San Marcos Homes for Sale | San Marcos Real Estate Market Report for March 2011

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

San Marcos Real Estate Market Report for March 2011 

San Marcos Homes for Sale - Homes for Sale in San Marcos

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 March 2011 there were 74 homes sold in San Marcos' 2 zip codes (92069 and 92078), 6% more than last month. Here's the breakdown of overall activity. 

 

TOTAL

DETACHED

ATTACHED

# Sold

74 (down 4%)

54 (up 15%)

20 (down 33%)

Ave. $

$364,344 (up 4%)

$421,782 (down 4%)

$197,795 (no change)

DOM

89

100

72

List $/Sale $

99%

97%

101%

Sales volume rose for detached homes but declined for attached. 

There were 152 San Marcos homes for sale at the end of March with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained. 

At the end of March 2011 the San Marcos real estate market had 475 homes for sale (32% are contingent), a 9% increase in inventory over February. This represents an inventory of 5.8 months for attached homes (up from 5.1 months) and 5.7 months for detached (up from 5.2 months at the end of February) based on the current rate of sales over the last 6 months. 

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

In March 2011 we saw 174 homes come on the market, 61% more than last month. The number of homes going pending in March (113) was also up significantly, by 32% over February. 

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 March. 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).

Search for San Marcos Homes for Sale

READ MORE:

San Marcos Homes for Sale | San Marcos Real Estate Market Report for February 2011

San Marcos Homes for Sale | San Marcos Real Estate Market Report for January 2011

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

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

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Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Jeff .. Thanks for the update on San Marcos. The more blog posts and the flavor and market you serve shines through. Great imagery all the time.

Apr 08, 2011 09:25 AM #1
Rainmaker
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Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Hi Jeff: Thanks for sharing! Now I must do my area!

Apr 08, 2011 03:45 PM #2
Rainmaker
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Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Jeff

What a great area San Marcos looks like; how is the market now as opposed to a year ago?

Apr 09, 2011 02:50 PM #3
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