Del Mar Homes for Sale | Del Mar Real Estate - Del Mar Market Report for April 2011

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Del Mar Real Estate - Del Mar Market Report for April 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 April 2011 (the data are believed accurate but are not guaranteed, and do not include private sales). 

25 homes sold in the Del Mar real estate market in April, 79% more than in March, the 4th month of increased sales. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

25 (up 79%)

18 (up 50%)

7 (up 350%)

Average Price

$1,250,000 (down 12%)

$1,479,500 (down 3%)

$539,464 (down 32%)

Days on Market

66

96

93

Sale Price/List Price Ratio

 

93%

92%

93%

Overall sales volume rose significantly, especially for attached homes (7 vs. 2 last month). Average sales prices declined modestly, however, for detached homes but significantly so for attached.

There were 7 Del Mar homes on the market at the end of April 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. 

40 homes entered the Del Mar real estate market in April, about the same as in March (41).

There were 172 Del Mar homes for sale at the end of April, just 1 more than in March (1%). At the current rate of sales over a 6-month period, this represents an inventory of 13.2 months for detached homes (down from 15.9 last month), and 7.7 months for attached properties, down from 13.9 months at the end of March.

13 Del Mar homes went pending in April, just about half the number going pending in March (25).

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 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

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

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

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Rainmaker
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Gail C. Harris
Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD
Reach the BEACH with Gail C. Harris (cell: 703.868

This is wonderful news. I like to see the numbers when they go up. :) Gail

May 22, 2011 10:45 PM #1
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Jeff - I really need to follow your example and start putting links to previous posts into my blogs!

May 23, 2011 12:46 AM #2
Rainmaker
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Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

Nice to see the sales rise, I see the pricing is still coming down a bit.

May 23, 2011 01:39 AM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Gail - me too. Sellers like it as well - buyers will be happy with the average pricing. This is the type of community where things have been in flux given the high end nature of the area. We are still seeing price adjustments, especially at the high end.

Barbara-Jo - I like to do it to porivde readers other sources of related information.

Bob - yep, still adjusting, even the beach front property. But it IS selling, but taking some time and we are seeing price reductions, sometimes significant.

Jeff

May 23, 2011 03:05 PM #4
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Jeff Dowler, CRS

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