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.
In June 2009 there were 107 homes sold in San Marcos' 2 zip codes (92069 and 92078), a 34% increase over May sales. Here's the breakdown of overall activity.
|
|
TOTAL
|
DETACHED
|
ATTACHED
|
|
# Sold
|
107 (up 34%)
|
74 (up 21%)
|
33 (up 74%)
|
|
Ave. $
|
$360,213 (up 5%)
|
$432,487 (up 7%)
|
$230,571 (up 21%)
|
|
DOM
|
52
|
45
|
69
|
|
List $/Sale $
|
98%
|
98%
|
97%
|
Sale volume jumped dramatically in June over the May numbers. In addition, the average sales price of both detached and attached homes rose significantly. The average time on market remained about the same, with a drop for detached homes.
There were 157 homes (113 detached and 44 attached) homes on the market at the end of June with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained.
At the end of June 2009 there were 345 San Marcos homes for sale (46% are contingent), an increase of 8% in total inventory from May, 17% less than at the beginning of 2009. This represents an inventory of 4.2 months for attached homes (as compared to 3.5 for May) and only 3.5 months for detached (compared to 2.5 months for May) based on the current rate of sales over the last 6 months. The market, then, remains competitive for buyers and properties are staying on the market for less time, along with the decline in inventory.
In June we saw 127 homes come on the market, more than double the number of homes that came on the market in May. During June 90 homes went pending, an increase of 8% over the number of pendings in May.
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 Carlsbad.
READ MORE:
San Marcos Real Estate Market Report for May 2009
San Marcos Real Estate Market Report for March and April 2009
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If I can provide more information about San Marcos 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 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 in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact me by phone or text at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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Jeff as usual a very nice job putting together the market statistics for San Marcos!