This is a discussion on the sales prices for homes sold recently as compared to last year. In the past 90 days, there have been 41 homes that have sold and closed escrow in San Marcos. These homes range in prices from a low of $325,000 for a 3 bedroom, 2 bath, and 1420 square foot home on Rowena Ave. in San Marcos . To a high price of $1,340,000 for a 5 bedrooms, 4 baths, 4428 square foot home in San Marcos on Becky Lane. The average sold price is $503,248. The average price per square foot is $240 and the average days on market are 76 days.
During this same 90 day period last year, there were 96 homes that sold and closed escrow in San Marcos, CA. These homes ranged in price from $370,000 for a 2 bedroom, 2 bath, 952 square foot home on Laurelwood Court. On up to $1,700,000 for a 4 bedroom, 5 baths, 4408 square foot home on Camino Califia. The average price of these sold homes one year ago was $554,902, the average price per square foot was $275 and the average days on market was 79 days. Comparing these figures to the current market are the following; the average price decreased by 9% and the average price per square foot decreased by 13%. This is drop in prices do to the correction in the market, high inventory and increase in foreclosures, which are good deals for buyers. Even though the market decrease it seems to be headed towards tappering off, read the following log for more info Expect signs of a recovery second half 2008.
Below is one of County Properties Real Estate listing located in in map code 1109D7 of San Marcos for sale.
402 Paseo Alegre, San Marcos CA 92065
Owners will entertain offers between $413,900-$420,000 Beautiful Home! 3 Bedroom 2 baths with 1537 square feet, with a large 8,000 square feet lot. Home has recently been painted in and out. New carpeting and check out the Western Views from the Living Room, Master Bedroom and the newer Deck with Pool/Spa.Home has a wonderful FR-Bonus RM room for entertaining with room for a pool table. . If you would like to view this home go to County Properties Real Estate
The real estate market in San Marcos has cooled off from a year ago, but we see several signs that a bottom is being reached at this time. If you would like to view all homes, condos or bank owned foreclosures (REO) listed for sale, please visit our website at: County Properties Real Estate.