Del Mar Homes for Sale – Del Mar Real Estate Market Report for September 2011

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

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

24 homes sold in the Del Mar real estate market in September, 50% more than in August. Here's a summary of the activity: 

 

Total

Detached

Attached

# Sold

24 (up 50%)

19 (up 46%)

5 (up 67%)

Average Price

$1,228,645 (down 19%)

  $1,391,552 (down 16%)

  $609,600 (down 33%)   

Days on Market

84

82

92

Sale Price/List Price Ratio

92%

91%

93%

Overall sales volume shifted up fairly significantly, with a decrease in average sales prices across the board, the second month of decline for detached homes.

There were 5 Del Mar homes on the market at the end of September 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. 

29 homes entered the Del Mar real estate market in September, 4 fewer (down 12%) than in August. 15 Del Mar homes went pending in September, 3 less than in August.

There were 167 Del Mar homes for sale at the end of September, a downward shift by 7% from August. At the current rate of sales over a 6-month period, this represents an inventory of 7.5 months for detached homes (down from 8.8 last month), and 8.4 months for attached properties, the same as in August.

READ MORE: How Important is Inventory when Buying or Selling? Very!!  

As with any statistic, 1 month of numbers does not establish 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 August 2011

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

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Rainmaker
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Maggie McFarland
RE/MAX Pearland - Maggie McFarland - Pearland, TX
Pearland Realtor, Homes for Sale in Pearland Texas

Hi Jeff! Glad to see that Del Mar has seen an increase! Best of luck to you!

Oct 09, 2011 04:05 AM #1
Rainmaker
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jeff - Great real estate market report for Del Mar homes for sale.  Wow, $61M is definitely a hefty price tag, but I'm sure it's a magnificent home with a fantastic view.

Oct 09, 2011 12:56 PM #2
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