What’s my San Marcos Home Worth? San Marcos Market Report July 2021

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What’s the Value of my San Marcos Home?

San Marcos Market Report for July 2021

 

San Elijo Hills town center in San Marcos, CAThe 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 compiled, 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 July 2021 there were 123 homes sold in San Marcos’ 2 zip codes (92069 and 92078), just 4 fewer home sales than last month. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
90 (down by 3); 13 Average Days on Market; Average Sales Price $1,015,333 (down 4%); Average sale 105% of original asking price

Condos, Townhomes and Duplexes Sold

29 (down by 1); 9 Average Days on Market; Average Sales Price $587,927 (up 1%); Average sale 104% of original asking price

 

Overall sales volume in July dropped modestly from last month, with fewer single family home sales, and fewer condo, townhome and duplex sales. The average sales price dropped for single family homes, but went up slightly for condos, townhomes, and duplexes. Sales prices ranged from $285,000 to $2,700,000.

 San Marcos home

The average days on the market (DOM) rose for single family homes, and condos, townhomes and duplexes, but remains below 2 weeks. Home buyers should be prepared to decide quickly about touring listings that appeal to them, and to make offers quickly in order to not miss the limited opportunities, since half the homes, 52%, went pending in 7 days or less.

 

While some buyers were able to negotiate sales prices down from list price, the majority of buyers (82%) paid full price or more for their new homes! The median sales price of single family homes was $922,500 (down 1%), and $610,000 (no change) for condos, townhomes and duplexes.

 

There were 12 San Marcos homes for sale at the end of July with an Active Under Contract status, compared to 13 last month. These homes are included in the overall Active statistics.                                                                                                    

 

The San Marcos housing inventory was higher in July, with 92 homes for sale (versus 74 homes last month); list prices range from $124,500 to $2,450,000. This represents an inventory of 25 days for condos, townhomes and duplexes (up from 18 days last month) and 22 days for single family homes, up from 19 days in June, based on the rate of sales over the last 3 months.

 

The San Marcos real estate market continues to be a very strong seller’s market.

 

In July 2021 we saw more new listings, 145, as compared to 123 last month. The number of homes going pending dropped, with 6 fewer pendings (96) than last month (excluding homes that closed in July). July was a busy month for 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 July. I can provide more details regarding current activity, within the zip codes of San Marcos (92078 and 92069), and in specific neighborhoods that may be of interest 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 June 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (8)

Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Jeff, looks like some great market conditions for you :)  Thanks for the in depth report.

Aug 12, 2021 10:13 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Your market for July was a bit sluggish even though prices are higher.  Could be just the time off for vacations before the kids go back to school and then the push goes on

Aug 12, 2021 11:02 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks Jeffrey DiMuria 321.223.6253 Waves Realty 

San Marcos has been a pretty competitive market and the prices are really getting up there compared to a year or two ago. The limited inventory remains an issue. 

Jeff

Aug 12, 2021 11:43 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed Silva 

I think we are seeing some impact of summer and vacations. With schools starting next week it will be interesting to see where the market will be. Traditionally August is one of the lower months, but this year is far from traditional.

Jeff

Aug 12, 2021 11:44 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

San Marcos home buyers and sellers are sure to value your real estate market report, Jeff.

Aug 12, 2021 06:34 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Myrl Jeffcoat 

I have worked with a number of buyers and sellers in San Marcos - have some buyers now who want to live there. Prices have gone up pretty steadily!

Jeff

Aug 12, 2021 08:07 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Jeff.

Take a break while you can before people get back from vacation, you'll need it.

Aug 13, 2021 12:40 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Sounds like a good plan, James Dray .

Have a wonderful weekend!

Jeff

Aug 13, 2021 09:33 AM