Del Mar, CA Market Report for the Week of November 5, 2012
The median list price in DEL MAR, CA this week is $2,288,000.
Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Price
Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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For more information about Del Mar, CA Single Family Homes, contact Maxine & Marti Gellens
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Enjoy sophisticated modern flair with this custom home in the coveted guard-gated community of The Bridges. Set upon a beautifully landscaped, 0.8-acre parcel on a cul-de-sac creating a very private setting with no neighbor behind you. Ideally designed to embrace indoor-outdoor living with a gorgeous, gated entry courtyard, an expansive lanai with a fireplace inviting al fresco dining, and a tranquil backyard highlighted by an infinity-edge pool, spa, outdoor fireplace and plenty of space for lounging. Call us to schedule a private showing.
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