What’s the Value of My Del Mar Home?
Del Mar Home Sales for May 2025
Del Mar is a small seaside town and one of the more expensive communities in North San Diego County. The highest priced San Diego County property sold publicly, according to the MLS, was an oceanfront estate in Del Mar (for slightly over $48,000,000 in 2007). The home was sold again in June 2020 for $43M.
It's essential that buyers and sellers have up-to-date information on local housing market conditions in Del Mar in order to make educated decisions about Del Mar homes for sale. The information in this report is from the MLS (the data are believed to be 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)
9 homes sold in Del Mar in May, compared to 17 in April. Here's a summary of the housing activity:
Single Family Homes Sold
6 (down by 9); 21 Average Days on Market; The Average Sales Price was $3,525,833 (up 8%); Average Sales Price was 96% of the original asking price.
Condos, Townhomes and Duplexes Sold
3 (up by 1); 14 Average Days on Market; Average Sales Price was $2,678,333 (up 74%); the Average Sales Price was 94% of the original asking price.
The overall volume of sales for May decreased substantially from last month. There were 9 fewer single family detached home sales, while condo, townhome and duplex sales rose by 1 from April. The average sales price increased for single family homes from last month. The average price for condos, townhomes and duplexes was significantly higher than in April. Sales prices for May ranged from $1,525,000 to $5,850,000.
Average marketing time was shorter for single family homes than last month as it also was for condos, townhomes and duplexes. 5 of the 9 sales (56%) went pending in 8 days or less.
The median price of $3,140,000 for single family detached homes was 11% higher than last month. The median for the condos, townhomes and duplexes, $2,360,000, was higher than last month.
3 buyers paid asking price or higher, while 6 of the 9 buyers negotiated their purchase prices down from the asking price.
There were 3 Del Mar homes on the market in May with an Active under Contract status, compared to none in April.
21 new listings came on the market in May, down from 28 in April. 8 homes went pending (excluding the homes that sold in May), compared to 6 last month. Home list prices ranged from $675,000 to $75,000,000.
The inventory remained the same with 63 listings like last month. At the rate of sales over the last 3 months this represents a supply of 4.6 months for single family homes (down from 4.9 months last month), and 5.7 months for condos, townhomes and duplexes (the same as last month).
The Del Mar housing market shifted from a balanced market to a seller’s market for single family homes, but is a balanced market for condos, townhomes and duplexes!
Keep in mind that with any statistic 1 month of data does not create a trend. A more accurate picture emerges when you look at 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 a limited number of sales.
Please reach out to me directly or via text at (760) 840-1360 with your questions. I’m happy to discuss your particular housing needs, lifestyle, timing and budget. Then we can create a strategy to buy your new Del Mar home. I can also provide useful market and equity information, plus 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 April 2025
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