KYLE STANLEY

Ranch & Coast Experts!

(619) 757-5169
Kyle@DelMarRealtyPartners.com

Del Mar Real Estate Market Conditions

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THIS WEEK

The median list price in Del Mar, CA 92014 is $2,795,000.
Inventory is up and the Market Action Index (MAI) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit for the Del Mar real estate market.

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

We continue to see Del Mar real estate prices bounce around this plateau. Look for a persistent downward in the Market Action Index before we see prices deviate from these levels.

MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Del Mar home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.

For additional information please call Chris & Kyle at (858) 213-9999. Thank you!

2015 San Diego Real Estate Sales

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The below chart represents sales in San Diego’s North County Coastal which includes everything from Carlsbad down to La Jolla.

The 2015 annual sales and median sale prices looked pretty good. Declining sales are the precursor of a downturn, but only Carmel Valley has a noticeable drop.

There are more new homes for sale than ever in Carmel Valley, and those aren’t all reported as closed sales on the MLS. They have to be soaking up some of the demand for resales:

Although Rancho Santa Fe sale increased from 2014 to 2015, Del Mar experienced a slow down and now has a inventory shortage!

Rancho Santa Fe Home Sales have begun Exceeding New Inventory

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THIS WEEK

The median list price in Rancho Santa Fe, CA 92067 is $3,288,000.
Inventory is tightening and days-on-market is falling. Demand as measured by the Market Action Index (MAI) is also trending downward. The Rancho Santa Fe real estate market is not giving strong up or down signals from this data.

SUPPLY AND DEMAND

Rancho Santa Fe 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

Rancho Santa Fe real estate prices seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices move from these levels.

MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Rancho Santa Fe home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.

Del Mar Home Prices are Close to Previous Peaks

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THIS WEEK

The median list price in Del Mar, CA 92014 is $2,745,500.
Inventory has been lightening lately and the Market Action Index (MAI) has been trending up. Though days-on-market is increasing, these are mildly positive indications for the Del Mar real estate market.

SUPPLY AND DEMAND

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the MAI for changes as it can be a leading indicator for price changes.

PRICE

Del Mar real estate median prices haven’t moved much in the last few weeks, we are relatively close to the market’s high water mark. Watch for a persistent downward shift into the buyer’s zone as a leading indicator of the price strength subsiding.

MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Del Mar home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.

Prices have Settled in Del Mar

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THIS WEEK
The median list price in Del Mar, CA 92014 is $2,936,500.

The Market Action Index (MAI) has been trending down lately while days-on-market is climbing, providing mostly bearish signs for the Del Mar real estate 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
Del Mar real estate prices seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices move from these levels.

MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Del Mar home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.

Buyers Have a Strong Position in Rancho Santa Fe!

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THIS WEEK
The median list price in Rancho Santa Fe, CA 92067 is $3,236,500.

Even though the days-on-market is trending higher, so is the Market Action Index (MAI) at these inventory levels, providing a neutral outlook for the Rancho Santa Fe real estate market.

SUPPLY AND DEMAND
The MAI 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 a downward pressure on pricing. If you’re considering purchasing property in Rancho Santa Fe now may be an excellent time!

PRICE
Rancho Santa Fe real estate prices seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices move from these levels.

MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Rancho Santa Fe home sales versus the amount of inventory. Index above 30 implies seller 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.