Carlsbad Real Estate News and Views

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s My Del Mar Home Worth? Del Mar Real Estate Market December 2019

What’s the Value of My Del Mar Home?

Del Mar Home Sales for December 2019

 

Del Mar Beach Colony homesDel Mar, a small coastal town in North San Diego County, is one of our more expensive communities. Del Mar so far holds the record for the most expensive property sold publicly in the MLS (at about $48,000,000).  This oceanfront estate in the Del Mar Beach Colony is again listed for sale at $48M!

 

Up to date information on the local Del Mar housing market conditions can help buyers and sellers make educated decisions about Del Mar homes for sale. These statistics were obtained from the MLS for December 2019 (the data are believed accurate at the time this report was written, but are not guaranteed, and do not include private/non-MLS sales).

 

READ MORE:

 Del Mar – Affluent Seaside Town (A Community Profile)

 

15 homes sold in Del Mar in December 2019, a 50% increase from November – who says buyers are not busy during the holiday season. Here's a summary of what happened:

Detached Homes Sold
11 up 83%), 79 Days on Market, Average Sales Price $2,506,909 (up 9%); Average sale 90% of original asking price

Attached Homes Sold
4 (no change), 64 Days on Market, Average Sales Price $665,000 (down 48%), Average sale 97% of original asking price

 

Overall sales for December rose fairly substantially due to the increase in detached home sales. The average sales price increased modestly for detached homes no doubt due to the sale of 3 homes over $3M. In contrast the average sales price for attached homes decreased significantly and likely the result of the sale last month of 2 homes selling for over $1.6M raising the average. Average marketing time was substantially longer for both detached and attached homes, over 2 months.

 

The median price for detached homes increased modestly, to $1,856,000 (up 7%), but dropped significantly to $472,500 (down 66%) for attached home sales from last month.

 

 

Buyers were able to negotiate, on average, 3 - 10% off the original list price on their home purchases; 1 home buyer paid full price. Only 1 sale was a cash transaction, compared to 35% in October.

 

In December there was 3 Del Mar homes on the market with a Contingent status, the same as last month (i.e., when they happen these are often, but not always, homes with offers being reviewed by short sale and REO lenders, but some are first right of refusals). One was a court approval, the other 2 were first right of refusals.

 

house in Del Mar

 

The number of new listings in December dropped significantly by 62% from last month, to 8, not a surprise for the holidays. Similarly the number of Del Mar homes going pending (excluding homes that sold) dropped from 15 pendings to 10.

 

There were 84 Del Mar homes for sale at the end of December, another decrease in inventory, by 21% from last month. At the current rate of sales over a 3-month period, this represents an inventory of 4.9 months for detached homes (down from 5.9 months last month), and 4.3 months for attached properties, up from 3.8 months last month. The Del Mar housing market remains a seller’s market for buyers of attached homes and has shifted from a balanced market to one favoring sellers for detached home buyers.

 

As with any statistic, 1 month does not establish a trend, so it’s important to watch the Del Mar housing market over a period of time, especially as the market is shifting. One should not draw any firm conclusions regarding pricing, or other trends, because of the extremes in sales prices of Del Mar properties, especially at the high end, as well as the overall modest number of home sales this month.

 

Please give me a call at (760) 830-1360 with any questions. I’m happy to discuss your housing needs, lifestyle, and budget, then create a plan with you to purchase your new Del Mar home in 2019, and/or provide the necessary market and equity information and market preparation guidance to help you sell your Del Mar home.

 

Search for Del Mar Homes for Sale

 

READ MORE:

What’s my Del Mar Home Worth? Del Mar Real Estate Market Report November 2019

 

My Jeff Dowler signature

 

**************************************

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW

 

Click to Search for All San Diego Homes

At Home In Carlsbad blog

 

365 Things to Do in Carlsbad (and Nearby) on Facebook   

  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile    Jeff Dowler's Twitter Profile   Jeff Dowler's LinkedIn Profile

 

      CRS Designation Logo

 

MORE ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE (link)

 

If I can provide more information about homes for sale in Carlsbad and in surrounding areas, local housing market conditions, or assist you, friends or family in a purchase or sale, please call or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

HOW ABOUT A FREE EQUITY ANALYSIS ON YOUR CURRENT HOME(S)?

 

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

All content ©Copyright 2020 by Jeff Dowler. All rights reserved.

Solutions Real Estate (CA DRE lic #01490977)

Comment balloon 0 commentsJeff Dowler, CRS • January 11 2020 08:07PM
What’s My Del Mar Home Worth? Del Mar Real Estate Market December 2019
share
What’s the Value of My Del Mar Home? Del Mar Home Sales for December 2019 Del Mar, a small coastal town in North San Diego County, is one of our more expensive communities. Del Mar so far holds the record for the most expensive property sold… more
What’s My Rancho Santa Fe Home Worth? Home Sales for December 2019
share
What’s the Value of My Rancho Santa Fe Home? Rancho Santa Fe Real Estate Market Report for December 2019 Buyers and sellers in the Rancho Santa Fe real estate market should have up to date information about current local market conditions in order… more
What’s my Solana Beach Home Worth? Market Report for December 2019
share
What’s the Value of my Solana Beach Home? Solana Beach Home Sales for December 2019 Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in North San Diego County. … more
Heart of the Village Blood Drive in Carlsbad on February 8, 2020
share
Give Blood and Have Fun Carlsbad Village on February 8, 2020 If you are interested in helping our community by donating blood, Carlsbad Village is the place to be on Saturday, February 8th. Plus you can enjoy some shopping and dining in the… more
February is San Diego Museum Month for 2020
share
February is San Diego Museum Month for 2020 February is San Diego Museum Month and offers a terrific museum benefit you might want to take advantage of. And you have 29 days to do so Yes, that's right - February 29th is Leap Day! During San… more
What’s my Encinitas Home Worth? Encinitas Homes for Sale December 2019
share
What’s the Value of my Encinitas Home? Encinitas Home Sales for December 2019 Buyers and sellers in the Encinitas real estate market must understand local market conditions, and the impact they have on buying and selling, so they can make informed… more
What’s My Carlsbad Home Worth? Carlsbad Home Sales for December 2019
share
What’s the Value of My Carlsbad Home? Carlsbad Market Report for December 2019 The Carlsbad real estate market continues to change, with several shifts from last month and 1 year ago. These data do not include private sales or manufactured/mobile… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report December 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Homes Sales for December 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about current local market conditions in order to make informed… more
The 2020 San Diego Restaurant Week is January 19 - 26
share
San Diego Restaurant Week 2020 January 19 - 26 The New Year is here and foodies will again be thrilled the annual San Diego Restaurant Week is around the corner. Food lovers in our area are particularly lucky since San Diego Restaurant Week takes… more
Free Rides for New Year’s Eve in San Diego December 31, 2019
share
Free Rides for 2020 New Year’s Eve in San Diego December 31, 2019 New Year’s Eve is about here, which means lots of celebrations tomorrow night, and of course for many some alcohol…and in some cases probably too many adult beverages. Driving is… more