What’s my San Marcos Home Worth? San Marcos Home Sales February 2022

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 February 2022

 

San Elijo Hills town center in San Marcos CAThe San Marcos real estate market continues to change each month. These data do not include private sales, mobile homes or multi-family housing (the data are taken from the MLS and are believed to be accurate at the time this report was published, but are not guaranteed).

 

Having current information about 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, especially in this competitive market.

 

READ MORE:

 San Marcos - A Thriving Inland Residential Community

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

 

In February 2022 there were 76 homes sold in San Marcos’ 2 zip codes (92069 and 92078), 9% more home sales than last month. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
40 (down 18%); 9 Average Days on Market; Average Sales Price $1,109,748 (up 1%); Average sale 109% of original asking price

Condos, Townhomes and Duplexes Sold

36 (up by 71%); 10 Average Days on Market; Average Sales Price $606,986 (up 1%); Average sale 105% of original asking price

 

Overall sales volume in February rose, with a decrease in single family home sales but substantially  more condo, townhome and duplex sales. The average sales price rose slightly for single family homes, and for condos, townhomes, and duplexes. Sales prices ranged from $246,000 to $2,400,000.

 

The average time on the market (DOM) was shorter for single family homes, as well as for condos, townhomes and duplexes, and under 2 weeks! Buyers should be prepared to make quick decisions about touring homes they like, and then making offers, since well over half of the homes (67%) went pending in 1 week or less.

 

A few buyers negotiated their sales prices down from list price, however, the vast majority (92%) paid asking price or more! The median sales price of single family homes was $930,000 (up 7%), and $647,500 (no change) for condos, townhomes and duplexes.

 

There were 5 San Marcos home for sale at the end of February with an Active Under Contract status, compared to 4 last month. These homes are included in the overall Active statistics below.                                                                                                                                                 

San Marcos homes at Old Creek Ranch                                        

 

The San Marcos housing inventory rose in February, with 40 homes for sale (34 last month); list prices range from $419,900 to $3,000,000. This represents a supply of 19 days for condos, townhomes and duplexes (vs. 17 days last month), and 13 days for single family homes, up from 10 days in January, based on the rate of sales over the last 3 months.

 

Based on supply and demand, San Marcos continues to be a very strong seller’s market.

 

In February 2022 we saw about the same number of new listings, 85, as we did last month (86) which was good news. The number of homes going pending dropped slightly, from 71 last month to 69 (excluding homes that closed). It was another busy month for buyers and sellers.

 

This overview of the San Marcos real estate market is based on data from the MLS. I can provide more details regarding current activity, within the zip codes of San Marcos, or for neighborhoods that are of interest, such as San Elijo Hills, Twin Oaks, Lake San Marcos, or Santa Fe Hills.

 

Let’s talk real estate! Please reach out to me at (760) 840-1360 so we can discuss your personal housing needs, timing, lifestyle, and budget, and any questions. We can then create a strategy to help you buy your new San Marcos home.

 

Are you considering selling your home in San Marcos? Let’s find a time to have a discussion about current market conditions affecting your sale, review a market and equity analysis of your home, and create a plan to help your sale happen quickly, and for the best price, terms and conditions.

 

SEARCH FOR SAN MARCOS HOMES FOR SALE

 

READ MORE:

What’s My San Marcos Home Worth? San Marcos Real Estate Market Report January 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (4)

Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - I noticed a slight increase in inventory for the San Marcos market but as you know, it is going to take a lot more inventory to benefit the buyers and move the needle.  Fortunately, clients can depend on your negotiating expertise to make a difference.

Mar 09, 2022 11:31 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE® 

Yes it's nice to see any increase in inventory, but with the demand new listings disappear pretty fast. I have a couple of clients looking in San Marcos and it's a challenge.

Jeff

Mar 09, 2022 12:35 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Mar 09, 2022 05:55 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The numbers in San Marcos are strong and you do such a great job of keeping everyone updated!

Mar 10, 2022 05:38 AM