The median list price in Del Mar, CA 92014 is $2,385,000.
The Market Action Index (MAI) has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening Del Mar real estate market.
SUPPLY AND DEMAND
In terms of supply and demand, the Del Mar real estate market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it’s technically a buyer’s market, this price trend may be a result of improved quality (updated, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and updated more so than in the past.
REAL-TIME MARKET PROFILE
Median List Price $2,385,000
Asking Price per Square Foot $869
Average Days on Market 146
Percent of Properties with Price Decrease 34%
Median House Size 2,702 sq. ft.
Median Number of Bedrooms 4.0
Median Number of Baths 3.0
Market Action Index BUYER’S ADVANTAGE 28.2
Price trends for homes for sale in Del Mar continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
MARKET ACTION INDEX (MAI)
The Market Action Index (MAI) 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.