How Is The Del Mar Real Estate Market?

Curious what the Del Mar real estate market has been doing lately? You certainly aren’t alone. Newspapers, television, websites, and almost every person you pass on the street seem to have an opinion about the real estate market. Unfortunately, most aren’t based on fact, or they are based on large geographic averages, and not our local Del Mar market. What is happening in New York, Los Angeles, or even the rest of San Diego County, isn’t necessarily a reflection on what is happening here, in Del Mar. That is why it is so important to get HYPER LOCAL numbers, especially if you are making a decision to sell, or purchase a home. Below we have posted data for the city of Del Mar, as it stands today. We will also re-post every 30 days- so you can get a good idea what is happening in your home town. If you would like more specific, zip code based numbers- give us a call, or shoot us an email. We can also set up an auto email, so you get up to date numbers, sent to your inbox weekly.
Deciding what to do with your home, or whether or not to purchase a new one, is too big a decision to make, without accurate data. We would be happy to keep you abreast of the changes in the Del Mar real estate market, so you can make an informed, intelligent, decision.

Del Mar Real Estate Statistics for Single Family Residences

 

Del Mar Real Estate Statistics for Condos/Town Homes

 

Median Price of Homes in Del Mar

The median price tracks the middle range price of homes in the area. Half the homes have sold for more, and half have sold for less.

 

Total Inventory for Del Mar

The total inventory tracks how many homes are currently listed for sale, and addresses the issue of “Supply and Demand.” A low inventory, coupled with a low average days on market, indicates that the supply isn’t keeping pace with demand. An increased inventory, with increased days on market, means there isn’t sufficient demand for the number of homes currently for sale.

 

Average Days on Market in Del Mar

The average days on market tracks how long it takes for a home to sell. Shorter days on market indicate a decrease in inventory, and more demand.

 

Market Action Index for Del Mar

The market action index answers the question “How’s the market?” by measuring the current rate of sales versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

 

 

If you are wondering what all this means to the value of your Del Mar home- CLICK HERE to for an instant online home value. Just enter your address, and a value report will be emailed to you in seconds!

For more information on the Del Mar real estate market, selling your home, or homes for sale- contact Graham and Kelly at (760)421-1733, or email us.