Carlsbad Real Estate News and Views: California: Del Mar

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.

San Diego Spring Home/Garden Show at the Del Mar Fairgrounds March 5 - 7, 2010

San Diego Spring Home/Garden Show will be at the Del Mar Fairgrounds

March 5th through the 7th, 2010 

Winter DaffodilsJust because the San Diego weather is milder and less wintry than many other parts of the country doesn't mean you can't get excited about spring and the San Diego Spring Home/Garden Show

Now who doesn't like a home and garden show?

It can be so much fun to see all the flower and garden exhibits and dream about what your yard could look like. Or, if you are thinking of spiffing up or remodeling your home, whether you are planning to move or not, you can explore the many products, services, home furnishings and exhibits at the San Diego Home/Garden Show.

See some gardens from the 2009 San Diego Home/Garden Show

You can also Ask the Experts if you have particular questions about building permits, for example. And there will be a large display of art work. 

The San Diego Home/Garden Show is being held at the Del Mar Fairgrounds in Del Mar California beginning tomorrow, Friday March 5, through Sunday March 7. There is a large list of exhibitors (the list contains links to many of the vendor websites). 

Hours are 11 - 6 on Friday, 10 - 6 on Saturday, and 10 - 5 on Sunday. You can buy tickets on-line - regular admission is $8 but e-tickets are only $6. Admission after 3 PM is $5.

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 If I can provide more information about Del Mar real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

Del Mar Real Estate - Del Mar Real Estate Market Report for January 2010

Del Mar REal Estate Market Report

Del Mar is a small coastal town in North San Diego County with a reputation as one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has two of the most expensive homes for sale in San Diego County (at $76M and $50M), and still holds the record for the most expensive property sold (at about $48,000,000). 

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile) 

Having up to date information on the local Del Mar real estate market is important for buyers and sellers to be able to make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for January 2010 (the data are believed accurate but are not guaranteed, and do not include private sales). 

Only 7 homes sold in the Del Mar real estate market in January, less than ½ the number sold in December. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

7 (down 65%)

6 (down 62%)

1 (down 75%)

Average Price

$1,077,214 (down 41%) 

  $1,100,833 (down 49%)  

  $887,500 (up 76%) 

Days on Market

93

108

37

Sale Price/List Price Ratio

93%

89%

97%

Sales volume shifted down significantly over the prior month with a substantial decline in average sale prices (the change for attached is based ONLY on the sale of 1 house). Of the detached home sales 2 were REOs and 2 were Short Sales. 

There were 8 Del Mar homes on the market at the end of January with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders, 6% of the total number of homes for sale). These are included in the overall Active statistics below. 

More than 3 times as many homes entered the Del Mar real estate market in January as in December, 51 compared to 16. 

There were 138 Del Mar homes for sale at the end of January, 9% more than December, the first increase in 3 months. At the current rate of sales over a 6-month period, this represents an inventory of 8.4 months for detached homes (up from 7.8 last month), and 8 months for attached properties, up from 6 months as of the end of December. 

14 Del Mar homes went pending in January, 2 more than last month. 

READ MORE: How Important is Inventory when Buying or Selling? Very!! 

As with any statistic, 1 month of numbers is not a trend, so it is important to watch what is and has been happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar real estate market, however there are some encouraging numbers regarding a more stable inventory with fairly consistent sales. 

READ MORE: 

Del Mar Real Estate - Del Mar Real Estate Market Report for December 2009 

Del Mar Real Estate - Del Mark Real Estate Market Report for November  

Del Mar Real Estate - Del Mar Real Estate Market Report for October 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for September 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for August 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for July 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for June 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for May 2009

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Follow Jeff Dowler on Twitter     Subscribe in a reader

If I can provide more information about Del Mar real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits

 

Del Mar Real Estate - Del Mar Real Estate Market Report for December 2009

Del Mar Real Estate Market Report for December 2009

Del Mar is a small coastal town in North San Diego County with a reputation as one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has two of the most expensive homes for sale in San Diego County (at $76M and $50M), and still holds the record for the most expensive property sold (at about $48,000,000). 

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile) 

Having up to date information on the local Del Mar real estate market is important to make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for December 2009 (the data are believed accurate but are not guaranteed, and do not include private sales). 

