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The lovely development called Discovery Hills San Marcos is situated around 27 miles northeast of San Diego in San Marcos. This community is just south of highway 78 near Discovery Lake. Discovery Hills, San Marcos is a great place to live.
At the center of Discovery Hills, San Marcos is Discovery Lake. This lake is surrounded by open space and many trails for walking and hiking.
Discovery Hills San Marcos Homes come in all kinds. There are condominiums, one-story homes, and homes with more square footage than you could imagine—all with a wide variety of price ranges as well. Discovery Hills also includes a homeowner’s association, which takes care of local parks and common areas.
Check out the video below. Then, if you are interested in taking a tour of Discovery Hills or any of the other lovely communities in Escondido, San Marcos and beyond, please do not hesitate to contact the agents at Broadpoint Properties.
Want to see all the homes for sale in Discovery Hills (updated every two hours)? Bookmark this page or save it to your favorites, and check ‘em, out below.
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The San Marcos real estate market continues to evolve, especially with the large number of distress sales. These data do not include any private sales nor manufactured housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
READ MORE:
San Marcos - A Thriving Inland Residential Community
San Elijo Hills – Award-Winning Master Planned Community in San Marcos
Lake San Marcos – Resort and Residential Community in San Marcos, CA
Media reports tend to speak in general terms, rather than local, so their information will not likely represent the reality of our local San Marcos real estate market. Having information about local market conditions benefits you as the buyer or seller when making decisions about buying and selling.
In January 2012 there were 75 homes sold in San Marcos’ 2 zip codes (92069 and 92078), down 35% from December. Here’s the breakdown of overall activity.
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|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
75 (down 35%) |
46 (down 48%) |
29 (up 7%) |
|
Ave. $ |
$330,520 (down 10%) |
$399,177 (down 2%) |
$221,616 (down 6%) |
|
DOM |
89 |
82 |
99 |
|
List $/Sale $ |
98% |
99% |
98% |
Sales volume decreased significantly for detached single family homes in San Marcos, but rose modestly for attached properties. Average sales prices shifted up modestly for detached homes but declined for attached. Buyers are not negotiating much on their purchases, getting only 1-2% off the asking price on average.
There were 143 San Marcos homes for sale at the end of January with a Contingent status, i.e., homes with offers awaiting approval from the short sale and REO lenders. These homes are included in the overall Active stats since they are still considered active until the approvals are obtained.
The San Marcos real estate market tightened further in January - at the end of January 2012 the San Marcos real estate market had 357 homes for sale (40% are contingent), 3% fewer than at the end of December, another decline although modest.
This represents an inventory of 3.5 months for attached homes (down from 3.7 months) and 4 months for detached (up from 3.9 months) based on the current rate of sales over the last 6 months. The San Marcos real estate market remains highly competitive for buyers and is trending more toward a seller’s market overall, with the lowest absorption rates for the North San Diego County coastal communities!
And good news for sellers is that homes are not taking long to sell, on average about 3 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In January 2012 we saw 111 homes come on the market, 13% more than last month. The number of homes going pending in January (83) increased by 26% from last month’s pendings.
This overview of the San Marcos real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in January. More details can be provided if needed with regard to current activity as well as within the specific zip codes of San Marcos (92078 and 92069).
Search for San Marcos Homes for Sale
Search for Lake San Marcos Homes for Sale
READ MORE:
San Marcos Homes for Sale – What Happened in the San Marcos Real Estate Market in December 2011?
San Marcos Homes for Sale – What Happened in the San Marcos Real Estate Market in November 2011?
San Marcos Homes for Sale | San Marcos Real Estate Market Report for October 2011
San Marcos Homes for Sale | San Marcos Real Estate Market Report for September 2011
San Marcos Homes for Sale | San Marcos Real Estate Market Report for August 2011
San Marcos Homes for Sale | San Marcos Real Estate Market Report for July 2011
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