Del Mar, CA Market Report for the Week of December 3, 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.
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
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For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens