What’s the Value of My Del Mar Home?
Del Mar Home Sales for December 2024
Del Mar is a North San Diego County seaside community and one of the more expensive coastal towns. According to the MLS the most expensive San Diego County property sold publicly was in Del Mar (about $48,000,000 in 2007). That oceanfront property was sold again in June 2020 for $43M.
Having current information on the local housing market conditions in Del Mar is essential so that buyers and sellers can make informed decisions about Del Mar homes for sale. The information is from the MLS (the data are believed accurate at the time this report was written, but are not guaranteed, and do not include private/non-MLS sales).
READ MORE:
Del Mar – Affluent Seaside Town (A Community Profile)
8 homes sold in Del Mar in December, the same as in November. Here's a summary of the housing activity:
Single Family Homes Sold
8 (up by 2); 55 Average Days on Market; The Average Sales Price was $5,224,375 (up 19%); Average Sales Price was 86% of original asking price.
Condos, Townhomes and Duplexes Sold – NO sales
The overall volume of sales for December did not shift from last month. While there were 2 more single family detached home sales, there were no condo, townhome and duplex sales. The average sales price was higher for single family homes than last month, no doubt due in part to the sale of 2 homes at over $7M that raised the average. Sales prices for December ranged from $2,455,000 to $15,000,000.
Average marketing time was substantially longer for single family homes than last month. 2 of the single family homes went pending in under 8 days.
The median price for single family detached homes at $3,300,000 was 32% lower than last month. There were no condo, townhome or duplex sales.
All 8 buyers negotiated the purchase prices of their homes below list price.
There were no Del Mar homes on the market in December with an Active under Contract status, the same as last month.
There were 12 new listings in December, down by 1 from last month. 7 homes went pending (excluding homes that sold in December), compared to 10 last month. Home prices ranged from $899,000 to $75,000,000.
The inventory dropped from 33 listings last month to 25 (down 24%). At the rate of sales over the last 3 months this represents a supply of 3 months for single family homes (up from 2.8 months last month), and 1.5 months for condos, townhomes and duplexes (up from 1.3 months last month).
The Del Mar housing market remains a strong seller’s market for single family homes, and is a very strong seller’s market for condos, townhomes and duplexes with only 3 listings available.
Remember that with any statistic 1 month of data does not establish a trend. A more accurate picture results when you watch the Del Mar real estate market over time, especially since market conditions vary monthly. One cannot draw firm conclusions regarding pricing because of sales price extremes of Del Mar properties, especially at the higher price points, in addition to the limited number of sales.
Please reach out to me directly or by text at (760) 840-1360 with your questions. I’m happy to discuss your personal housing needs, lifestyle, timing and budget. With that information we can create a strategy to buy your new Del Mar home. I can also provide important market and equity information, and market preparation guidance, to help sell your Del Mar home if that is your plan.
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READ MORE:
What’s my Del Mar Home Worth? Del Mar Market Report for November 2024
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