KYLE STANLEY

Ranch & Coast Experts!

(619) 757-5169
Kyle@DelMarRealtyPartners.com

Low Inventory in Carmel Valley

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THIS WEEK
The median list price in SAN DIEGO, CA 92130 this week is $1,475,000.

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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

PRICE
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

MARKET ACTION INDEX (MAI)
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Rancho Santa Fe Days-On-Market are Trending Down

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THIS WEEK
The median list price in RANCHO SANTA FE, CA 92067 this week is $2,965,000.

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

SUPPLY AND DEMAND
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

PRICE
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

MARKET ACTION INDEX (MAI)
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Del Mar Home Sales are Exceeding New Inventory

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THIS WEEK
The median list price in DEL MAR, CA 92014 this week is $2,410,000.

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
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

PRICE
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

MARKET ACTION INDEX (MAI)
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Carmel Valley Prices are Likely to Resume Upward Climb

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THIS WEEK
The median list price in Carmel Valley, CA 92130 this week is $1,385,000.

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
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

PRICE
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

MARKET ACTION INDEX (MAI)
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Rancho Santa Fe Inventory is Growing

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THIS WEEK
The median list price in Rancho Santa Fe, CA 92067 this week is $2,990,000.

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
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

PRICE
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels

MARKET ACTION INDEX (MAI)
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Del Mar Sales Demand Increasing Faster than Inventory

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THIS WEEK
The median list price in Del Mar, CA 92014 is $2,497,000.
With Inventory trending up but days-on-market trending down and the Market Action Index (MAI) essentially flat recently, conditions do not seem to have strong up or down pull for the Del Mar real estate market.

SUPPLY AND DEMAND
The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the Market Action Index sustains its upward trend and maybe not until inventory is depleted enough to create a seller’s market.

PRICE
Del Mar real estate prices have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Del Mar Realty Partners

Kyle Stanley - Broker/Associate
(619) 757-5169

BRE Lic. No. 01858490

WHAT WE DO

White glove representation of luxury home buyers and sellers in Del Mar, Carmel Valley, Rancho Santa Fe, Solana Beach, Encinitas, Carlsbad, La Jolla and other fine communities in San Diego.

Rancho Santa Fe's premiere equestrian estates/facilities experts!

Professional services includes Del Mar & Solana Beach vacation rentals plus luxury race track season beach homes and condos.