Del Mar, CA Market Report for the Week of October 29, 2012
The median list price in DEL MAR, CA this week is $2,195,000.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Price
Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
CLICK HERE to download the full Del Mar, CA Market Report.
For more information about Del Mar, CA Single Family Homes, contact Maxine & Marti Gellens
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10 BEDS | 11 BATHS | 7,940 Sq Ft
Resting upon an elevated estate view lot, in a peaceful and private setting in the Covenant of Rancho Santa Fe, sits this majestic, gated Spanish home on over 4-acres. The residence is wonderful as-is or can be transformed to fulfill your most discriminating tastes. Overlooking the valley with vast views to the south, the pristine grounds include a resort-inspired pool & spa, palapa with an outdoor kitchen, tennis court with a viewing deck, detached guest/pool house, detached office, and a covered lanai off of the kitchen. Custom designed with a grand yet tranquil ambiance, the residence’s light and airy interior includes an impressive 2-story foyer, 6 en suite bedrooms, 8 full baths plus 3 powder rooms, beautiful living and entertaining areas with soaring ceilings, and a generous cook’s kitchen with 2 islands, a breakfast area, wine refrigerator, and an abundance of cabinetry. Close yourself off from the world in the sumptuous, main floor master retreat offering a beautiful rotunda entry, an office with a powder room, a sitting room with a fireplace, and a bonus room perfect for a nursery, exercise room or whatever best suits your needs. Expansive and light-filled, the breathtaking bath boasts his-and-hers walk-in closets, water closets and vanities. French doors open onto a tranquil garden patio leading to the detached home office. Take the graceful, curved stairwell to the upper level where you will find 3 exceptional bedroom suites, an exercise room plus a cigar room/library, which could be an additional bedroom suite. Parking is a breeze with garages for 5 vehicles, as well as more than ample off-street parking. With an amazing Covenant location, privacy and views…this exceptional entertainer’s estate has it all!
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NEWLY LISTED!
835 Midway Street
La Jolla, CA 92037
3 BED | 1 BATH | 1,190 sqft
List Price $1,595,000
Incredible opportunity to purchase this bright, charming, single-level, Bird Rock beach cottage with tons of outdoor space and plenty of room to expand. The large, wraparound yard is perfect for entertaining or relaxing with family and friends. 3rd bedroom doesn’t have a closet. The desirable location allows for easy access to Bird Rock Elementary, beaches, Gelson’s Market, Turquoise Street shops and restaurants, as well as everything Bird Rock has to offer! Renderings for expansion are available. CALL 858-551-6630 for more info or to schedule a showing. Virtual Slideshow —-https://bit.ly/3crPgFG