What’s my San Marcos Home Worth? San Marcos Home Sales September 2019

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

What’s the Value of my San Marcos Home?

San Marcos Market Report for September 2019

 

San Elijo Hills town center in San MarcosThe 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 September 2019 there were 88 homes sold in San Marcos’ 2 zip codes (92069 and 92078), a substantial 33% decrease from last month. Here’s the breakdown of overall activity.

 

Detached Homes Sold
57 (down 34%), 30 Days on Market, Average Sales Price $763,154 (up 6%), Average sale 98% of original asking price

Attached Homes (condos, town homes) Sold
31 (down 31%), 30 Days on Market, Average Sales Price $419,274 (down 1%), Average sale 97% of original asking price

 

Overall sales volume in September decreased substantially compared to last month, and for both detached and attached home sales. The average sales price went up for detached single family homes but declined slightly for attached homes as it did last month. The average time on the market dropped by several days for both detached and attached homes.

 

17% of the transactions were for cash, versus 9% last month. While buyers negotiated sales prices on average by 2 - 3% off original price, 33% of San Marcos home buyers paid full price or more for their new homes, a good indicator of competition and multiple offers! The median sales price of detached homes was $700,000 (up 2%) and $434,000 (up 2%) for attached homes/condos/townhomes.

 

There were 10 San Marcos homes for sale at the end of September with a Contingent status, versus 8 last month. 1 is a short sale, 1 is an REO, and the other 8 are first right of refusals. These homes are included in the overall active statistics.   

 

San Elijo Hills homes in San Marcos                                                                                                                                                                                    

 

The San Marcos real estate market inventory decreased, again, by 3% from August to 210 listings, the second consecutive decline in inventory following 3 months of increases. This represents an inventory of only 1.5 months for attached homes (the same as last month) and 2 months for detached single family homes (up from 1.9 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, based on the buyer demand and current inventory.

 

In September 2019 we saw 134 homes come on the market, 4% fewer than last month. The number of homes going pending in September also decreased, by 20%, to 88 pendings (excluding homes that sold in September).

 

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 or so and closed in September. 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 soon.

 

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 August 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 ca
condos for sale in san marcos
new homes for sale in san marcos
homes with views for sale in san marcos
san marcos real estate market reports

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
796,462
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Sounds like the San Marcos real estate market is a challenging market for buyers to get what they want and they will be well advised to have Jeff Dowler, CRS representing them through the process.

Oct 11, 2019 01:58 PM #1
Rainmaker
1,966,779
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff Dowler, CRS - several developments that can be challenging.  Best for buyers and sellers to stay connected to you to understand what the shift means to them.

Oct 12, 2019 04:18 AM #2
Rainmaker
3,337,184
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Your market contiues to amaze me! Then again, it is California! Enjoy your day!

Oct 12, 2019 06:00 AM #3
Ambassador
4,046,608
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Nick Vandekar, 610-203-4543  Yes, the inventory, and competition, remain challenges for buyers in San Marcos.

Jeff

Oct 13, 2019 09:59 AM #4
Ambassador
4,046,608
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the kind words Grant Schneider 

So true Wayne Martin !

Jeff

Oct 13, 2019 10:00 AM #5
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
4,046,608

Jeff Dowler, CRS

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

Additional Information