Del Mar, CA, Market report for the Week of January 14, 2013

Del Mar Community, News | 19th Jan 2013

The median list price in DEL MAR, CA this week is $2,614,950.

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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Price

This week’s bump in median price bucks the recent downward trend. The Market Action Index is a good leading indicator for whether this change establishes a trend.

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For more information about Del Mar real estate and homes, CLICK HERE to speak with Maxine Gellens.

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices Maxine & Marti Gellens, Berkshire Hathaway HomeServices is at Petco Park.

2 days ago

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

3 days ago

Our teammate, Kate, just sold this fantastic view home in the La Jolla Country Club Neighborhood! Very happy for her and her clients!

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

4 days ago

We are so happy Broker Caravan is back and we can preview properties for our clients. It’s also nice to physically see and visit with our agent colleagues. Maxine sold this house many years ago and it was fun to see it again.

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Del Mar, CA, Market report for the Week of January 14, 2013