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 October 2009 there were 107 homes sold in San Marcos' 2 zip codes (92069 and 92078), just 1 more than in September. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
107 (no change) |
77 (up 8%) |
30 (down 14%) |
|
Ave. $
|
$378,022 (up 3%) |
$441,897 (no change) |
$214,076 (down 2%) |
|
DOM
|
58 |
50 |
79 |
|
List $/Sale $
|
98% (77-131%) |
100% (77-118%) |
94% (78-131%) |
There were 162 homes on the market at the end of October with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, down 12% from September. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained.
At the end of October 2009 the San Marcos real estate market had 342 homes for sale (47% are contingent), a modest 3% more than the end of September. This represents an inventory of 4.1 months for attached homes (up from 3.9 in September)) and 3 months for detached (a slight decline from 3.1 months at the end of September) based on the current rate of sales over the last 6 months.
In October we saw 106 homes come on the market, a decrease of 7% from September (the 4th month of declines in new listings). However the number of homes going pending went up by 7% over September. Thus the San Marcos real estate market is not getting less competitive for buyers, and is a sellers market for the inventory priced under $400K which is a good portion of the housing market.
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).
READ MORE:
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
San Marcos Real Estate Market Report for May 2009
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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 "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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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
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Jeff 107 homes sold sounds like a good month to me, and even if the increase in sales over the previous month is only 1, it is still an increase.
An interesting report and it certainly looks like this market is somewhat different than other areas in the US> Real estate truly is local.
Hi Jeff, It was certainly beneficial that we added the contingnet status for the sales that have a buyer in place while they go through the porocess of getting lender approval.