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.
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 November 2009 there were 72 homes sold in San Marcos' 2 zip codes (92069 and 92078), down 33% from the prior month. Here's the breakdown of overall activity.
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TOTAL
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DETACHED
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ATTACHED
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# Sold
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72 (down 33%)
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45 (down 42%)
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27 (down 10%)
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Ave. $
|
$355,006 (down 6%)
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$412,615 (down 7%)
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$258,990 (up 21%)
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|
DOM
|
60
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44
|
86
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|
List $/Sale $
|
99%
|
100% (91-110%)
|
99% (90-109%)
|
There were 175 homes on the market at the end of November with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, 4% more than in October. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained.
At the end of November 2009 the San Marcos real estate market had 338 homes for sale (52% are contingent), just 3 less than last month. This represents an inventory of 3.9 months for attached homes (down from 4.1 in October)) and 3.1 months for detached (a slight increase from 3 months at the end of October) based on the current rate of sales over the last 6 months.
In November we saw 61 homes come on the market, a significant decrease of 42% from October (the 4th month of declines in new listings). The number of homes going pending rose slightly from October, from 78 to 79. Thus the San Marcos real estate market is not getting less competitive for buyer, and is a sellers market for the inventory priced under $400K which is a good portion of their housing market.
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 San Marcos (92078 and 92069).
READ MORE:
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 © 2009 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 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 - Now here is a place I don't know! Your market reports make it easy for me to get an idea of the market. Nice work!