DEL MAR, CA Market Report for the Week of August 10, 2013
The median list price in DEL MAR, CA this week is $1,950,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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For more information about single family homes in DEL MAR, CA contact Maxine Gellens.
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