Del Mar, CA Market Report Summary for the week of July 30, 2012

The median list price in DEL MAR, CA this week is $2,027,806.

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.

Prices

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.

Click here to download the full Del Mar, CA Market Report.

For more information about Del Mar, CA Single Family Homes, contact Maxine & Marti Gellens