What’s the Value of My Del Mar Home?
Del Mar Home Sales for January 2025
Del Mar is a North San Diego County seaside community and one of its more expensive coastal towns. According to the MLS the highest priced San Diego County property sold publicly was in Del Mar (for a little over $48,000,000 in 2007). That oceanfront property sold again in June 2020 for $43M.
Having up-to-date information on the local housing market conditions in Del Mar is important in order for buyers and sellers to make educated 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)
13 homes sold in Del Mar in January, 5 more than in December. Here's a summary of the housing activity:
Single Family Homes Sold
6 (down by 2); 34 Average Days on Market; The Average Sales Price was $3,617,083 (down 31%); Average Sales Price was 100% of original asking price.
Condos, Townhomes and Duplexes Sold
7 (versus 0 last month); 19 Average Days on Market; Average Sales Price was $1,869,824; the Average Sales Price was 101% of the original asking price.
The overall volume of sales for January increased from last month. While there were 2 fewer single family detached home sales, condo, townhome and duplex sales improved from 0 last month to 7 sales in January. The average sales price was lower for single family homes than last month, no doubt due in part to the sale of 2 homes last month at over $7M that raised the average. Sales prices for January ranged from $915,000 to $5,075,000.
Average marketing time was substantially shorter for single family homes than last month. 4 homes went pending in under 1 week.
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 last month for comparison but the median price was $2,087,769 for January.
7 of the 13 buyers (54%) paid asking price or more for the new homes.
There were no Del Mar homes on the market in January with an Active under Contract status, the same as last month.
There were 18 new listings in January, up by 6 from last month. 6 homes went pending (excluding homes that sold in January), compared to 7 last month. Home prices ranged from $869,000 to $75,000,000.
The inventory dropped just slightly from 33 listings last month to 32 in January. At the rate of sales over the last 3 months this represents a supply of 4.1 months for single family homes (up from 3 months last month), and 1.7 months for condos, townhomes and duplexes (up from 1.5 months last month).
The Del Mar housing market is a seller’s market for single family homes, and a very strong seller’s market for condos, townhomes and duplexes with 5 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 tend to vary each month. One cannot draw firm conclusions regarding pricing because of the sales price extremes of Del Mar properties, especially at 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 any questions. I’m happy to discuss your particular housing needs, lifestyle, timing and budget. With that information we can develop a strategy to buy your new Del Mar home. I can also provide important market and equity information, as well as market preparation guidance, to help sell your Del Mar home if that is your desire.
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READ MORE:
What’s my Del Mar Home Worth? Del Mar Market Report for December 2024
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