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

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Del Mar Real Estate Market Report for September 2010

Del Mar's North Beach (a.k.a.Dog Beach)

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 $61M and $39M), 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 September 2010 (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 September, over twice the number sold in August. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

 18 (up 125%)

 14 (up 133%)

 4 (up 100%)

Average Price

 $1,462,333 (up 52%)

 $1,805,500 (up 70%)

 $261,250 (down 60%)

Days on Market

99

101

91

Sale Price/List Price Ratio

95%

93%

101%

 Overall sales volume rose dramatically over the prior month. Average sales prices shifted upwards significantly as well after a decline last month. 12 of the 14 detached homes sold were over $1.2 million (4 were in excess of $2M).

There were 9 Del Mar homes on the market at the end of September with a Contingent status, 1 less than in August (i.e., homes with offers being reviewed by short sale and REO lenders, 5% of the total number of homes for sale). These are included in the overall Active statistics below. 

45 homes entered the Del Mar real estate market in September, an increase of 29% over last month. 

There were 198 Del Mar homes for sale at the end of September, about 8% more than in August. At the current rate of sales over a 6-month period, this represents an inventory of 17 months for detached homes (compared to 17.1 last month), and 10.7 months for attached properties, down from 11.1 months as of the end of August. 

Only 2 Del Mar homes went pending in September, as compared to 15 in August (a decrease of 87%). 

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, however there are some encouraging numbers regarding a more stable inventory with fairly consistent sales. 

READ MORE:   

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

Del Mar Homes for Sale - Del Mar Real Estate Market Report for July 2010 

Del Mar Homes for Sale - Del Mar Real Estate Market Report for June 2010  

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

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

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

 

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Rainmaker
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Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Jeff it soulds like sales were up slightly but inventory is growing fast.

Oct 08, 2010 12:42 AM #1
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