Del Mar, CA Market Report for August 1st, 2012
The median list price in DEL MAR, CA this week is $1,960,000.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Price
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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Sold in less than 2 weeks of hitting the market. The Real Estate Market is Hot, Hot, Hot!
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With Interest Rates so low this could be a great opportunity to enter the Downtown Real Estate Market
FOR SALE!
702 Ash St # 407
San Diego CA 92101
1 BED | 1 BATH | 782 sq ft
List Price $ 375,000
The ultimate urban lifestyle awaits from this chic, corner-unit condominium in the iconic El Cortez. Light-filled and lovely, the beautifully remodeled interior includes 1 generously-sized bedroom, 1 bath, city views, newer carpet, in-unit laundry, and a gorgeous granite kitchen with newer vinyl flooring and stainless appliances. El Cortez is a historically designated building whereby owners can benefit from the Mills Act property tax reduction. Community amenities include: 24-hour parking attendant, fitness center, an expansive common area terrace pool and spa, as well as on-site management. The ideal downtown locale provides convenient access to a wide variety of shops and eateries, Petco Park, the Gaslamp Quarter, freeways, Balboa Park, and Little Italy. Call our office for more information or to schedule a showing 858-551-6630
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