What’s the Value of my San Marcos Home?
San Marcos Home Sales for June 2021
The San Marcos real estate market continues to shift each month. These data do not include private sales, mobile homes or multi-family 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 current local market conditions benefits you as a buyer or seller so you can make educated decisions about buying and selling San Marcos homes for sale especially in this busy market.
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 June 2021 there were 123 homes sold in San Marcos’ 2 zip codes (92069 and 92078), 13% more home sales than last month, following several increases. Here’s the breakdown of overall activity.
Single Family Homes Sold
93 (up 24%); 6 Average Days on Market; Average Sales Price $1,061,500 (up 5%); Average sale 108% of original asking price
Condos, Townhomes and Duplexes Sold
30 (down by 4); 8 Average Days on Market; Average Sales Price $583,559 (up 7%); Average sale 107% of original asking price
Overall sales volume in June rose from last month, with significantly more single family home sales, but 4 fewer condo, townhome and duplex sales. The average sales price rose for single family homes, as well as for condos, townhomes, and duplexes. Sales prices ranged from $370,000 to $3,000,000.
The average days on the market (DOM) declined to less than 1 week for single family homes, and also was shorter for condos, townhomes and duplexes, at 8 days, compared to last month. Home buyers should be aware they must decide quickly about touring listings that appeal to them, and should be prepared to make offers quickly in order to not miss the limited opportunities, since the majority of homes, 73%, went pending in 7 days or less.
While some buyers were able to negotiate sales prices down from list price, 9 out of 10 buyers (93%) paid full price or more for their new homes! The median sales price of single family homes was $930,000 (up 4%), and $607,500 (5% higher) for condos, townhomes and duplexes.
There were 13 San Marcos homes for sale at the end of June with an Active Under Contract status, compared to 6 last month. These homes are included in the overall Active statistics below.
The San Marcos housing inventory remained about the same, with 74 homes for sale (76 homes last month); list prices range from $124,500 to $1,995,000. This represents an inventory of 18 days for condos, townhomes and duplexes (down from 21 days last month) and 19 days for single family homes, down from 21 days in May, based on the rate of sales over the last 3 months.
San Marcos real estate continues to be a very strong seller’s market, with strong buyer demand and limited inventory.
In June 2021 we saw about the same number of homes come on the market, 123, as compared to 127 last month. The number of homes going pending rose slightly, with 2 more pendings (102) than last month (excluding the homes that closed in June). It was a busy month for both sellers and buyers.
This overview of the San Marcos real estate market is based on data from the MLS for homes that went under contract in the last month or so and closed in June. I can provide more details regarding current activity, within the zip codes of San Marcos (92078 and 92069), and in specific neighborhoods that may interest you including San Elijo Hills, Twin Oaks, Lake San Marcos, or Santa Fe Hills.
Let’s talk! Please call me at (760) 840-1360 to discuss your specific housing needs, timing, lifestyle, and budget, and any questions you have. We will then create a strategy to help you buy a new home in San Marcos in 2021.
Are you thinking about selling your San Marcos home? Let’s find a time to have a conversation and review current market conditions affecting your sale, discuss a market and equity analysis of your home, and create a strategy that will 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 May 2021
Comments(5)