Here are the market statistics from the MLS for October and November 2006 for San Marcos. As in other North County communities the inventory dropped a bit from October to November. In San Marcos the absorption rate also dropped. There was a small drop off in median price in November for both attached and detached homes. Prices are fairly similar to those of 1 year ago.
Being aware of trends is helpful, but be careful to not draw any firm conclusions based on a given month, as data change from month to month.
If I can provide further market information or answer any questions, please let me know. Data are available from a number of other North County communities.
AS OF OCT. 31, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 206 | 471 |
Sold in Last 6 Months | 146 | 311 |
Sold/Pending In Last 6 months | 178 | 406 |
Absorption Rate (Solds) | 254 days | 273 days |
Absorption Rate (Solds Plus Pendings) | 208 days | 209 days |
Average Days on Market | 74 | 61 |
Median Price ChangeFrom 1 Year Ago | 1% | 0% |
Median Price | $394,500 | $592,000 |
% Chgn. In MDN from prior month | 1% | 0% |
Average Price | $381,066 | $624,692 |
AS OF NOV. 30, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 184 | 413 |
Sold in Last 6 Months | 127 | 293 |
Sold/Pending In Last 6 months | 150 | 402 |
Absorption Rate (Solds) | 261 days | 254 days |
Absorption Rate (Solds Plus Pendings) | 221 days | 185 days |
Average Days on Market | 74 | 62 |
Median Price Change From 1 Year Ago | 0% | -1% |
Median Price | $392,500 | $587,500 |
% Chgn. In MDN from prior month | -1% | -1% |
Average Price | $382,216 | $619,543 |
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