What’s the Value of my San Marcos Home?
San Marcos Home Sales for July 2019
The San Marcos real estate market continues to shift. These data do not include private sales or manufactured housing; the data are derived from the MLS and are believed to be accurate at the time this report was published, but are not guaranteed.
Having details about up-to-date local market conditions benefits you as a buyer or seller so you can make informed decisions about buying and selling San Marcos homes for sale.
In July 2019 there were 117 homes sold in San Marcos’ 2 zip codes, an 8% increase from last month. Here’s the breakdown of overall activity.
Detached Homes Sold
79 (down 11%), 27 Days on Market, Average Sales Price $717,599 (down 5%), Average sale 98% of original asking price
Attached Homes (condos, town homes) Sold
38 (up 100%), 30 Days on Market, Average Sales Price $430,790 (down 2%), Average sale 97% of original asking price
Overall sales volume in July increased compared to last month, with a decline in detached home sales, but a doubing of sales of attached single family homes. Average sales prices dropped slightly for both detached single family homes and attached homes. Average days on the market rose overall but remained at 1 month or less.
12% of the transactions were for cash, the same as last month. While buyers negotiated sales prices on average by 2 to 3% off original price, 38% of San Marcos home buyers paid full price or more for their new homes, a good indicator of competition and multiple offers! The median sales price of detached homes was $670,000 (down 7%) and $462,500 (down 4%) for attached homes/condos/town homes.
There were 9 San Marcos homes for sale at the end of July with a Contingent status, versus 10 last month. 1 is a short sale, and the other 8 are first right of refusals. These homes are included in the overall Active statistics.
The San Marcos real estate market inventory decreased by 5% from June to 227 listings following 3 months of inventory increases. This represents an inventory of 2 months for attached homes (up from 1.9 months last month) and 1.9 months for detached single family homes (down from 2.8 months last month) based on the current rate of sales over the last 3 months. The San Marcos real estate market remains a very strong seller’s market, based on the buyer demand and current inventory.
In July 2019 we saw 156 homes come on the market, the same as last month, and good news for buyers. The number of homes going pending in July decreased, by 9%, to 110 pendings (excluding homes that sold in July).
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 month of so and closed in July. I can provide more details regarding current activity, within the specific zip codes of San Marcos (92078 and 92069), or on certain neighborhoods of interest including San Elijo Hills, Twin Oaks, Lake San Marcos, or Santa Fe Hills.
Please call me at (760) 840-1360 so we can discuss your specific housing needs, lifestyle and budget, and any questions you have so we can make a plan to get you into a new home in San Marcos soon.
And if you are considering selling your home in San Marcos, let’s get together so we can review the current market conditions, do a market and equity analysis, then discuss a strategy to make your sale happen quickly and for top dollar.
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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase 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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