Del Mar Homes for Sale – Del Mar Market Report for July 2011

Del Mar Homes for Sale - Homes for Sale in Del Mar

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 July 2011 (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 July, the same as in June. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

20 (no change)

15 (down 12%)

5 (up 67%)

Average Price

$1,670,022 (up 34%)

$2,056,013 (up 49 %)

$512,050 (up 9%)

Days on Market

91

103

27

Sale Price/List Price Ratio

94%

93%

98%

Overall sales volume did not change but decline slightly for detached homes and rose for attached, in particular for detached homes. Average sales prices rose fairly significantly especially for detached homes.

There were 4 Del Mar homes on the market at the end of July 2011 with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders, 2% of the total number of homes for sale). These are included in the overall Active statistics below. 

23 homes entered the Del Mar real estate market in July, about 41% fewer than in June, another decline.

There were 175 Del Mar homes for sale at the end of July, down by 9% from June’s inventory. At the current rate of sales over a 6-month period, this represents an inventory of 9.2 months for detached homes (down from 11.5 last month), and 7.6 months for attached properties, down from 7.4 months at the end of June.

19 Del Mar homes went pending in July, 72% more than the number going pending in June (11).

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, as well as the fairly small number of sales. 

SEARCH FOR DEL MAR HOMES FOR SALE

SEARCH FOR DEL MAR BEACH COLONY HOMES FOR SALE

 

READ MORE: 

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

Del Mar Homes for Sale | Del Mar Real Estate Market Report for March 2011

Del Mar Homes for Sale | Del Mar Real Estate Market Report for February 2011

Del Mar Homes for Sale | Del Mar Real Estate Market Report for January 2011

Del Mar Homes for Sale | Del Mar Real Estate Market Report for December 2010

 

My Jeff Dowler signature

 

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

365 Things to Do in Carlsbad (and Nearby) on Facebook   Lifestyle Search on AtHomeInCarlsbad.com - Jeff Dowler

Jeff Dowler's Flickr Profile  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile  Jeff Dowler's StumbleUpon Profile  Jeff Dowler's Twitter Profile  Jeff Dowler's Friendfeed ProfileSubscribe to this blog Jeff Dowler's LinkedIn Profile


Follow Me on Pinterest

Click to Search for All San Diego Homes          First Time Home Buyer Central Website          Relocation A to Z blog

Home Owner's Short Sale Guide

 

   Southern California Chapter of Certified Residential Specialists (CRS)

 My New Brokerage - Solutions Real Estate in Carlsbad CA

 

ALL ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE

 

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

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, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

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

 
This post has been included in California Real Estate News San Diego County, CA Real Estate News Del Mar, CA Real Estate News
Post is included in group: CALIFORNIA REAL ESTATE
Post is included in group: HyperLocal Neighborhood and Community Posts
Post is included in group: Local Expert
Post is included in group: Market Updates
Post is included in group: Posts to Localism

5 Comments on Del Mar Homes for Sale – Del Mar Market Report for July 2011

AUG
05
2011
427,245 Points 2 Featured Posts

Nice report.

Great looking homes.

Good luck with these props.
10:26am • #1
1,091,520 Points 201 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Good Morning Jeff, The statistics are always enlightening to track. I received my Altos monthly report and it  seems to be tending positive based on market mix at least more than others I have been seeing. Hopefully with the slower market that everyone seems to be reporting that the numbers can hold up.

11:05am • #2
639,267 Points 39 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

☂ Jeff, I can't even imagine a home selling for $48 million.  Wowsy!  But then again look at those average prices...  Amazes me that the market for high end homes is as strong as it is in your area.  Our higher end properties here in the Raleigh/Cary area (albeit not nearly near the prices in Del Mar) haven't done as well.  It's actually a phenomenal time to purchase around the million dollar mark - there's some fantastic deals here!  Thanks for sharing your stats with us. 
Pamela
11:08am • #3
989,508 Points 49 Featured Posts Outside Blog Called Shot Master

Jeff - The overall numbers in Del Mar seem to be great.
11:37am • #4
AUG
06
2011
1,262,395 Points 2 Featured Posts Outside Blog Hit Router

Jeff

Nice market report on Del mar and nice comminity profile as well.
6:39pm • #5


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Jeff_prof Ambassador_large

Jeff Dowler ~ Carlsbad Homes for Sale ~ 760-840-1360

Jeff Dowler

Carlsbad, CA

More about me…

Solutions Real Estate (CA DRE Lic. # 01490977)

Address: 6005 Hidden Valley Road, Suite 280, Carlsbad, CA, 92011

Office Phone: JUSTMYCELL

Cell Phone: (760) 840-1360

Email Me

 Subscribe in a reader


HOW TO USE MY BLOG (video)


Get Follow Me Buttons

Btn_blue_122x44


Feedjit Live Blog Stats




Locations of visitors to this page
Jeff Dowler's Profile
Jeff Dowler's Facebook profile
Create Your Badge
Get great free widgets at Widgetbox!

DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.


Listings

Links

Archives

RSS 2.0 Feed for this blog