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

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

San Marcos Real Estate Market Report for December 2010

San Marcos Real Estate Market Report for December 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. 

READ MORE: San Marcos - A Thriving Inland Residential Community 

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Lake San Marcos - Resort and Residential Community in San Marcos, CA 

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 December 2010 there were 114 homes sold in San Marcos' 2 zip codes (92069 and 92078). Here's the breakdown of overall activity. 

 

TOTAL

DETACHED

ATTACHED

# Sold

114

75

39

Ave. $

$347,366   

$413,302    

$230,885   

DOM

92

93

90

List $/Sale $

99%

99%

100%

 

Sale volume rose dramatically across the board, while average prices declined modestly. 

There were 116 San Marcos homes for sale at the end of December with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders, 9% less than last month (another decline). These homes are included in the overall Active stats since they are still considered active until the approvals are obtained. 

At the end of December 2010 the San Marcos real estate market had 438 homes for sale (26% are contingent), 2% less than in November. This represents an inventory of 5 months for attached homes (down from 5.1 months) and 4.6 months for detached (down from 4.9 months at the end of November) based on the current rate of sales over the last 6 months. 

READ MORE:   How Important is Inventory when Buying or Selling? Very!! 

In December we saw 100 homes come on the market, 3% more than last month. The number of homes going pending in December (25) was substantially less, by 73%, than 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 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 Homes for Sale | San Marcos Real Estate Market Report for November 2010

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

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

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Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

These warm & inviting pictures to your market reports are great Jeff...looks like it's slowly improving for you there.

Jan 13, 2011 09:40 AM #1
Rainmaker
1,342,385
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jeff - Great market report for San Marcos homes for sale, your area list to sales price ratio is great.

Jan 13, 2011 10:52 AM #2
Rainmaker
1,956,673
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Jeff

Great market report for San Markos. Look forward to our next talk.

Jan 13, 2011 01:20 PM #3
Rainer
321,603
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Jeff - great report ... but don't you have any pictures of winter in San Diego?  Oh, these are them!

Jan 13, 2011 03:57 PM #4
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