Del Mar Homes for Sale - Del Mar Real Estate Market Report for August 2011

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

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

16 homes sold in the Del Mar real estate market in August, 20% fewer than in July. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

16 (down 20%)

13 (down 13%)

3 (down 40%)

Average Price

$1,516,613 (down 9%)

$1,655,832 (down 19%)

$913,333 (up 78%)

Days on Market

87

90

78

Sale Price/List Price Ratio

91%

92%

88%

Overall sales volume shifted down fairly significantly, with a decline in average sales prices for detached home.

There were 5 Del Mar homes on the market at the end of August 2011 with a Contingent status (i.e., homes with offers being reviewed by short sale and REO lenders, 2% of the total number of homes for sale). These are included in the overall Active statistics below. 

33 homes entered the Del Mar real estate market in August, a 43% increase over July.

There were 177 Del Mar homes for sale at the end of August, 2 more than in July. At the current rate of sales over a 6-month period, this represents an inventory of 8.8 months for detached homes (down from 9.2 last month), and 8.4 months for attached properties, down from 7.6 months at the end of July.

18 Del Mar homes went pending in August, about the same as last month (1 less).

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 July 2011

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

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California San Diego County
Groups:
Posts to Localism
CALIFORNIA REAL ESTATE
Market Updates
Local Expert
Tags:
del mar real estate
market reports
del mar homes for sale
homes for sale in del mar

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
530,741
Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

We have also noticed a bit of a slow down over the past month or two.  The market sure has been literally like a rollar coaster ride-- day to day

Sep 07, 2011 06:09 AM #1
Ambassador
1,027,261
Robert and Lisa Hammerstein -201-315-8618
Keller Williams Valley Realty - Hillsdale, NJ
Bergen County NJ Real Estate

Another beautifully executed post of information for your customers.  You shine as an expert in your area!

Sep 07, 2011 12:56 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,968,266

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information