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San Marcos, CA Real Estate News & Monthly Housing Market Update

With plenty of homes in San Marcos to choose from and in combination with historically low interest rates, this real estate area is currently a strong home buyers’ market. For the month of May, the median sales price for homes for sale in San Marcos was $310,000. This represents a 2% decline compared to the prior quarter and a decrease of 6.1% compared to the prior year. These figures indicate a continued weakness in the San Marcos real estate market. Experts are attributing the drop in sales and prices to the continued week job market and the abundance of REO’s flooding the market.  In response, buyers are on the side lines waiting for more stability overall.

Median Sales Price For All Homes in San Marcos, CA as of May, 31st 2011 

San Marcos median sales prices

 

No. Bedrooms

Mar - May '11

y-o-y

3 months prior

1 year prior

5 years prior

1 bedroom

$79,000

-4.0%

$78,000

$82,250

$215,000

2 bedrooms

$207,550

-7.8%

$212,500

$225,000

$380,500

3 bedrooms

$319,000

-2.4%

$325,000

$327,000

$523,500

4 bedrooms

$410,000

-6.3%

$412,500

$437,500

$685,000

All properties

$310,000

-6.1% 

$316,250

$330,000

$530,000

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