San Marcos Homes for Sale | San Marcos Real Estate Market Report for October 2010

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

San Marcos Real Estate Market Report for October 2010

 San Marcos Real Estate Market Report for October 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 local market conditions benefits you as the buyer or seller when making decisions about buying and selling. 

In October 2010 there were 92 homes sold in San Marcos' 2 zip codes (92069 and 92078), 15% more than last month. Here's the breakdown of overall activity. 

 

TOTAL

DETACHED

ATTACHED

# Sold

92 (up 15%)

58 (up 7%)

29 (down 10%)

Ave. $

$396,431 (up 12%)

$465,549 (up 10%)

$253,065 (up 22%)

DOM

77

66

100

List $/Sale $

97%

97%

100%

 

There were 134 homes on the market at the end of October with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders,4% 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 October 2010 the San Marcos real estate market had 490 homes for sale (27% are contingent), only 1% more than in September, another small monthly increase. This represents an inventory of 5.2 months for attached homes (the same as last month) and 4.7 months for detached (up from 4.6 months at the end of September) based on the current rate of sales over the last 6 months.

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In October we saw 133 homes come on the market, the same as last month. The number of homes going pending in October (86) increased by 12% 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 October. 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 September 2010

San Marcos Homes for Sale | San Marcos Real Estate Market Report for August 2010

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

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

Comments (1)

Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Jeff, I like the way you provide a link to previous reports so they can access all the information right here. Nicely done.

Nov 10, 2010 10:52 AM