San Marcos Market Update

Page 1

Solutions Real Estate MARKET UPDATE SAN MARCOS, CA

· Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics

· Report for the week of March 26, 2012

byby Crystal ·Presented Presented DavidJordan Dion Solutions Real Solutions RealEstate Estate www.CrystalClearSolutionsRE.com ~ CrystalClearSolutionsRE@gmail.com www.SolutionsRealEstate.com - dave@solutionsrealestate.com (760) 586 8552 480-332-5942

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC


City Overview

Single Family Homes in

SAN MARCOS, CA

David Dion | Solutions Real Estate | 480-332-5942 | www.

CRYSTAL JORDAN / SOLUTIONS REAL ESTATE / 760 586 8552

This Week

Real-Time Market Profile

The median list price in SAN MARCOS, CA this week is $344,450. The 248 properties have been on the market for an average of 126 days.

Trend

Median List Price

$ 344,450

Average List Price

$ 391,118 $ 181

±+

Average Days on Market (DoM)

126

≠≠

Inventory of Properties Listed

248

±+

Asking Price Per Square Foot

Most Expensive Listing

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

$ 3,500,000

Least Expensive Listing

$ 42,500

Average Age of Listing

20

Percent of Properties with Price Decrease

29 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

1712

Median Lot Size

Supply and Demand

≠≠

0.50 - 1.0 acre

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.5

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

22.9

==

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 609,500

3059

1.0 - 2.5 acres

4.0

3.0

9

62

2

12

186

Most expensive 25% of properties

Upper/Second

$ 399,950

2276

0.25 - 0.50 acre

4.0

3.0

13

62

9

7

125

Upper-middle 25% of properties

Lower/Third

$ 299,000

1482

0.25 - 0.50 acre

3.0

2.5

10

62

8

10

110

Lower-middle 25% of properties

Bottom/Fourth

$ 132,450

1365

2.5 - 5.0 acres

2.0

2.0

35

62

7

7

82

Page 2 of 6

Monday March 26, 2012

Least expensive 25% of properties


Single Family Homes in

City Overview

SAN MARCOS, CA

David Dion | Solutions Real Estate | 480-332-5942 | www.

CRYSTAL JORDAN / SOLUTIONS REAL ESTATE / 760 586 8552

Median Price Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 3 of 6

Second/Upper

Third/Lower

Monday March 26, 2012

Fourth/Bottom


Single Family Homes in

City Overview

SAN MARCOS, CA

David Dion | Solutions Real Estate | 480-332-5942 CRYSTAL JORDAN / SOLUTIONS REAL ESTATE / 760 586 8552 | www.

Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.

7-day Average

Page 4 of 6

90-day Average

Monday March 26, 2012


Single Family Homes in

City Overview

SAN MARCOS, CA

David Dion | Solutions Real Estate | 480-332-5942 CRYSTAL JORDAN / SOLUTIONS REAL ESTATE / 760 586 8552 | www.

Market Action Index The SAN MARCOS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.85. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6

Monday March 26, 2012


Single Family Homes in

City Overview

SAN MARCOS, CA

David Dion | Solutions Real Estate | 480-332-5942 | www. CRYSTAL JORDAN / SOLUTIONS REAL ESTATE / 760 586 8552

Days on Market The properties have been on the market for an average of 126 days. Half of the listings have come newly on the market in the past 63 or so days.

7-day Average

90-day Average

Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Page 6 of 6

Second/Upper

Third/Lower

Monday March 26, 2012

Fourth/Bottom


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