What’s the Value of My Del Mar Home?
Del Mar Home Sales for March 2025
Del Mar is a North San Diego County coastal community and one of the more expensive beach towns. According to the MLS the highest priced San Diego County property sold publicly was an oceanfront property in Del Mar (for a bit over $48,000,000 in 2007). The same home sold again in June 2020 for $43M.
Having up-to-date information on the local housing market conditions in Del Mar is important 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).
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Del Mar – Affluent Seaside Town (A Community Profile)
13 homes sold in Del Mar in March, substantially more than in February (6). Here's a summary of the housing activity:
Single Family Homes Sold
8 (up by 4); 26 Average Days on Market; The Average Sales Price was $5,103,151 (up 26%); Average Sales Price was 98% of original asking price.
Condos, Townhomes and Duplexes Sold
5 (up by 2); 9 Average Days on Market; Average Sales Price was $1,999,000 (up 12%); the Average Sales Price was 97% of the original asking price.
The overall volume of sales for March increased significantly from last month. There were 4 more single family detached home sales (double last month), and condo, townhome and duplex sales rose by 2 from last month. The average sales price increased significantly for single family homes from last month with 3 homes selling for over $3m. with 1 for $10,950,000. The average price for condos, townhomes and duplexes was also higher than in February. Sales prices for March ranged from $1,030,000 to $10,950,000.
Average marketing time was substantially shorter for single family homes than last month. The average marketing time for condos, townhomes and duplex declined by 2 days. 7 of the 13 sales (54%) went pending in 7 days or less.
The median price of $3,722,500 for single family detached homes was 2% lower than last month. In contrast, the median price for the condo, townhome and duplex sales was 46% higher at $2,190,000.
6 buyers paid asking price or higher, while the other 7 buyers negotiated their purchases down from list price.
There were no Del Mar homes on the market in March with an Active under Contract status, the same as in February.
26 new listings hit the market in March, up from 21 in February. 14 homes went pending (excluding homes that sold in March), compared to 7 last month. Home list prices ranged from $679,000 to $75,000,000.
The inventory remained about the same, with 47 listings compared to last month at 46. At the rate of sales over the last 3 months this represents a supply of 6.5 months for single family homes (down from 6.8 months last month), and 1.6 months for condos, townhomes and duplexes (up from 1.5 months last month).
The Del Mar housing market remains a balanced market for single family homes, but is a very strong seller’s market for condos, townhomes and duplexes.
Remember that with any statistic 1 month of data does not establish a trend. A more accurate picture will emerge when you watch the Del Mar real estate market over time, especially since market conditions tend to vary each month. One should not draw firm conclusions regarding pricing because of the 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 any questions. I’m happy to discuss your particular housing needs, lifestyle, timing and budget. Then we can develop a strategy to buy your new Del Mar home. I can also provide helpful market and equity information, as well as market preparation guidance, to help sell your Del Mar home if that is your goal.
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READ MORE:
What’s my Del Mar Home Worth? Del Mar Market Report for February 2025
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