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Market Data for JANUARY and FEBRUARY 2007 - San Marcos, CA

Here are the summary market statistics from the MLS for January and February 2007 for San Marcos.

It's important to note that firm conclusions about San Marcos real estate should not be drawn from these data, since we are looking at a limited sample of homes for sale (31 days in January, and 59 days at the end of February). The inventory in San Marcos is essentially the same for both January and February, which represents a drop of 37% from the peak inventory we saw in August 2006.

We are still seeing some shifts in the median price from month to month, likely due to correction that is still going on as well as the changes in the inventory of homes for sale. The prices have dropped a bit for attached homes from the level we saw a year ago, but the median has remained pretty much the same for detached homes.

The next few months will be helpful in gaining a better idea of where the housing market is headed in San Marcos.

[photo is of Lake San Marcos, in the resort/neighborhood of the same name, on the western end of town bordering Carlsbad]

*AS OF JAN. 2007*	*ATTACHED HOMES*	*DETACHED HOMES*
Active (homes for sale)	154	344
New on market in January	52	116
Sold in Last 6 Months	94	306
Sold/Pending In Last 6 months	118	408
Absorption Rate (Solds)	295 days	202 days
Absorption Rate (Solds Plus Pendings)	235 days	152 days
Average Days on Market	77	97
Median Price Change From 1 Year Ago	-4%	0%
Median Price	$364,995	$601,000
% Chng. In MDN from prior month	-7%	3%
Average Price	$393,398	$613,007

*AS OF FEB. 2007*	*ATTACHED HOMES*	*DETACHED HOMES*
Active (homes for sale)	157	344
New on market in February	47	118
Sold in Last 6 Months	99	308
Sold/Pending In Last 6 months	133	417
Absorption Rate (Solds)	285 days	201 days
Absorption Rate (Solds Plus Pendings)	212 days	148 days
Average Days on Market	84	93
Median Price Change From 1 Year Ago	-7%	-1%
Median Price	$372,495	$595,000
% Chng. In MDN from prior month	0%	-1%
Average Price	$364,104	$600,016

As an San Marcos REALTOR, if I can provide more information or answer any questions about the San Marcos housing market, or other surrounding communities (e.g., Encinitas, Del Mar, Solana Beach, Carlsbad/La Costa, Cardiff), please email me at jdowler@remax.net or call my cell (760) 840-1360.

If you are a first time buyer, check out First Time Buyer Central for information on the buying process and everything you need to know as a buyer. And if you are relocating, Relocation A to Z is a great resource.

Here are some other articles that may be of interest to you:

COMMUNITY ARTICLES BY JEFF DOWLER