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
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 when making decisions about buying and selling.
In December 2009 there were 102 homes sold in San Marcos' 2 zip codes (92069 and 92078). Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
102 (up 42%) |
71 (58%) |
31 (up 15%) |
|
Ave. $
|
$376,444 (up 6%) |
$449,470 (up 9%) |
$209,190 (down 19%) |
|
DOM
|
55 |
56 |
53 |
|
List $/Sale $
|
99% |
100% |
99% |
There was a significant increase in volume of homes that closed escrow in December. Average prices also went up for detached homes.
There were 167 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 5% from 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 December 2009 the San Marcos real estate market had 320 homes for sale (52% are contingent), down 5% from November. This represents an inventory of 3.6 months for attached homes (down from 3.9 in November)) and 2.9 months for detached (a slight decline from 3.1 months at the end of November) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In December we saw 87 homes come on the market, a significant increase of 43% over the number in November (following 5 months of declining inventory). The number of homes going pending in December (87) also increased, by 10% over the rate in November. Thus the San Marcos real estate market remains very competitive for buyers, but homes have been selling at a fairly good clip, too.
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 - 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
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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Hi Jeff, stats are what they are but your analysis is excellent. I am believing we will see these sorts of stats moving around through many areas and not necessarily consistent over the span of months in any one area. As we get through the next surge of distressed properties , am then thinking we start to see a more consistent trend through man markets. At the end of April through ( June 30) forward from there will be very telling
Hi Jeff,
Looks like positive numbers for San Marcos real estate. Btw, that's a great photo of the fountain.