Del Mar, CA Market Report for the Week of November 19, 2012
The median list price in DEL MAR, CA this week is $2,291,500.
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 trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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