What’s the Value of my San Marcos Home?
San Marcos Home Sales for July 2022
The 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.
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.
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.