What’s my San Marcos Home Worth? San Marcos Market Report July 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 Home Sales for July 2022

 

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

 

Having current information about the local market conditions benefits you as a seller or buyer so you can make informed buying and selling decisions about San Marcos homes for sale, in this competitive and changing market.

 

READ MORE:

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

 

In July 2022 there were 70 homes sold in San Marcos’ 2 zip codes (92069 and 92078), 15 fewer sales than last month (down 18%) and another decline in sale. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
51 (down 22%); 19 Average Days on Market; Average Sales Price $1,197,124 (no change); Average sale 99% of original asking price

Condos, Townhomes and Duplexes Sold
19 (down by 1); 12 Average Days on Market; Average Sales Price $716,394 (up 7%); Average sale 100% of original asking price 

 

Overall sales volume in July decreased substantially, and especially for single family home sales; there was 1 less condo, townhome and duplex sale. The average sales price did not shift for single family homes, but was higher for condos, townhomes, and duplexes. Sales prices ranged from $175,000 to $2,800,000.

 

The average time on the market (DOM) was longer for single family homes, and for condos, townhomes and duplexes but still well under 3 weeks. Almost half of the homes (46%) went pending in 7 days or less, fewer than last month.

 

San Marcos home

 

A number of buyers negotiated their sales prices in July. But still 39% paid over list price! The median sales price of single family homes was $1,065,000 (down 5%), and $731,000 (down 1%) for condos, townhomes and duplexes.

 

There were 3 San Marcos home for sale at the end of July with an Active Under Contract status, compared to 5 last month. These homes are included in the overall Active statistics below.                                                                                                                                                                                       

The San Marcos housing inventory again rose substantially in July, with 149 homes for sale (up 5%)…great news for buyers. List prices range from $390,000 to $3,299,000. This is a supply of 17 days for condos, townhomes and duplexes (down from 28 days last month), but 1.8 months for single family homes (up from 1.5 months last month), based on the rate of sales over the last 3 months.

 

Despite the inventory improvement, San Marcos remains a very strong seller’s market based on supply and demand.

 

We saw fewer new listings hit the market in July, 112 (down 12%), but still 2+ new properties each day. The number of homes going pending was stable at 59, excluding those homes that closed in July.

 

This summary of the San Marcos real estate market is based on data provided by the MLS. I can share more details regarding current activity, or for neighborhoods of interest (e.g., San Elijo Hills, Twin Oaks, Lake San Marcos, Santa Fe Hills).

 

Is it time to talk real estate? Please reach out to me at (760) 840-1360 directly or by text so we can review your personal housing needs, timing, lifestyle, budget, and questions. We’ll then design a plan to buy your new San Marcos home.

 

Are you thinking about selling your San Marcos home? Let’s discuss the current market conditions that can affect your sale, and review a market and equity analysis for your home. Then we’ll develop a strategy to sell your home quickly for the best price, terms and conditions.

 

If you are interested in your home’s current market value, please reach out to me at (760) 840-1360.

 

SEARCH FOR SAN MARCOS HOMES FOR SALE

 

READ MORE:

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

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (7)

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

We have had similar price changes over the last couple of months here in Elk Grove.  Thank you for your update.  I appreciate understanding what is going on in other areas of California.

Aug 15, 2022 11:58 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 15, 2022 09:19 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such a great summary of what is going on in San Marcos, you are definitely the man to reach out to if anyone has further questions!

Aug 16, 2022 05:14 AM
Roy Kelley
Retired - Gaithersburg, MD

Prospective home sellers are in very good hands when they seek your professional real estate advice and assistance.

Aug 16, 2022 09:07 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No doubt we are seeing changes like this in many areas, Ray. And I also like seeing what's happening in the housing market in other parts of CA, and the country. I enjoy your reports about Elk Grove.

Jeff

Aug 16, 2022 02:26 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the kind words Myrl Jeffcoat 

Hi Brian England  What a nice compliment - thank you!

Jeff

Aug 16, 2022 02:27 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff - so maybe we are in a shift here but a gentle one and maybe moving toward more normal.

Aug 17, 2022 05:17 AM