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

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Del Mar Real Estate Market Report for June 2011

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

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 June 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 June, 11% more than in May. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

20 (up 11%)

17 (up 21%)

3 (down 25%)

Average Price

$1,242,695 (down 18%)

$1,379,052 (down 23%)

$470,000 (up 10%)

Days on Market

91

103

27

Sale Price/List Price Ratio

94%

93%

98%

Overall sales volume rose, in particular for detached homes, but declined by 1 for attached homes. Average sales prices also decreased for detached homes, but increased for attached homes.

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

39 homes entered the Del Mar real estate market in June, about 26% fewer than in May.

There were 193 Del Mar homes for sale at the end of June, up by 10% from May's inventory. At the current rate of sales over a 6-month period, this represents an inventory of 11.5 months for detached homes (down from 11.7 last month), and 8.4 months for attached properties, up from 7.9 months at the end of May.

11 Del Mar homes went pending in June, less than half the number going pending in May (23, down 52%).

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

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READ MORE: 

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

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Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Del Mar CA must have gorgeous homes and it's a much better market than our waterfront in RI if I were comparing them!  But there is nothing like being near the water especially this time of year...thanks Jeff

Jul 04, 2011 11:33 PM #1
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