Del Mar Market Update - June 25, 2012

By
Real Estate Agent with Coastal Premier Properties CA BRE# 01898756

The market has been relatively cool in the last few weeks, look for the Market Action Index to show a persistent shift before prices begin to move up.  The 90 day average around 19.0 again this week.  Inventory is tightening somewhat and prices have remained relatively flat for several recent now weeks.  Days on market is down to 179 from 200 earlier this year. Prices in this zip code haves moved lower over the last few weeks and this weeks action is roughly the same keeping us in that same zone.

 

 

Real-Time Market Profile for the Week of June 25, 2012

 

Median List Price - $1,755,000

 

Asking Price per Square Foot - $752

 

Average Days on Market (DOM) - 179

 

Percent Properties with Price Decrease - 27%

 

Percent Re-listed (reset DOM) - n/a

 

Percent Flip (price increased) - 1%

 

Median House Size (sq. ft.) - 2770

 

Median Lot Size - 1.0 - 2.50 acres

 

Median Number of Bedrooms - 4.0

 

Median Number of Bathrooms - 3.0

 

Market Action Index - 18.5 (Strong Buyers)

 

 

 

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