San Marcos Real Estate Market Report for July 2010

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 the local market conditions benefits you as the buyer or seller when making decisions about buying and selling. 

In July 2010 there were 91 homes sold in San Marcos' 2 zip codes (92069 and 92078), down 12% from last month. Here's the breakdown of overall activity.

There were 169 homes on the market at the end of July with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, 13 less than 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 July 2010 the San Marcos real estate market had 478 homes for sale (35% are contingent), 6% more than in June, another monthly increase. This represents an inventory of 5.3 months for attached homes (down from 5.5 months in June) and 4.7 months for detached (up from 4.6 months at the end of June) based on the current rate of sales over the last 6 months.

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In July we saw 146 homes come on the market, about 7% more than last month. The number of homes going pending in July (98) rose substantially, by 28% over the number of pendings last month. 

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 July. 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 Homes for Sale - San Marcos Real Estate Market Report for June 2010

San Marcos Real Estate - San Marcos Real Estate Market Report for May 2010

San Marcos Real Estate - San Marcos Real Estate Market Report for April 2010

San Marcos Real Estate - San Marcos Real Estate Market Report for March 2010

San Marcos Real Estate - San Marcos Real Estate Market Report for February 2010

San Marcos Real Estate - San Marcos Real Estate Market Report for January 2010