20 homes sold in the Del Mar real estate market in December, 3 more than in November. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

20 (up 18%)

16 (up 23%)

4 (no change)

Average Price

$1,838,975 (up 28%)

$2,168,000 (up 24%)

$502,875 (up 28%)

Days on Market

93

108

37

Sale Price/List Price Ratio

93%

89%

97%

Sales volume shifted up fairly well over the prior month with good increase in prices as well. Part of the shoot up in detached home prices is due to the sale of a $12 million oceanfront home in the Del Mar Beach Colony (BTW one of the detached home sales was a shortie). 

There were 9 Del Mar homes on the market at the end of November with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

16 homes entered the Del Mar real estate market in December 2009, 1 more than in October. 

There were 127 Del Mar homes for sale at the end of December 2009, 17% fewer than in November, which had dropped 15% from October. At the current rate of sales over a 6-month period, this represents an inventory of 7.8 months for detached homes (another drop, down from 9.8 month last month), and 6 months for attached properties, another decline of almost 3 months from last month. 

12 Del Mar homes went pending in December, down 6% over last month, although given the holiday this may not be a big surprise. 

As with any statistic, 1 month of numbers are not a trend, so it is important to watch what is and has been happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar real estate market, however there are some encouraging numbers regarding a more stable inventory with fairly consistent sales. 

READ MORE: How Important is Inventory when Buying or Selling? Very!!  

Del Mar Real Estate - Del Mark Real Estate Market Report for November  

Del Mar Real Estate - Del Mar Real Estate Market Report for October 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for September 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for August 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for July 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for June 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for May 2009

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Follow Jeff Dowler on Twitter     Subscribe in a reader

If I can provide more information about Del Mar real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits

Del Mar Real Estate - Del Mar Real Estate Market Report for November 2009

Del Mar Real Estate market report

Del Mar is a small coastal town in North San Diego County with a reputation as one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has two of the most expensive homes for sale in San Diego County (at $76M and $50M), and still holds the record for the most expensive property sold (at about $48,000,000). 

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile) 

Having up to date information on the local Del Mar real estate market is important to make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for November 2009 (the data are believed accurate but are not guaranteed, and do not include private sales).

17 homes sold in the Del Mar real estate market in November, 1 less than in October. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

 

17 (down 6%)

13 (no change)

4 (down 20%)

Average Price

 

$1,434,486 (down 16%)

$1,755,020 (down 11%)

$392,750 (down) 66%)

Days on Market

 

102

102

105

Sale Price/List Price Ratio

 

94%

94%

91%

Sales volume shifted down slightly over the prior month with a decline in prices as well (the dramatic shift in the attached homes is due to the sale of 2 low end properties - 1 investor owned, the other a short sale. Last month the average attached home sales price rose significantly due to the sale of a $2.8 million unit)

There were 7 Del Mar homes on the market at the end of November with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

17 homes entered the Del Mar real estate market in November 2009, 3 less than in October. 

There were 153 Del Mar homes for sale at the end of November 2009, 15% fewer than in October. At the current rate of sales over a 6-month period, this represents an inventory of 9.8 months for detached homes (another drop, down from 10.9), and 7.6 months for attached properties, a decline of almost 3 months. 

20 Del Mar homes went pending in November, up almost 50% over last month. 

As with any statistic, 1 month of numbers are not a trend, so it is important to watch what is and has been happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar real estate market, however there are some encouraging numbers regarding a more stable inventory with fairly consistent sales. 

READ MORE:   How Important is Inventory when Buying or Selling? Very!!  

Del Mar Real Estate - Del Mar Real Estate Market Report for October 2009

Del Mar Real Estate - Del Mar Real Estate Market Report for September 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for August 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for July 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for June 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for May 2009

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Follow Jeff Dowler on Twitter     Subscribe in a reader

If I can provide more information about Del Mar real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits

Del Mar Real Estate - Del Mar Real Estate Market Report for October 2009

Del Mar Real Estate Market Report header

Del Mar is a small coastal town in North San Diego County with a reputation as one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has two of the most expensive homes for sale in San Diego County (at $76M and $50M), and still holds the record for the most expensive property sold (at about $48,000,000). 

