The median list price in Del Mar, CA 92014 is $1,995,000.
Inventory has been decreasing lately but the Market Action Index (MAI) is falling also. With days-on-market climbing, these are relatively negative implications for the Del Mar real estate market.
SUPPLY AND DEMAND
In the last few weeks the Del Mar real estate market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in a seller’s market zone so watch for changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
REAL-TIME MARKET PROFILE
Median List Price $1,995,000
Asking Price per Square Foot $855
Average Days on Market 162
Percent of Properties with Price Decrease 40%
Median House Size 2,636 sq. ft.
Median Number of Bedrooms 4.0
Median Number of Baths 3.0
Market Action Index SELLER’S ADVANTAGE 34.1
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.