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.
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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 February 2010 there were 68 homes sold in San Marcos' 2 zip codes (92069 and 92078). Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
66 (down 15%) |
50 (down 14%) |
16 (down 20%) |
|
Ave. $
|
$379,032 (up 7%) |
$410,462 (down 5%) |
$280,812 (up 43%) |
|
DOM
|
70 |
75 |
54 |
|
List $/Sale $
|
99% |
98% |
100% |
There were 177 homes on the market at the end of February with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, down 1 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 February 2010 the San Marcos real estate market had 369 homes for sale (48% are contingent), 9% more than in January, another increase. This represents an inventory of 4.6 months for attached homes (up from 3.7 in January)) and 3.8 months for detached (up from 3.4 months at the end of January) based on the current rate of sales over the last 6 months. Days on market rose across across the board, on average by about 10 days.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In February we saw 141 homes come on the market, a significant increase of 48% over the number in January. The number of homes going pending in February (107) rose by 55% over the rate in January. Thus the San Marcos real estate market remains very competitive for buyers, and homes continue to sell fairly briskly. The good news is that the number of homes available to buyers increased significantly.
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 February. 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 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
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 © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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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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Hi Jeff,
Allot of good data... Are sellers leaving San Marcos ?
Or are they downsizing?