About San Marcos

San Marcos is a suburb of San Diego and as of 2010, the city had a total population of 84,391. Outside the San Diego region, it is best known as the home of California State University, San Marcos. The city is bordered by Escondido to the east, Encinitas the Southwest, Carlsbad to the west, and Vista to the northwest.

The original town of San Marcos was at the intersection of what is now Grand Avenue and Rancho Santa Fe Road. In 1887 the Santa Fe Railroad announced that it was going to lay tracks going through the valley, but to the disappointment of the citizens, the tracks were laid one mile (1.6 km) away from the center of the town. By 1896, San Marcos was a community with its own stores, post office, blacksmith and railroad depot. In 1903, the town appeared to be going downhill so the people of San Marcos picked up their homes and moved along the railroad tracks to what now are Mission Road and Pico Avenue.

In 1905, the town had every convenience, including rural mail delivery and telephone service. The first school in the area, which had started in Barham in 1880, was moved in 1889 to San Marcos. Later that same year, the Richland School was built, being the second school in San Marcos.

The main business in San Marcos in the 19th century and early 20th century was farming. Then in the mid-20th century, dairies and poultry production became a big part of the business in the town. San Marcos experienced a period of growth from 1956 onward, when the first water from the Colorado River arrived. Several small businesses were founded and the population rapidly increased to 2,500. San Marcos became an incorporated city on January 28, 1963. In the 1970s, San Marcos was flourishing as the third fastest-growing city in the state with a population of 17,479 by 1980. The population continued to boom over the next two decades, reaching 33,800 in 1990 and 82,743 in 2000. (Extracted from Wiki entry for San Marcos)

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Bank Owned Homes in San Marcos

Let us help you purchase a bank owned home and rebate you 25% of our commission (subject to bank approval) on homes selling for $400K or more.  If you are ready to jump and financially qualified we can help steer you through the bank rapids to potentially the home of your dreams at a bargain price and receive $1000's in a rebate.

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Short Sales in San Marcos

We can help you purchase a short sale home.  However, please bear in mind this can become a very complex time consuming process that can takes many months and still lead to disappointment.  In many cases a short sale home must be bought "as is" with minimal if any warranties.  Many normal sale homes are priced aggressively and you may find one that meets your needs at a great price that will be far easier to purchase.  We can rebate 25% of our commission on a normal sale over $400K in value and this will help you cover closing costs.  We are experts in finding the right homes for clients in North County San Diego and can negotiate the very best price for you and help you cover those closing costs.

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Current Market Trends in San Marcos

The spreadsheets below track two key metrics to help determine the state of the detached housing market for San Marcos zip codes. One metric measure what percentage of homes are "distressed". These are homes where the home owner is having difficulty paying of the loan. In an extreme case the home becomes bank owned and is a bank sale but in many cases a bank will allow for a short sale where the home is sold and only part of the loan is paid off with the proceeds thus falling short of the full loan amount. We have a distressed home expert on our team to help you navigate this complex area if unfortunately you are in this predicament.  As distressed homes are typically sold below market value the higher the percentage of distressed homes in an area the more likely home prices will remain depressed.  A high inventory of homes for sale relative to how many homes are sold is another key factor. The spreadsheet below calculates the distressed home % and then also calculates how many months it will take to sell off the current inventory of homes for sales.  Please refer to the active column for how many homes are for sale in a given month.  High inventory and high % of distressed homes have plagued the USA home market for the last few years but not all areas are the same. Not only do zip codes vary but developments and even streets in an area can buck a negative trend. When we develop an analysis of your home you may wish to sell or purchase we take into account all these factors and more.  Please email us or call us more information.

All statistics quoted below were derived from Sandicor's MLS data and used with their kind permission.  Information on bank and short sales is based on how agents code their MLS information and may not always be 100% accurate.  However, the overall trends indicate should be meaningful.  The information here is owned by our brokerage office is provided to help homeowners and buyers understand their specific local market conditions.  Use by other parties requires our written approval.

ZIP 92069 Market Trend Summary

Our analysis only goes back a year and only from November 2011 are we starting to track inventory months.  November was the best by far in last year with a dramatic drop in the sky high distressed rates as high as 86% last May but December saw rates back up again and now January was worse again.  Likely too early to get alarmed.

ZIP 92078 Market Trend Summary

Our analysis only goes back a year and only from November are we starting to track inventory months.  Fairing better than 92069 with distressed rates lower but still close to an average 50% for the year.  However the recent positive trend was halted in January with a high number of distressed sales so both San Marcos zips having a poor start to the year.

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