Just around the corner from our home lies the community of Lake San Marcos. Only laying claim to slightly over 1.8 square miles, Lake San Marcos consist of a high number of high density multi-family structures in the form of condos, townhomes and villas. Predominantly single family homes enjoy the lakeside placement, whereas the condos are landside. Many are placed along the shores of Lake San Marcos, which is a .1 square mile irregularly shaped man-made lake.
Recently, a new condo complex of Seaglass is under construction and is nearly completed by D.R. Horton with condos starting in the low $300s and peaking at over $400, 000. On our last visit there, nearly all the homes were under contract, however, if you are interested, let us know and we would be pleased to represent you and check on any available units that may be left.
Very convenient to all the shopping services and restaurants you should ever desire right in the San Marcos Area, there is an Albertsons Grocery store within a 2 minute drive away. There are plenty of employment opportunities in the area, as well, with companies like Legoland in nearby Carlsbad, and a plethora of engineering firms nearby. Then there are the leisure opportunities found right at lake San Marcos. The Lakehouse Hotel & Resort , and St. Mark Golf Course are within mere footsteps away from your front door when you live at Lake San Marcos.
The sales data reviewed was provided by the Sandicor MLS and the periods compared were sales on August 2013 versus August 2014. Here is what we found:
· The median sales price of SFR properties for 8-2013 was $379,000 vs. $352,000 on 8-2014. The negative trend may be attributed to a higher number of affordable new homes from the Seaglass Development.
- · The percentage of the List Price captured in 8-2013 was 97.0% vs. 98.2% for 8-2014.
- · The average price per square foot for sold homes was $247.00 in 8-2013 vs. $260.00 for 8-2014.
- · The number of months’ inventory available for sale in 8-2013 was 2.0 vs. 4.6 for 8-2014.
- The number of Active listings at 8 for 8-2013 vs. 24 for 8-2014.
The numbers indicate a strong correlation to supply and demand. With more units on the market, prices can and it appears, did suffer. The fact that the months of inventory has doubled also indicates a level of market fatigue with available inventory based on the absorption rate.
What does this all mean for you, the buyer?
The time is right to make a move and get a home under contract in Lake San Marcos. Prices are down, inventories up. Seller reluctance to negotiate a price should all, but disappear and the savvy sellers motivated to sell with work with negotiated terms and prices.
Are you ready to make the move to Lake San Marcos? We can help; Give us a call today to discuss your needs. We will not rest, until we find the right home for YOU!
