DEL MAR Market Report for the Week of July 15, 2013
The median list price in DEL MAR, CA this week is $1,997,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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For more information about single family homes in DEL MAR, contact Maxine Gellens.
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