San Marcos Real Estate Market Report for June 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.
READ MORE: San Marcos - A Thriving Inland Residential Community
San Elijo Hills - Award-Winning Master Planned Community in San Marcos
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 the local market conditions benefits you as the buyer or seller when making decisions about buying and selling.
In June 2010 there were 103 homes sold in San Marcos' 2 zip codes (92069 and 92078), down 15% from last month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
103 (down 15%) |
70 (down 17%) |
33 (down 11%) |
|
Ave. $
|
$381,352 (up 3%) |
$441,971 (no change) |
$252,767 (up 13%) |
|
DOM
|
58 |
52 |
70 |
|
List $/Sale $
|
99% |
99% |
98% |
There were 181 homes on the market at the end of June with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, 14 more than last month. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained.
At the end of June 2010 the San Marcos real estate market had 450 homes for sale (40% are contingent), 8% more than in May, another monthly increase. This represents an inventory of 5.5 months for attached homes (up from 5 months in May) and 4.6 months for detached (up from 4.3 months at the end of May) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In June we saw 136 homes come on the market, about the same as last month. The number of homes going pending in June (75) declined, by 12% over the number of pendings last month.
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).
READ MORE:
San Marcos Real Estate - San Marcos Real Estate Market Report for May 2010
San Marcos Real Estate - San Marcos Real Estate Market Report for April 2010
San Marcos Real Estate - San Marcos Real Estate Market Report for March 2010
San Marcos Real Estate - San Marcos Real Estate Market Report for February 2010
San Marcos Real Estate - San Marcos Real Estate Market Report for January 2010
San Marcos Real Estate - San Marcos Real Estate Market Report for December 2009
San Marcos Real Estate - San Marcos Real Estate Market Report for November 2009
San Marcos Real Estate - San Marcos Real Estate Market Report for October 2009
San Marcos Real Estate Market Report for September 2009
San Marcos Real Estate Market Report for August 2009
San Marcos Real Estate Market Report for July 2009
San Marcos Real Estate Market Report for June 2009
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If I can provide more information about Carlsbad real estate and surrounding areas, the housing market, or otherwise assist you, friends or family in a home search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
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There are a ton of restaurants in San Marcos, and Love Boat Sushi is well worth a visit, plus they offer other dishes on their 




San Elijo Hills is an award winning master planned community high on the hills of North San Diego County.
Multiple builders created a series of villages, each with a different feel, style of home, size, price range and view. Many are within walking distance of the downtown area which lends itself to the walkability and appeal of the San Elijo Hills village center, a reminder of small towns gone by.
Housing values for San Elijo homes for sale have shifted substantially in the last 4-5 years and now are more affordable than ever. Buyers in the San Marcos real estate market should always consult a knowledgeable agent to check on current market conditions, but here's the scoop as of late March 2010:
There are also a few new construction homes not included here, including homes at Venzano and 










