San Marcos Real Estate Market Report for September 2011
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 tend to speak in general terms, rather than local, so their information will not likely represent the reality of our local San Marcos real estate market. Having data from a knowledgeable agent about local market conditions benefits you as the buyer or seller when making decisions about buying and selling.
In September 2011 there were 83 homes sold in San Marcos’ 2 zip codes (92069 and 92078), down 19% from last month. Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
83 (down 19%) |
58 (down 18%) |
25 (down 19%) |
|
Ave. $ |
$353,617 (up 1%) |
$405,868 (up 1%) |
$235,714 (down 1%) |
|
DOM |
79 |
73 |
95 |
|
List $/Sale $ |
98% |
98% |
98% |
Sales volume declined fairly significantly overall, while average sales prices remained about the same as last month.
There were 138 San Marcos homes for sale at the end of September with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, the same as 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 September 2011 the San Marcos real estate market had 448 homes for sale (31% are contingent), a 2% decrease in inventory from August. This represents an inventory of 3.8 months for attached homes (down from 4.3 months) and 4.5 months for detached (the same as in August) based on the current rate of sales over the last 6 months. The San Marcos real estate market remains highly competitive for buyers, with the lowest absorption rates for the North San Diego County coastal communities!
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In September 2011 we saw 138 homes come on the market, 5% more than last month. The number of homes going pending in September (98) saw an increase of 21%, from August 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 September. 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).
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READ MORE:
San Marcos Homes for Sale | San Marcos Real Estate Market Report for August 2011
San Marcos Homes for Sale | San Marcos Real Estate Market Report for July 2011
San Marcos Homes for Sale | San Marcos Real Estate Market Report for June 2011
San Marcos Homes for Sale | San Marcos Real Estate Market Report for May 2011
San Marcos Homes for Sale | San Marcos Real Estate Market Report for April 2011
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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 - Wow, check out that absorption rate. My buyer clients are often surprised that a lot of the neighborhoods in Wellington are a sellers market.
Jeff-Looks like those being sold are priced right. 98% of list price is right on the money.
Market reports are one thing that all of our clients really love to see, Jeff! Great post!