Buyers in the San Marcos real estate market are facing a market that is quite different than at the beginning of the year.
The inventory is down (only about 3 - 4 months worth for both detached and attached homes) and a lot of competition.
Those buyers seeking new home construction in San Marcos and who are looking for a village feel, with a short distance to a number of amenities including shopping should consider thenew homes at Marketwalk in the San Elijo Hills master planned community in San Marcos.
San Elijo Hills is an award winning master planned community built on the hills of south San Marcos and is designed as a resident-friendly community with a vision back to the villages of the past that were popular for their town centers and community activities.
READ MORE: San Elijo Hills - Award Winning Master Planned Community in San Marcos California
Take a VIDEO TOUR of the San Elijo Hills Town Center.
Marketwalk is a series of 12 townhomes in the heart of the San Elijo Hills downtown area, around the corner from the Albertsons' Grocery Store (with Savon Pharmacy). These homes with 4 floor plans (in Italian, Colonial or Loft styles and finishes), are built above the retail establishments on the first floor along the main street with views of the park to the west.
These new construction homes are built on 2 levels, with separate garage parking (2 spaces). The floor plans are:
- Plan 1 - 1200 SF with 2 BRs and 2.5 baths
- Plan 2 - 1647 SF with 3 BRs (or 2 with office) and 3 baths
- Plan 3 - 1824 SF with 3 BRs and 3 baths
- Plan 4 - 2712 - 2734 SF with 3 BRs and 3.5 baths. There is 1 Plan 4 unit that has an optional ground floor that can be use for retail (could be leased)
Current prices range from $385,000 - $714,000; 3 units are now reserved.
HOA fees are $337 to $410/month depending on the plan. There are Mello Roos fees of $50/month.
The local community has two schools, a media center, auditorium, an 18-mile trail network, a 19 acre park (with ball field) with retail growing.
The new homes in Marketwalk in San Elijo Hills in San Marcos, CA offer a terrific opportunity for those buyers seeking an in-town home without a yard to care for in a planned community that continues to grow yet remains focused on its residents.
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Mark, how do you get so much stuff on your post?! Great photos, great video and great text!
Lovely. I'd love to see the interiors of new homes for sale.
This is a good example of local information for local home buyers.
Jeff it is great to hear that the inventory levels have dropped significantly. A very good sign that the market is headed in the right direction.
Jeff:
Good post, the only thing that concerns me about San Elijo Hills, is the tax base, many times when I have had clients interested in this area, the tax base, s c a r e s them and all the other fees that are part of the community.
Looks like a good sign. Let's hope it keeps up!
Patricia /Seacoast NH
Our inventory has dropped; however a big part of the drop is merely that homeowner's have pulled their homes off the market for a while.
Anthony - Thanks for the compliment. The answer is I work at it, pure and simple. The more I know the better for clients and prospects.
Lenn - agreed. There is a lot of interest in this community. The models at least show people the possibilities and get them excited.
Bill - I am happy to see the changes but I am waiting for the future. Alot depends on the shadow inventory, interest rates, and buyer confidence. The lower end is very tough for buyers right now and now getting better.
Lorraine and Loretta - that is so true. I have had the same experience. Mello Roos are tough in a number of communities in Carlsbad too, but San Elijo Hills seems to be higher than anything in the nearby area. On the other hand taxes are higher in a number of other states, surprisingly.
Susie - there are still a lot of move-up sellers who are waiting.
Jeff
Patricia - time will tell. There are reasons to be encrouage but at the same time some unknowns.
Jeff
Jeff - I have to admit that I know nothing about San Marcos except that I have an old high school girlfriend that lives there somewhere. I will check it out in a few weeks. Looks really nice.
Jeff - Welcome back from vacation... Great Localism job here. Nice video and presentation.... Looks like your market is rebounding a bit... Good news...
Jeff; This is a pretty impressive post with the video and all. I drive from RSF Rd. to San Elijo to Twin Oaks everyday, and am thrilled about the shops opening up there. The condos look awesome, too!
Nevin - San Marcos offers a pretty diverse housing market, with San Elijo Hills being the newest and largest planned community.
Thanks, Bob - I appreciate the compliment. There certainly are some segments of the market that have improved - hope the trend continues. There is a lot more new housing being built, and selling, in Carlsbad as well as in San Marcos.
Melissa - I love that drive, especialyl on a clear days since the views are awesome. I know that residents are glad to see the downtown area finally growing.
Jeff