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KYLE STANLEY

Ranch & Coast Experts!

(619) 757-5169
Kyle@DelMarRealtyPartners.com

Del Mar Home Sales are Exceeding New Inventory

03/24/2016 by admin Leave a Comment

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.

Filed Under: Beach Colony, Buyers, Del Mar, Del Mar Heights, Del Mar Terrace, Inventory, Market Trends, Olde Del Mar, Real estate, Sellers Tagged With: del, estate, home, inventory, mar, market, real, sales, trends

Del Mar Sales Demand Increasing Faster than Inventory

03/14/2016 by admin Leave a Comment

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.

Filed Under: Beach Colony, Buyers, Del Mar, Del Mar Heights, Del Mar Terrace, Inventory, Market Trends, Olde Del Mar, Real estate, Sellers Tagged With: 92014, del, estate, homes, inventory, mar, real, sales

Days-on-Market in Del Mar is Trending Lower

02/16/2016 by admin Leave a Comment

THIS WEEK

The median list price in Del Mar, CA 92014 is $2,640,000.

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.

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

Filed Under: Beach Colony, Del Mar, Del Mar Heights, Del Mar Terrace, Olde Del Mar, Real estate, Sellers Tagged With: 92014, del, estate, homes, house, mar, properties, property, real, sale

How to Sell Your House and Buy another at the Same Time!

02/09/2016 by admin Leave a Comment

Is the house you’re in now too small for your growing family? Perhaps the kids are finally in college and you’re ready to downsize.

Are you thinking of moving, but want to sell your house first, and use the proceeds to buy the next one?

Most every homeowner has substantial equity now – transferring it to the new home is best accomplished by selling and buying concurrently.

But when potential sellers casually look around at the standing (unsold) inventory, they don’t see anything worth the bother. If a good listing does pop up, the listing agent doesn’t want to consider your offer that is contingent upon selling your home that isn’t on the market yet.

Due to the lack of inventory for San Diego coastal real estate along with historically low interest rates, now is an excellent time to sell your home.

So how can you sell your home, buy another and not get stuck making 2 mortgage payments?

The short answer is to list your home and accept an offer contingent on you finding another home. A contingency under normal circumstances can weaken your position with the buyer. In other words, you might not get as much for your home as you wanted because you’re making them wait to take possession. But in today’s San Diego coastal real estate market inventory is very low. Buyers are lining up to purchase good San Diego homes that are priced fairly. Every day we’re seeing multiple offers. They really don’t have any other choice but to accept your contingency!

If it is easier selling than buying, how can we pull off both?

1. Trust that there will be new and better choices coming to market.
2. List your home with us, subject to finding a suitable replacement.
3. We’ll find a buyer for your home who is willing to wait 30-60 days.
4. Be as flexible as possible on the criteria of the next home.

OK but If I sell my home on contingency then don’t I become one of the buyers trying to find a home with limited inventory?

Yep! You can’t have it both ways! We’ll need to discuss where you want to move to and whether you’re moving up or down in purchase price.

Remember….your home is in escrow contingent on finding another. Your “ace in the hole” is the fact that you don’t have to sell your home.

Recently, we have done a couple of these successfully. With the tight inventory, buyers are being more flexible about timing. They are already starting their search well before their lease is up, and a slightly-longer process (1-2 months) can suit their situation too.

It helps to see houses in person. Let’s take a tour of the latest listings that might suit your needs, just to get a good feel of what to expect for the money. The personal tour will help get you familiar with the process too.

•It helps to have your house ready to sell. Have us over for a consultation of what tune-ups you might needs to maximize your selling price.
•It helps to have an agent who represents buyers and sellers. If you have different people on each end, the comfort level isn’t the same – and you don’t get a package deal on the commission.

Of course neither you nor I want to waste each other’s time with you having to keep your property in model home condition every day while we continually market it for sale only to end up not finding another home and having to cancel our listing!

Contact us and let’s see if this makes sense with your specific situation. We need to determine how much cash you’ll have with the sale of your home and ultimately….how strong of a buyer you’re going to be!

Filed Under: Beach Colony, Buyers, Carmel Valley, Del Mar, Del Mar Heights, Del Mar Terrace, Fairbanks Highlands, Fairbanks Ranch, Gated Communities, Golf, Inventory, La Jolla, Market Trends, Olde Del Mar, Rancho Pacifica, Rancho Santa Fe, Real estate, San Diego, Sellers, The Bridges, The Covenant

Del Mar Real Estate Market Conditions

01/28/2016 by admin Leave a Comment

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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!

Filed Under: Beach Colony, Buyers, Del Mar, Del Mar Heights, Del Mar Terrace, Inventory, Market Trends, Olde Del Mar, Real estate, Sellers Tagged With: del, estate, homes, inventory, mar, market, real, sale, trends

2015 San Diego Real Estate Sales

01/19/2016 by admin Leave a Comment

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!

Filed Under: Beach Colony, Buyers, Carmel Valley, Del Mar, Del Mar Heights, Del Mar Terrace, Equestrian, Fairbanks Highlands, Fairbanks Ranch, Gated Communities, Golf, Inventory, La Jolla, Market Trends, Olde Del Mar, Rancho Pacifica, Rancho Santa Fe, Real estate, Sellers, The Bridges, The Covenant

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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.

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