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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 Happened in the San Marcos Real Estate Market in June 2014?

San Marcos Homes for Sale

What Happened in the San Marcos Real Estate Market in June 2014?

 

Search for properties for sale in San Marcos CA, and San Marcos Condos and Homes for SaleThe San Marcos real estate market continues to shift. These data do not include private sales or manufactured housing; the numbers are derived from the MLS and are believed to be accurate at the time this report was published, but are not guaranteed.

 

Media reports speak in general terms, so their information does not represent the reality of our local San Marcos real estate market. Having details about local market conditions benefits you as the 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 June 201 there were 107 homes sold in San Marcos’ 2 zip codes (92069 and 92078), down 3% from May sales. Here’s the breakdown of overall activity.

 

 

TOTAL

DETACHED

ATTACHED

# Sold

107 (down 3%)

79 (up 5%)

28 (down 20%)

Ave. $

$512,762 (up 3%)

$567,408 (no change)

$358,580 (up 2%)

DOM

32

34

25

List $/Sale $

97%

98%

97%

 

Sales volume in June rose modestly from May sales for detached homes but declined fairly significantly for attached homes. Average prices did not change for detached homes but rose slightly for attached. Days on Market remained about the same across the board.

 

Homes for Sale in San Elijo Hills in San Marcos, and San Marcos new homes for sale in San Elijo HIlls CA

 

24% of the transactions were cash, the same as last month. Buyers are negotiating their asking prices on average 2 - 3%, but some homes sold for over asking price with others selling below the list price. The Median sales price of detached homes was $547,000 (up by 1%), and $381,950 (up 6%) for attached homes/condos.

 

There were 19 San Marcos homes for sale at the end of June with a Contingent status (9% of the total), i.e., homes with offers awaiting approval from the short sale and REO lenders. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained (be aware that many of these have multiple offers in place and some are not being shown nor accepting more offers).

 

The San Marcos real estate market inventory increased from May by 2% to 207. This represents an inventory of only 2.1 months for attached homes (down from 2.2 last month) and 2.2 months for detached (down from 2.4 months in May) based on the current rate of sales over the last 6 months. The San Marcos real estate market continues to be very competitive for buyers, and remains a strong seller’s market.

 

READ MORE:  

How Important is Inventory when Buying or Selling? Very!!

 

In June 2013 we saw 160 homes come on the market, an increase of 9% from last month. We also saw an increase in the number of homes going pending in June (93), up by 11%.

 

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 June. 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).

 

SEARCH FOR SANMARCOS HOMES FOR SALE

 

SEARCH FOR LAKE SAN MARCOS HOMES FOR SALE

 

READ MORE:

San Marcos Homes for Sale – What Happened in the San Marcos Real Estate Market in May 2014?

 

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2 commentsJeff Dowler CRS • July 23 2014 09:12AM
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