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

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

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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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

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Rainmaker
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Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Jeff--Great report for Del Mar residents!

Nov 18, 2009 10:29 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks, Teri. Good to see you around. The Del Market is an interesting one becuase of the small size, but the diversity, and pricing, of homes. You can get a 1 BR condo (REO) under $300K or pay over $6000/SF for an oceanfront home.

Jeff

Nov 18, 2009 10:42 AM #2
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