Del Mar real estate market review for 2010. As the economy continues to improve and people feel better about keeping their job, home purchasing activity will rise and so will the value of property....stay tuned. Locally, the key metrics below will provide some insight into the Del Mar single family home, condo/townhome market and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:
Del Mar Single Family Homes
- January, 2011: Del Mar Homes for Sale: 164 (Active, contingent, and pending)
- January, 2011: Del Mar Months of Inventory: 17.9
- December, 2010: Del Mar Median Home Price $1,242,000; 4% lower than December, 2009
- December, 2010: Del Mar Homes Sold: 5; 62% lower than December, 2009
Del Mar Condos and Townhomes
- January, 2011: Del Mar Condos for Sale: 50 (Active, contingent, and pending)
- January, 2011: Del Mar Months of Inventory (Condos): 11.6
- December, 2010: Del Mar Median Condo Price: $515,000; 38% lower than December, 2009
- December, 2010: Del Mar Condos Sold: 1; 80% lower than December, 2009
This snapshot is a quick summary from The Del Mar Real Estate Report, a free 23 page real estate market report covering all cities in the North County of San Diego. Feel free to browse the current issue and subscribe to The Del Mar 2-4 Unit Real Estate Report any time.
Thank you for reading!
Stephen MacLeod
Broker/Owner
Highland Realty
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