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. 

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

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. 

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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).

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

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