The median list price in Del Mar, CA 92014 is $2,197,000.
The Market Action Index (MAI) has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the Del Mar real estate market.
SUPPLY AND DEMAND
Del Mar home sales continue to outstrip supply and the MAI has been moving higher for several weeks. This is a seller’s market so watch for upward pricing in the near future if the trend continues.
REAL-TIME MARKET PROFILE
Median List Price $2,197,000
Asking Price per Square Foot $802
Average Days on Market 122
Percent of Properties with Price Decrease 41%
Median House Size 2,784 sq. ft.
Median Number of Bedrooms 4.0
Median Number of Baths 3.0
Market Action Index SELLER’S ADVANTAGE 31.4
Prices for homes for sale in Del Mar seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices deviate from these levels.
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.