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile) 

Having up to date information on the local Del Mar real estate market is important to make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for October 2009 (the data are believed accurate but are not guaranteed, and do not include private sales). 

18 homes sold in the Del Mar real estate market in October, down 22% from September. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

18 (down 22%)

13 (down 19%)

5 (down 29%)

Average Price

$1,716,004 (up 20%)

$1,937,060 (up 11%)

$1,141,260 (up 65%)

Days on Market

105

98

123

Sale Price/List Price Ratio

91%

91%

91%

 Sales volume decreased over the prior month with another upward shift in the average prices of homes across the board. The dramatic rise in average sale price for attached homes was due to the sale of 1 unit for $2.8 million. There was also an $8.5 million detached home which led to another increase in average sales price. 

There were 7 Del Mar homes on the market at the end of October with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

20 homes entered the Del Mar real estate market in October 2009, 57% fewer than in September. 

There were 181 Del Mar homes for sale at the end of October 2009, about the same as last month. At the current rate of sales over a 6-month period, this represents an inventory of 10.9 months for detached homes (down from 12.4 in September), and 10 months for attached properties, almost the same as last month. 

13 Del Mar homes went pending in October (12 of them detached), down 57% from September. 

As with any statistic, 1 month of numbers are not a trend, so it is important to watch what is and has been happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar real estate market, however there are some encouraging numbers regarding a more stable inventory with fairly consistent sales. 

READ MORE: How Important is Inventory when Buying or Selling? Very!! 

Del Mar Real Estate - Del Mar Real Estate Market Report for September 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for August 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for July 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for June 2009  

Del Mar Real Estate - Del Mar Real Estate Market Report for May 2009

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Follow Jeff Dowler on Twitter Subscribe in a reader

If I can provide more information about Del Mar real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

Del Mar Real Estate - Del Mar Real Estate Market Report for September 2009

Del Mar real estate market report

Del Mar is a small coastal town in North Diego County with a reputation for being one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has two of the most expensive homes for sale in San Diego County (at $76M and $50M), and still holds the record for the most expensive property sold (at about $48,000,000). 

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile)

Having up to date information on the local Del Mar real estate market is important to make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for September 2009 (the data are believed accurate but are not guaranteed, and do not include private sales). 

23 homes sold in the Del Mar real estate market in September, almost double the number of sales in August which had increased by 44% over July, encouraging news for a high-end community especially in terms of detached home sales. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

23 (up 77%)

16 (up 100%)

7

Average Price

$1,425,873 (up 8%)

$1,746,921 (up 8%)

$692,050 (down 19%)

Days on Market

103

113

82

Sale Price/List Price Ratio

 

92%

92%

93%

Sales volume increased over the prior month with an upward shift in the average price of a detached home, but a decline (due to lower end sales) for attached homes. Of the Del Mar home sales in September, 2 of the detached homes were short sales, and 1 attached home was bank-owned. 

Thoroughbreds at the Del Mar racesThere were 7 Del Mar homes on the market at the end of September with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

35 homes entered the Del Mar real estate market in September 2009, 5 more than in August. 

There were 182 Del Mar homes for sale at the end of September 2009, with no change in inventory from August. At the current rate of sales over a 6-month period, this represents an inventory of 12.6 months for detached homes (down from 14.2 in August which had declined from July), and 9.9 months for attached properties, another decease (from 14.2 months in August which had dropped 5 months from July 2009). 

23 Del Mar homes went pending in September (19 of them detached), 2 more than in August. 

As with any statistic, 1 month of numbers are not a trend, so it is important to watch what is happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar real estate market, however there are some encouraging numbers regarding the inventory with more sales, along with improved affordability for attached homes. 

READ MORE: How Important is Inventory when Buying or Selling? Very!!  

Del Mar Real Estate Market Report for August 2009 

Del Mar Real Estate Market Report for July 2009

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Subscribe in a reader

If I can provide more information about Del Mar real estate, or about real estate in surrounding areas, the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

Del Mar Real Estate - Del Mar Real Estate Market Report for August 2009

A view of Dog Beach (North Beach) in Del Mar California

Del Mar is a small coastal town in North Diego County, south of Solana Beach and north of La Jolla, with a reputation for being one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has two of the most expensive homes for sale in San Diego County (at $76M and $50M), and holds the record for the most expensive property sold (at about $48,000,000).

