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.
Media reports speak in general terms, rather than local, so that information may not 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.
In July 2009 there were 87 homes sold in San Marcos' 2 zip codes (92069 and 92078), a 19% decrease over June sales. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
87 (down 19%) |
67 (down 9%) |
20 (down 39%) |
|
Ave. $
|
$411,381 (up 14%) |
$468,003 (up 8%) |
$221,700 (down 4%) |
|
DOM
|
53 |
52 |
57 |
|
List $/Sale $
|
98% |
98% |
99% |
Sale volume declined in July over the June numbers. However the overall average sales price rose, as did the average price of a detached home sold in July over the prior month. The days on market remained under 2 months.
There were 172 homes (118 detached and 54 attached) homes on the market at the end of July with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders. THis is an increase of 17% over last month, indicating more of the short sale sna REO homes are getting offers. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained.
At the end of July 2009 the San Marcos real estate market had 371 homes for sale (46% are contingent), an increase of 8% in total inventory from June. This represents an inventory of 4.5 months for attached homes (just slightly more than in June) and only 3.5 months for detached (the same as June) based on the current rate of sales over the last 6 months. The San Marcos real estate market, then, remains competitive for buyers and properties are staying on the market for less time, along with the decline in inventory.
In July we saw 86 homes come on the market, down 32% from June but still more than May numbers. During July 108 homes went pending, an increase of 20% over the number of pendings in June, which had also increased over the May pendings.
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 December. 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).
********************************
If I can provide more information about San Marcos real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
**************************************
ALL ABOUT THE CALIFORNIA RELOCATION DUDE
If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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, Carmel Valley, Escondido, and San Diego
Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News
All content ©Copyright by Jeff Dowler. All rights reserved.
Jeff ... Thanks for this San Marcos, CA, local housing market report. Less than 60 days on market for solds is good. Looks like 46% of active listings are contingent (short listings), which is consistent with many areas here in Orange County.
What has kept our sold numbers at Orange County up is the demand by investors and first time buyers for the REO properties.
Jeff, thanks for the report. In our market, we are also experiencing an increase in first time buyers taking action but we have a fair number of homeowners who are moving up or down sizing as well.
Jeff, some positive things in the market report, but a 19% decease in sales is never good. Hope it turns around next month.
Looks like your market is improving we are seeing signs of it here also. Nice report.