What’s My Del Mar Home Worth? Del Mar Real Estate Market in April 2022

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What’s the Value of My Del Mar Home?

Del Mar Home Sales for April 2022

 

Del Mar Beach Colony oceanfront homeDel Mar is a small coastal town in North San Diego County, and one of the more expensive communities along the beach. The most expensive property sold publicly in the MLS in San Diego County was in Del Mar (around $48,000,000 in 2007), which sold again, for $43M, in April 2020.

 

Up to date information on Del Mar housing market conditions is important so buyers and sellers can make informed decisions about Del Mar homes for sale. These statistics were obtained from the MLS (the data are believed accurate at the time this report was compiled, but are not guaranteed, and do not include private/non-MLS sales). 

 

READ MORE:

 Del Mar – Affluent Seaside Town (A Community Profile)

 

15 homes sold in Del Mar in April, down 25% from the 20 sales last month. Here's a summary of the activity:

Single Family Homes Sold
8 (down by 6); 10 Average Days on Market; Average Sales Price $4,109,875 (down 19%); Average Sale Price was 97% of original asking price

Condos, Townhomes and Duplexes Sold
7 (up by 1); 4 Days on Market; Average Sales Price was $1,424,285 (down 10%); the Average Sale Price was 107% of original asking price.

 

Overall sales for April dropped significantly from last month, with fewer single family detached homes sales but 1 more condo and townhome sale. The average sales price was lower for single family homes compared to last month, as well as for condos and townhomes. Sales prices ranged from $570,000 to $8,700,000.

 

Average marketing time was significantly shorter for single family homes, as well as for condos, townhomes and duplexes. Buyers should be prepared to make decisions quickly - 73% of the homes sold in 1 week or less.

 

The median price for single family detached homes at $3,125,000 was 20% lower than last month. The median sales price for the condo and townhome sales was $1,500,000 (up by 1%).

 

Del MAr condos neara the beach

 

Some buyers negotiated the original list price of their home purchases. However, 8 (53%) ended up paying more than asking price.

 

In April there was 1 Del Mar home on the market with an Active under Contract status, the same as last month.

 

The number of new listings in April dropped from 17 last month to 12. There were 11 homes that went pending (excluding homes that sold in April), compared to 12 last month.

 

The inventory was modestly higher than last month with 25 homes for sale. At the rate of sales over the last 3 months, this represents an inventory of 2 months for single family homes (up from 1.4 months last month), and only 11 days for condos, townhomes and duplexes (there are only 2 listings as of this writing).

 

The Del Mar housing market continues to be a very strong seller’s market for single family homes, and particularly so for condos, townhomes and duplexes.

 

Remember that with any statistic 1 month does not establish a trend. A better picture will come from watching the Del Mar housing market over time, especially since market conditions continue to shift. One cannot draw firm conclusions regarding pricing because of the extremes in sales prices of Del Mar properties, especially the higher price points, as well as a fairly limited number of sales.

 

Please reach out to me at (760) 830-1360 with any questions. I’m happy to discuss your personal housing needs, lifestyle, and budget, so we can create a plan to purchase your new Del Mar home, and/or provide the necessary market and equity information and market preparation guidance to help sell your Del Mar home.

 

Search for Del Mar Homes for Sale

 

READ MORE:

What’s my Del Mar Home Worth? Del Mar Real Estate Market Report March 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (7)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff you know I have a soft spot for Del Mar.... my license plate holder is : Where the Surf Meets the Turf":) Endre

May 15, 2022 10:46 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

We see a lot of those around here Endre Barath, Jr.  The races are coming in July!

Jeff

May 16, 2022 08:21 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home sellers are in very good hands when they seek your professional real estate advice and assistance.

May 16, 2022 08:25 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the kind words and encouragement Roy Kelley 

Hope all is well.

Jeff

May 16, 2022 02:16 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Del Mar home buyers and sellers are sure to value your real estate market report, Jeff.

May 16, 2022 08:10 PM
Cara Marcelle Mancuso
Golden Girls with SW Desert Homes - Tucson, AZ
Call a Marana neighbor, I'm THERE!

Those home values are simply amazing.  I think the most expensive home to sell in our area was $6,900,000.  Local home reports are very helpful for buyers looking at home values around the USA.  Thank you for your report.

May 17, 2022 10:43 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for stopping by Cara Marcelle Mancuso They are useful for buyers, and sellers, but also agents! I enjoy learning about RE in other parts of the country.

Jeff

May 17, 2022 02:08 PM