Market Trends: San Marcos 92068, 92069, 92078 — August 2022
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $1,055,000 | Declining |
| Median $/SF (0-3 Mo) | $538.94 | Declining |
| 12-Mo Linear $/SF Change | +22.87% | Positive |
| Months of Inventory | 1.9 | Tight supply |
| Median Days on Market | 26 | Worsening |
| SP/LP Ratio | 100.0% | Slight softening |
| Sales Volume Change (Qtr) | -5.7% | Decreasing |
| Anticipated Marketing Time | 30-60 days | Active market |
Analysis
The data reveals broadly consistent movement between overall prices and per-square-foot metrics. The steeper decline in overall median prices relative to $/SF suggests a compositional shift toward smaller or lower-priced properties in the sales mix, rather than a uniform decline in property values per unit of space.
On the supply side, 1.9 months of inventory reflects tight supply conditions in the market. Increasing days on market indicates properties are taking longer to sell, suggesting buyer caution or overpricing. The declining SP/LP ratio further confirms that sellers are accepting greater concessions from asking prices.
In summary, the market is best characterized as competitive with strong seller positioning. The anticipated marketing time of 30-60 days reflects current absorption rates. The negative 6-month linear trend in $/SF warrants monitoring as it may indicate continued near-term softening.
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