San Marcos Annual Real Estate Market Trends

San Marcos
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $204,100 $178,950 620 50 97.2%      
1999 $214,443 $199,838 688 45 97.9% 5.1% 11.7% 11.0%
2000 $256,607 $235,250 640 39 98.1% 19.7% 17.7% -7.0%
2001 $292,227 $269,900 759 42 97.7% 13.9% 14.7% 18.6%
2002 $347,577 $329,000 863 43 97.7% 18.9% 21.9% 13.7%
2003 $424,234 $395,000 975 36 97.5% 22.1% 20.1% 13.0%
2004 $558,011 $530,000 1,025 29 97.7% 31.5% 34.2% 5.1%
2005 $616,063 $580,000 1,009 48 97.1% 10.4% 9.4% -1.6%
2006 $628,978 $585,000 670 63 96.6% 2.1% 0.9% -33.6%
2007 $592,502 $573,000 600 71 96.2% -5.8% -2.1% -10.4%

San Marcos
(Condominiums)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $129,904 $112,500 145 60 96.8%      
1999 $129,081 $116,000 193 47 97.7% -0.6% 3.1% 33.1%
2000 $146,757 $138,750 198 36 98.3% 13.7% 19.6% 2.6%
2001 $177,469 $174,000 208 33 98.5% 20.9% 25.4% 5.1%
2002 $215,247 $202,500 186 25 98.2% 21.3% 16.4% -10.6%
2003 $261,048 $252,000 193 30 98.0% 21.3% 24.4% 3.8%
2004 $350,496 $340,000 300 27 98.0% 34.3% 34.9% 55.4%
2005 $400,450 $405,000 373 54 97.6% 14.3% 19.1% 24.3%
2006 $389,845 $393,250 272 70 97.0% -2.6% -2.9% -27.1%
2007 $367,776 $386,250 222 76 96.6% -5.7% -1.8% -18.4%

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DEFINITIONS

Median Price
Median Price is the price at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
SP/LP
The average selling price divided by the average list price.