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile) 

Having up to date information on the local Del Mar real estate market is important to make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for August 2009 (the data are believed accurate but are not guaranteed, and do not include private sales). 

13 homes sold in the Del Mar real estate market in August 2009 (8 detached and 5 attached), an encouraging increase by 44% over July sales following two months of decline. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

13 (up 44%)

8

5

Average Price

  $1,323,346 (down 21%) 

  $1,618,625 (down 8%)

 $850,900 (down 12%) 

Days on Market

116

85

165

Sale Price/List Price Ratio

94%

93%

95%

Sales volume increased over the prior month with a drop in prices across the board. The days on market dropped for detached homes but rose for attached (but this is based only on 5 sales). Of the Del Mar home sales in July, 1 of the detached homes was a short sale 

Looking down on Del Mar California and the ocean beyondThere were 8 Del Mar homes on the market at the end of August with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

30 Del Mar homes came on the market in August (25 detached and 5 attached), 4 fewer than in July which had also declined from June. 

With more sales and fewer homes coming on the market, there were 182 Del Mar homes for sale at the end of August 2009, 12% less than last month. At the current rate of sales over a 6-month period, this represents an inventory of 14.2 months for detached homes (down from 16.3 in July), and 13.4 months for attached properties, a decrease of 5 months from July 2009. 

We also saw 21 homes go pending in August (11 detached and 10 attached), almost double the number of pendings in July. 

As with any statistic, 1 month of numbers are not a trend, so it is important to watch what is happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar real estate market, however there are some encouraging numbers regarding less inventory and more sales, along with improved affordability. 

READ MORE: How Important is Inventory when Buying or Selling? Very!!

Del Mar Real Estate Market Report for July 2009

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Subscribe in a reader

If I can provide more information about Del Mar real estate, or about real estate in surrounding areas, the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

Del Mar Real Estate - Del Mar Real Estate Market Report for July 2009

Del Mar Real Estate Market Report

Del Mar is a small coastal town in North Diego County, just south of Solana Beach and north of La Jolla. It has a reputation for being one of the most expensive towns in the county. Indeed, the Del Mar real estate market has two of the most expensive homes for sale (still) in San Diego County, and the town still holds the record for the most expensive property sold (at about $48,000,000). 

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile) 

Having up to date statistics on the local Del Mar real estate market is important so buyers and sellers can make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for July 2009 (the data are believed accurate but are not guaranteed, and do not include private sales).

9 homes sold in the Del Mar real estate market in July 2009 (8 detached and 1 attached), a decline of 40% from June sales, which had also declined from May. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

9 (down 40%)

8

1

Average Price

  $1,672,888 (up 9%) 

  $1,761,375 (down 10%) 

  $965,000 

Days on Market

129

143

11

Sale Price/List Price Ratio

92%

92%

93%

The number of homes sold decreased from the prior month, with fewer homes selling at significant prices (all under $3 million). 

Of the Del Mar home sales in July, 1 of the detached sales was an REO

Cafe Del Mar in downtown Del Mar CaliforniaThere were 6 Del Mar homes on the market at the end of July with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

34 Del Mar homes came on the market in July (19 detached and 18 attached), just 3 less than in June. 

There were 207 Del Mar homes (including the 6 with Contingent status) for sale at the end of July 2009, just 2 more homes for sale than at the end of June. At the current rate of sales over a 6-month period, this represents an inventory of 16.4 months for detached homes (about the same as last month), and 18.7 months for attached properties, a decrease of 2 months from June 2009. 

11 homes went pending in July (7 detached and 4 attached), 2 fewer than last month. 

As with any statistic, 1 month of numbers are not a trend, so it is important to watch what is happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar real estate market. The overall inventory of 16 or more months is fairly consistent with other affluent towns where the average home price exceeds $1 million. 

READ MORE: How Important is Inventory when Buying or Selling? Very!!

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

Subscribe in a reader

If I can provide more information about Del Mar real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

Del Mar Races Opening Day TODAY in Del Mar California - And an AR Gathering Coming SOON

Today, July 22, is the long-awaited Del Mar Races opening day for thoroughbred racing at the famed Del Mar Race Track at the Del Mar Fairgrounds in Del Mar California.

