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Del Mar, CA Market Report for the Week of December 3, 2012

News | 6th Dec 2012

The median list price in DEL MAR, CA this week is $2,495,000.

Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

Supply and Demand

In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Price

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

CLICK HERE to download the full Del Mar, CA Market Report.

For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens

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