San Marcos Real Estate Market Report for November 2010
The San Marcos real estate market continues to evolve, especially with the large number of distress sales. These data do not include any private sales nor manufactured housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
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Media reports tend to speak in general terms, rather than local, so their information will not likely represent the reality of our local San Marcos real estate market. Having data from a knowledgeable agent about local market conditions benefits you as the buyer or seller when making decisions about buying and selling.
In November 2010 there were 67 homes sold in San Marcos' 2 zip codes (92069 and 92078), 27% less than last month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
67 (down 27%) |
46 (down 21%) |
21 (down 28%) |
|
Ave. $
|
$383,153 (down 3%) |
$453,614 (down 3%) |
$228,809 (down 10%) |
|
DOM
|
60 |
51 |
80 |
|
List $/Sale $
|
98% |
98% |
97% |
There were 128 homes on the market at the end of November with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, 4% less than last month (another decline). These homes are included in the overall Active stats since they are still considered active until the approvals are obtained.
At the end of November 2010 the San Marcos real estate market had 449 homes for sale (29% are contingent), 8% less than in October. This represents an inventory of 5.1 months for attached homes (down from 5.2 months) and 4.9 months for detached (up from 4.7 months at the end of October) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In November we saw 97 homes come on the market, 27% less than last month. In contrast, the number of homes going pending in November (94) increased by 9% over the number of pendings in October.
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 couple of months and closed in November. More details can be provided if needed with regard to current activity as well as within the specific zip codes of San Marcos (92078 and 92069).
READ MORE:
San Marcos Homes for Sale| San Marcos Real Estate Market Report for October 2010
San Marcos Homes for Sale | San Marcos Real Estate Market Report for September 2010
San Marcos Homes for Sale | San Marcos Real Estate Market Report for August 2010
San Marcos Homes for Sale - San Marcos Real Estate Market Report for July 2010
San Marcos Homes for Sale - San Marcos Real Estate Market Report for June 2010
San Marcos Real Estate - San Marcos Real Estate Market Report for May 2010
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