 Del Mar Race track in Del Mar California

READ MORE: Del Mar - Affluent Seaside Community

Del Mar Race track in Del Mar CaliforniaThe horses have been racing at Del Mar for decades now, attracting crowds from all over the country. The Del mar races gained a reputation as a place to hobnob with the Hollywood set years ago (Bing Crosby, Jimmy Durante, the Rat Pack, among many others) and remain a popular celebrity-sighting venue today.

And the Del Mar Races Opening Day is THE event on the summer social scene, with the ever-popular "One and Only Truly Fabulous Hats contest." Wonder if I have time to dredge up an old chapeau, decorate it and still get to the races? I don't think I could compete with the likes of some of the contestants and past winners.

The races run through September 9 and folks traveling the 5 freeway can expect traffic congestion as a result, in addition to the summer crowds. 

On perhaps a more important note for AR members, there will be a meet-up of San Diego area bloggers on August 14 - Some ActiveRainers (who know who you are) will remember Active Rain Day at Del Mar back in 2007 with the Sellsius dudes where we welcomed folks from San Diego and Orange Counties to the festivities. This one should be a blast as well with some well-known and popular bloggers from our midst joining in on the Aloha theme.

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Subscribe in a reader

If I can provide more information about Del Mar real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

Del Mar Real Estate - Del Mar Market Report for June 2009

Del Mar Real Estate Market Report

Del Mar is a small coastal town in North Diego County, just south of Solana Beach and north of La Jolla. It has a reputation for being one of the most expensive towns in the county. Indeed, two of the most expensive homes for sale in San Diego County are in Del Mar, and the town still holds the record for the most expensive property sold (at about $48,000,000).

READ MORE: Del Mar - Affluent Seaside Town (A Community Profile)

Having up to date statistics on the local Del Mar real estate market is important so buyers and sellers can make informed decisions about buying and selling property. Here are the statistics obtained from the MLS for Del Mar for June 2009 (the data are believed accurate but are not guaranteed, and do not include private sales). 

15 homes sold in the Del Mar real estate market in June 2009 (11 detached and 4 attached), a decline of 21% from May sales. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

 

15 (down 21%)

11

4

Average Price

  $1,536,200 (down 35%) 

  $1,961,727 (down 31%) 

  $343,500 (down 46%) 

Days on Market

88

101

51

Sale Price/List Price Ratio

94%

94%

94%

The number of homes sold decreased from the prior month, with fewer homes selling at significant prices (1 at $9 million) and 3 of the 4 attached homes selling for under $225,000, which contributed to a large decrease in average selling price, especially for the attached homes. 

Cafe Del Mar in downtown Del Mar CaliforniaOf the Del Mar home sales in June, 3 of the 4 attached homes were REOs (the low end homes), while all of the detached home sales were regular sales. 

There were 6 Del Mar homes on the market at the end of June with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders). These are included in the overall Active statistics below. 

37 Del Mar homes came on the market in June (19 detached and 18 attached), just 1 more than in May. 

There were 205 Del Mar homes (including the 6 with Contingent status) for sale at the end of June 2009, a 9% increase over the inventory from May. At the current rate of sales over a 6-month period, this represents an inventory of 16.5 months for detached homes (a decline from 19.5 months as of last month), and 20.7 months for attached properties, a significant increase over the 16 months from May 2009. 

13 homes went pending in June (11 detached and \2 attached), 24% fewer than last month. 

As with any statistics, 1 month of numbers do not make a trend, so it is important to see what is happening over a period of time. One should not draw any firm conclusions regarding pricing because of the extremes in the Del Mar market - detached homes selling in excess of $9 million and condos selling for under $200K. The overall absorption of 16 or more months is fairly consistent with other affluent towns where the average home price exceeds $1 million.

READ MORE:

Del Mar Real Estate - Del Mar Market Report for May 2009

Del Mar Real Estate - Del Mar Market Report for April 2009

Del Mar Real Estate - Del Mar Market Report for March 2009 and Quarterly Overview

Oceanfront Property in Coastal North San Diego County - Del Mar

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Subscribe in a reader

If I can provide more information about Del Mar and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits