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 Home Sales for September 2020

What’s the Value of My Del Mar Home?

Del Mar Real Estate Market in September 2020

 

Del Mar Beach Colony in Del Mar and home search linkDel 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 in San Diego County (at about $48,000,000 in 2007).  This oceanfront estate was again listed for sale at $48M for about a year and sold in March 2020 for $43,000,000!

 

Up to date information on the local Del Mar housing market conditions helps buyers and sellers make educated decisions about Del Mar homes for sale. These statistics were obtained from the MLS (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)

 

22 homes sold in Del Mar in September, 2 fewer than in August (down 8%). Here's a summary of what happened:

Single Family Homes Sold
17 (up 21%), 43 Average Days on Market; Average Sales Price $2,674,364 (down 23%); Average sale was 95% of original asking price

Condos, Townhomes and Duplexes Sold

5 (down 50%); 11 Average Days on Market; Average Sales Price was $944,400 (down 21%); Average sale was 96% of original asking price.

 

Overall sales for September dropped modestly, but with more single family homes sold but fewer condos, townhomes and duplexes. The average sales price dropped for the detached homes compared to last month, no doubt impacted by the sale of 4 homes over $4M with 1 at $12M that raised the average substantially last month. The average sales price for the attached home sales was lower than last month. Sales prices ranged from $444,250 to $11,500,000.

 

Average marketing time was longer for single family homes but quite a bit shorter for condos, townhomes and duplexes than in August, although the number of sales was rather small.

 

The median price for detached homes at $1,700,000 was 19% lower than last month. The median price for attached homes was $775,000, down 38% from August.

 

Buyers were able to negotiate, on average, 4 - 5% off the original list price on their home purchases; 6 of the homes (27%) sold for asking price or more.

 

In September there were 3 Del Mar homes on the market with a Contingent status (now called “Active under Contract” in our MLS), the same as last month (i.e., when they happen these are often first right of refusals, but sometimes are homes with offers being reviewed by short sale and REO lenders). 2 homes were first right of refusals, and the other 1 is a court approval that has been waiting many months for final approval.

 

Condos in Del mar near the beach

 

The number of new listings in September decreased from 40 last month to 34, but it was still a fairly busy month for sellers. The number of Del Mar homes going pending (excluding homes that sold) remained the same at 24 pendings, a busy month for home buyers.

 

Inventory was pretty stable with 84 Del Mar homes for sale at the end of September, 1 more than last month. At the rate of sales over the last 3 months, this represents an inventory of 3.8 months for single family homes (up from 3.7 months last month), and 2.3 months for condos, townhomes and duplexes, a slight decrease from 2.5 months last month.

 

 

The Del Mar housing market remains a strong seller’s market for buyers of single family homes, and a very strong seller’s market for condos, townhomes and duplexes.

 

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 continues to shift. 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 number of home sales this month.

 

Please give me a call at (760) 830-1360 with any questions. I’m happy to discuss your particular housing needs, lifestyle, and budget, and create a plan with you to purchase your new Del Mar home in 2020, and/or provide the necessary market and equity information and market preparation guidance to help you sell your Del Mar home quickly and for top dollar.

 

Search for Del Mar Homes for Sale

 

READ MORE:

What’s my Del Mar Home Worth? Del Mar Real Estate Market Report August 2020

 

My Jeff Dowler signature

 

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

eXpRealty of California, Inc. logo

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW (just click)

 

Click to Search for All San Diego Homes

 

Free Home Valuation Button

 

My "At Home In Carlsbad" blog (click photo)

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

 

      Certified Residential Specialist (CRS) 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?

CALL or TEXT ME AT (760) 840-1360

 

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 by Jeff Dowler. All rights reserved.

eXp Realty of California, Inc. (CA DRE lic #01490977)

Comment balloon 4 commentsJeff Dowler, CRS • October 11 2020 11:00PM
What’s My Del Mar Home Worth? Del Mar Home Sales for September 2020
share
What’s the Value of My Del Mar Home? Del Mar Real Estate Market in September 2020 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… more
What’s my San Marcos Home Worth? San Marcos Home Sales September 2020
share
What’s the Value of my San Marcos Home? San Marcos Market Report for September 2020 The San Marcos real estate market continues to change. These data do not include private sales or manufactured housing (the data are derived from the MLS and are… more
What’s my Encinitas Home Worth? Encinitas Home Sales in September 2020
share
What’s the Value of my Encinitas Home? Encinitas Market Report for September 2020 Buyers and sellers in the Encinitas real estate market should understand local market conditions, and the impact they have on buying and selling, in order to make… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report September 2020
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Home Sales for September 2020 It’s important for buyers and sellers in the Cardiff real estate market to have accurate and current information about local market conditions in order to make… more
What’s My Carlsbad Home Worth? Carlsbad Home Sales for September 2020
share
What’s the Value My Carlsbad Home? Carlsbad Market Report for September 2020 The Carlsbad real estate market continues to change, with some shifts from last month and 1 year ago. These data do not include private sales or manufactured/mobile/multi… more
The 2020 Scream Zone is Now Open in Del Mar CA
share
Scream Zone 2020 Opened October 1st Del Mar CA The 2020 Scream Zone opened last night, October 1st, in Del Mar, as it has for 23 years. It's located at the famed Del Mar Fair Grounds ("scare grounds" as they say ) and runs through… more
Throwback Thursday: The Yellow Brick Road
share
Throwback Thursday: The Yellow Brick Road I was touring some homes for sale for clients way back in December 2014 in Valley Center, a rural community about 30 miles inland from my home in Carlsbad, and stumbled across The Yellow Brick Road, an… more
Wordless Wednesday: Pink Grass
share
Wordless Wednesday: Pink Grass We took a walk the other day along the access road to The Preserve, a new build community still under constuction close to our home. There were a number of pretty plantings that have grown since the community was… more
Tips for Relocating to Carlsbad During the Pandemic
share
Tips for Relocating to Carlsbad During the Pandemic You may be planning a relocation in the future, or perhaps are beginning one. I know several people who were planning a relocation with their company but this has been put on hold for the time… more
Home Buyers, Are You Up to the Competition?
share
Home Buyers, Are You Up to Facing Today's Competition? Buying a home in today’s market is tough. As a home buyer, are you up to facing the competition?! Are you really prepared and are you serious? Market conditions in many areas are challenging… more