you need to discount into. It is a market where the number you pick is the number you get, so pick it with the recent closed sales in front of you.
If you're thinking about buying
Forty sales in a month across an entire city is not much. With 118 homes active in early August, about 2.7 months of supply, waiting for more choice has not been a strategy that worked in Encinitas this year.
Looking closer
Browse every home for sale in Encinitas, or read the rest of the market reports. Neighborhood by neighborhood: Cardiff by the Sea, Encinitas Ranch. If you want the read on your own street rather than the whole city, get in touch or see what your home is worth on our seller's guide. Buying instead? Start with the buyer's guide and the financing tools.
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