DEL MAR, CA Market Report for the Week of May 6, 2013

Del Mar Community, News | 7th May 2013

The median list price in DEL MAR, CA this week is $2,195,000.

Inventory and days-on-market are both trending higher recently.

However, the improving Market Action Index implies some

increased demand will temper the negative trends.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Price

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

CLICK HERE to download the full market report for DEL MAR,CA.

For more information about single family homes in DEL MAR,CA contact Maxine Gellens.

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices Maxine & Marti Gellens, Berkshire Hathaway HomeServices is in La Jolla.

24 hours ago

Happy Thanksgiving 🍁🍽🦃 We are grateful for our clients, colleagues, friends and family.

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices

2 days ago

Low inventory with high buyer demand makes for rising home
prices!
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San Diego home prices going up 3rd fastest in nation at rates not seen since 2014

www.sandiegouniontribune.com

San Diego continues to outperform most of the nation in price acceleration

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices Maxine & Marti Gellens, Berkshire Hathaway HomeServices is in Encinitas, California.

3 days ago

We’re getting our clients top dollar for their properties. We had 40 offers, countered the top 8 and opened escrow today on this amazing opportunity in Encinitas. If you’re considering selling, contact us! We’ll share our strategy on how we can deliver the same superior service for you.

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DEL MAR, CA Market Report for the Week of May 6, 2013