What’s my San Marcos Home Worth? San Marcos Market Report March 2019

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my San Marcos Home?

San Marcos Home Sales Report for March 2019

 

San Elijo HIlls town centerThe San Marcos real estate market continues to shift. These data do not include private sales or manufactured housing; the data are derived from the MLS and are believed to be accurate at the time this report was published, but are not guaranteed.

 

Having details about up-to-date local market conditions benefits you as a buyer or seller so you can make informed decisions about buying and selling San Marcos homes for sale.

 

READ MORE:

San Marcos - A Thriving Inland Residential Community

San Elijo Hills – Award-Winning Master Planned Community in San Marcos

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

 

In March 2019 there were 112 homes sold in San Marcos’ 2 zip codes (92069 and 92078), a 33% increase from last month, the second increase since the beginning of the year. Here’s the breakdown of overall activity.

 

Detached Homes Sold
85 (up 44%), 38 Days on Market, Average Sales Price $771,878 (up 8%), Average sale 97% of original asking price

Attached Homes (condos, town homes) Sold
27 (up 8%), 30 Days on Market, Average Sales Price $470,962 (up 18%), Average sale 97% of original asking price

 

Overall sales volume in March increased substantially compared to last month, especially for detached single family home sales. Average sales prices rose for both detached and attached home sales. Average time on market shifted down modestly for attached properties but remained the same for detached single family homes.

 

13% of the transactions were for cash, compared to 27% last month. While buyers negotiated sales prices on average by 3% (off original price), 29% of San Marcos home buyers paid full price or more! The median sales price of detached homes was $715,000 (up 8%) and $480,000 (up 17%) for attached homes/condos/town homes.

 

There were 6 San Marcos homes for sale at the end of March with a Contingent status, compared to 3 last month. All 6 are first right of refusals based on contingent offers accepted by sellers. These homes are included in the overall Active statistics.

 

The San Marcos real estate market inventory decreased by 3% from February to 164 listings, in contrast to some other communities that saw increases. This represents an inventory of 2.1 months for attached homes (the same as last month) and 1.6 months for detached single family homes (down from 2.5 months last month) based on the current rate of sales over the last 3 months. The San Marcos real estate market remains a very strong seller’s market, especially for detached homes, given buyer demand and current supply.

 

Coronado Ranch homes in San Marco 

 

In March 2019 we saw 131 homes come on the market, substantially more than the number of new listings in February (up 22%). Similarly the number of homes going pending in March also increased, by 15%, to102 pendings (excluding homes that sold 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 month of so and closed in March. I can provide more details regarding current activity, within the specific zip codes of San Marcos (92078 and 92069), or on certain neighborhoods of interest including San Elijo Hills, Twin Oaks, Lake San Marcos, or Santa Fe Hills.

 

Please call me at (760) 840-1360 so we can discuss your specific housing needs and budget, and any questions you have so we can make a plan to get you into a new home in San Marcos when the timing is right for you.

 

And if you are considering selling your home in San Marcos, let’s get together so we can review the current market conditions, do a market and equity analysis, then discuss a strategy to make your sale happen quickly and for top dollar.

 

SEARCH FOR SAN MARCOS HOMES FOR SALE

 

READ MORE:

What’s My San Marcos Home Worth? San Marcos Real Estate Market Report February 2019

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County San Marcos
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
san marcos homes for sale
homes for sale in san marcos
san marcos real estate market reports

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,846,398
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff - another strong report for San Marcos.  Nice inland community.

Apr 15, 2019 10:06 AM #1
Rainmaker
1,581,786
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Always good to be in the know. Thank you for sharing this with us!

Apr 15, 2019 11:01 AM #2
Rainmaker
1,153,735
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

San Marcos is definitely a strong market. It still has the allure of beach property but is far enough inland to enjoy more moderate pricing yet still enjoy the cooler temps than the inland areas of CA. 

Apr 15, 2019 04:54 PM #3
Rainmaker
1,515,258
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Jeff, the San Marcos market is definitely strong and your market report shows why. Buyers need to be prepared to act quickly, particularly when looking for a detached home. As always your market reports are detailed yet very easy to understand. Great job!

Apr 16, 2019 05:38 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,914,146

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information