Del Mar Homes for Sale – Del Mar Real Estate Market Report for October 2011
Del Mar is a small coastal town in North San Diego County and one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has the most expensive home for sale in San Diego County (at $61M), 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 make informed decisions about buying and selling Del Mar homes. Here are the statistics obtained from the MLS for Del Mar for October 2011 (the data are believed accurate but are not guaranteed, and do not include private sales).
14 homes sold in the Del Mar real estate market in October, 42% fewer than in September. Here's a summary of the activity:
|
|
Total |
Detached |
Attached |
|
# Sold |
14 (down 42%) |
11 (down 42%) |
3 (down 40%) |
|
Average Price |
$1,310,571 (up 7%) |
$1,474,909 (up 7%) |
$708,000 (up 16%) |
|
Days on Market |
99 |
102 |
88 |
|
Sale Price/List Price Ratio |
92% |
91% |
94% |
Overall sales volume shifted down fairly significantly, but with an increase in average sales prices across the board.
There were 4 Del Mar homes on the market at the end of October 2011 with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders, 3% of the total number of homes for sale). These are included in the overall Active statistics below.
31 homes entered the Del Mar real estate market in October, 2 more (7%) than in August. 9 Del Mar homes went pending in October, 6 fewer than in September.
There were 159 Del Mar homes for sale at the end of October, a downward shift by 5% from September, the second month of inventory decline. At the current rate of sales over a 6-month period, this represents an inventory of 8 months for detached homes (up from 7.5 last month), and 9.5 months for attached properties, up from 8.5 months in September.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
As with any statistic, 1 month of numbers does not establish 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, as well as the fairly small number of sales.
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READ MORE:
Del Mar Homes for Sale | Del Mar Real Estate Market Report for September 2011
Del Mar Homes for Sale | Del Mar Real Estate Market Report for August 2011
Del Mar Homes for Sale | Del Mar Real Estate Market Report for July 2011
Del Mar Homes for Sale | Del Mar Real Estate Market Report for June 2011
Del Mar Homes for Sale | Del Mar Real Estate Market Report for May 2011
Del Mar Homes for Sale | Del Mar Real Estate Market Report for April 2011
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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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Hi Jeff,
Great post...thanks for sharing! Best wishes for continued success.
Happy Thanksgiving!
Jeff, nice market report...I hope you and yours have a wonderful holiday season!
Jeff, some real estate in Del Mar and it must be breathtaking to have some of those oceanfront homes...real estate sells in all kinds of climates & economic conditions...have a wonderful holiday.