Carlsbad Real Estate News and Views: What’s my San Marcos Home Worth? San Marcos Home Sales September 2019

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s my San Marcos Home Worth? San Marcos Home Sales September 2019

What’s the Value of my San Marcos Home?

San Marcos Market Report for September 2019

 

San Elijo Hills town center in San MarcosThe 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.

 

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In September 2019 there were 132 homes sold in San Marcos’ 2 zip codes (92069 and 92078), a substantial 33% decrease from last month. Here’s the breakdown of overall activity.

Detached Homes Sold
57 (down 34%), 30 Days on Market, Average Sales Price $763,154 (up 6%), Average sale 98% of original asking price

Attached Homes (condos, town homes) Sold
31 (down 31%), 30 Days on Market, Average Sales Price $419,274 (down 1%), Average sale 97% of original asking price

 

Overall sales volume in September decreased substantially compared to last month, and for both detached and attached home sales. The average sales price went up for detached single family homes but declined slightly for attached homes as it did last month. The average time on the market dropped by several days for both detached and attached homes.

 

17% of the transactions were for cash, versus 9% last month. While buyers negotiated sales prices on average by 2 - 3% off original price, 33% 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 $700,000 (up 2%) and $434,000 (up 2%) for attached homes/condos/townhomes.

 

There were 10 San Marcos homes for sale at the end of September with a Contingent status, versus 8 last month. 1 is a short sale, 1 is an REO, and the other 8 are first right of refusals. These homes are included in the overall active statistics.   

 

San Elijo Hills homes in San Marcos                                                                                                                                                                                    

 

The San Marcos real estate market inventory decreased, again, by 3% from August to 210 listings, the second consecutive decline in inventory following 3 months of increases. This represents an inventory of only 1.5 months for attached homes (the same as last month) and 2 months for detached single family homes (up from 1.9 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 September 2019 we saw 139 homes come on the market, 115 fewer than last month. The number of homes going pending in September also decreased, by 20%, to 88 pendings (excluding homes that sold in September).

 

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 or so and closed in September. 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 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.

 

SEARCH FOR SAN MARCOS HOMES FOR SALE

 

READ MORE:

What’s My San Marcos Home Worth? San Marcos Real Estate Market Report August 2019

 

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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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Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

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Comment balloon 5 commentsJeff Dowler, CRS • October 11 2019 08:07PM

Comments

Sounds like the San Marcos real estate market is a challenging market for buyers to get what they want and they will be well advised to have Jeff Dowler, CRS representing them through the process.

Posted by Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line (Long & Foster Real Estate Inc 610-225-7400) 9 days ago

Good morning Jeff Dowler, CRS - several developments that can be challenging.  Best for buyers and sellers to stay connected to you to understand what the shift means to them.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 8 days ago

Good morning Jeff. Your market contiues to amaze me! Then again, it is California! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 8 days ago

Hi Nick Vandekar, 610-203-4543  Yes, the inventory, and competition, remain challenges for buyers in San Marcos.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 7 days ago

Thanks for the kind words Grant Schneider 

So true Wayne Martin !

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 7 days ago

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