Carlsbad Real Estate News and Views

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s my San Marcos Home Worth? San Marcos Home Sales November 2019

What’s the Value of my San Marcos Home?

San Marcos Market Report for November 2019

 

San Elijo HIlls Town Center in San MarcosThe San Marcos real estate market continues to shift. These data do not include private sales or manufactured housing; the data are derived from the MLS and are believed to be accurate at the time this report was published, but are not guaranteed.

 

Having details about up-to-date local market conditions benefits you as a buyer or seller so you can make informed decisions about buying and selling San Marcos homes for sale.

 

READ MORE:

San Marcos - A Thriving Inland Residential Community

San Elijo Hills – Award-Winning Master Planned Community in San Marcos

Lake San Marcos – Resort and Residential Community in San Marcos, CA

 

In November 2019 there were 91 homes sold in San Marcos’ 2 zip codes (92069 and 92078), a substantial 19% decrease from last month, a trend seen in other nearby communities. Here’s the breakdown of overall activity.

 

Detached Homes Sold
64 (down 14%), 39 Days on Market, Average Sales Price $709,032 (down 1%), Average sale 98% of original asking price

Attached Homes (condos, town homes) Sold
27 (down 32%), 26 Days on Market, Average Sales Price $414,001 (down 7%), Average sale 98% of original asking price

 

Overall sales volume in November dropped substantially compared to last month, and for both detached and attached home sales. The average sales price dropped slightly for detached single family homes but moderately so for attached homes. The average time on the market was higher by several days for detached homes but dropped below 1 month for attached homes.

 

14% of the transactions were for cash, about the same as last month. While buyers negotiated sales prices on average by 2% off original price, 36% of San Marcos home buyers paid full price or more for their new homes, a good indicator of competition and multiple offers! The median sales price of detached homes was $674,950 (up 4%) and $410,000 (down 2%) for attached homes/condos/townhomes.

 

There were 6 San Marcos homes for sale at the end of November with a Contingent status, versus 5 last month. All 6 are first right of refusals. These homes are included in the overall Active statistics. 

 

Homes In San Elijo Hills in San Marcos                                                                                                                                                                                       

 

The San Marcos real estate market inventory decreased, again, by 31% from October to 145 listings, the 4th consecutive decline in inventory. This represents an inventory of only 1.4 months for attached homes (up from 1.3 months last month) and 1.5 months for detached single family homes (down from 1.7 months last month) based on the current rate of sales over the last 3 months. The San Marcos real estate market remains a very strong seller’s market, based on the buyer demand and current inventory.

 

In November 2019 we saw 75 homes come on the market, 26% fewer than last month. The number of homes going pending in November also decreased, modestly, by 5%, to 80 pendings (excluding homes that sold in November).

 

This overview of the San Marcos real estate market is based on information provided by the MLS for homes that went under contract in the last month of so and closed in November. I can provide more details regarding current activity, within the specific zip codes of San Marcos (92078 and 92069), or on certain neighborhoods of interest including San Elijo Hills, Twin Oaks, Lake San Marcos, or Santa Fe Hills.

 

Please call me at (760) 840-1360 so we can discuss your specific housing needs and budget, and any questions you have so we can make a plan to get you into a new home in San Marcos soon.

 

And if you are considering selling your home in San Marcos, let’s get together so we can review the current market conditions, do a market and equity analysis, then discuss a strategy to make your sale happen quickly and for top dollar.

 

SEARCH FOR SAN MARCOS HOMES FOR SALE

 

READ MORE:

What’s My San Marcos Home Worth? San Marcos Real Estate Market Report October 2019

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase or sale, please contact my mobile office or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

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Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

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Comment balloon 3 commentsJeff Dowler, CRS • December 14 2019 03:23PM
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