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Del Mar, CA Real Estate News

By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Del Mar House (s): Market Summary $2M to $5M Currently there are 43 Del Mar house (s) priced between $2 million and $5 million with an average market price of $3,047,974. The lowest-priced Del Mar house in this range is variable-priced at $1,795,000-$2,095,000. Most homes will have a stunning ocean view -- some whitewater. Average market time for a Del Mar house to sell in this price range is 120 days with an average sales price of $2,663,636. The Del Mar Surf Station, though no longer operating, remains a focal point of the Del Mar Beach Colony. You can expect a Del Mar house in this price range to have 3 bedrooms, 4 baths and approx. 3,132 sq.ft. This price category is slow so far in 2011. Check out what I think is the best Del Mar House for sale in Del Mar CA 92014. Or click here to ...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Del Mar CA Homes for Sale: Market Summary $1M to $2M Currently there are 57 Del Mar CA homes for sale priced between 1,000,000 and 2,000,000 with an average market price of $1,525,538. The lowest-priced in this range is listed at $1,045,000. Nearly all Del Mar CA homes for sale in this price range have an ocean view (or canyon). Average market time for a Del Mar home to sell in this price range is 108 days with an average sales price of $1,394,841. Dinasaur Gallery has been a "fossil" in Del Mar Village, offering great art, artifacts and fossils. You can expect a Del Mar home in this price category to have 3 bedrooms, 3 baths and approx. 2,671 sq.ft. Inventory is down 7 homes. 8 homes in this price range have gone pending in February -- needless to say -- this market is H-O-T. Check out...
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By Stephen MacLeod, Arizona and California Broker and Property Manager
(Highland Home Watch)
 The national Association of Home Builders reported their index shows home affordability in the fourth quarter of 2010 at its highest level in 20 years.  Locally, the key metrics below will provide some insight into the Del Mar single family home, condo/townhome market and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:  and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:                       Del Mar Single Family Homes February, 2011: Del Mar Homes for Sale: 157 (Active, contingent, and pending) February, 2011: Del Mar Months of Inventory: 21 January, 2011: Del Mar Median Home Price $1,275,000; 21% higher than January, 2010 January, 2011: Del Mar Homes Sold: 5; 17% lower than January,...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Del Mar Houses: Market Summary for All Houses in Del Mar CA 92014 Currently there are 126 Del Mar houses for sale with an average market price of $3,544,143. The lowest-priced Del Mar house is listed at $599,900 (fixer/foreclosure) -- and the highest priced house is listed at $61M (only in Del Mar!). Del Mar houses with an ocean view start in the high $800s. Average market time for all sold Del Mar houses is 109 days with an average sales price of $1,809,298. The Del Mar Library is in the heart of Del Mar Village. You can expect a house in this price range to have 3 bedrooms, 3 baths and approx. 2,685 sq.ft. Inventory is down slightly, average sales price is up about $100k, and market time is up 20 days. Currently there are 24 Del Mar houses pending. Homes under $1.5M continue to be hot...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Del Mar House for Sale: Market Summary $500k to $1 Million Currently there are 15 Del Mar houses for sale priced under $1 million with an average market price of $895,773. The lowest-priced detached home in Del Mar is listed at $599,900 (foreclosure/fixer). The lowest priced ocean view house in this range is in the high $800s. Average market time for a Del Mar house to sell is 78 days with an average sales price of $890,818. Bully's North has been a landmark in Del Mar Village for decades. Best prime rib in town! You can expect a house in this price range to have 3 bedrooms, 2 baths and approx. 1,931 sq.ft. This end of the market is surprisingly slow considering some great values available. Check out what I think is the best Del Mar House for Sale in Del Mar CA 92014. Or click here to v...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Del Mar Condos: Market Summary Currently there are 47 Del Mar condos for sale with an average market price of $879,915. The lowest-priced Del Mar condo is listed at $149,900 -- and the highest priced condo is listed at $3.85M (oceanfront-wow!). Del Mar condos with an ocean view start in the low $500s. Average market time for all sold Del Mar condos is 81 days with an average sales price of $482,663. Shot of the Coaster looking south from the bluffs at Seagrove Park. You can expect a condo in this price range to have 2 bedrooms, 2 baths and approx. 1,286 sq.ft. Since last week's report, inventory is up 13 condos, average market price is up about $75k, and market time increased slightly. Lower-priced Del Mar condos are moving at a good pace and some good deals are happening on the higher ...
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By Nevin Williams, Senior Mortgage Advisor
(Fairway Independent Mortgage Corporation)
PMI is an insurance policy.  The letters stand for Private Mortgage Insurance.  This insurance policy pays lenders for money lost due to foreclosure. If you had a small down payment and foreclosed the lender would suffer huge losses. Homes with 20% or more in equity are thought to  have enough money for a lender to cover expenses to sell the foreclosed home.  Conventional loans with a 20% down payment do not require PMI. Why not just call it mortgage insurance?  The government also insures mortgages. FHA, VA and USDA loans are all insured by the US government.  Conventional loans are loans that are not insured by the government but rather private insurance companies. Private Mortgage Insurance only applies to conventional loans.  Risk factors determine the basis point or BP used by MI c...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
Del Mar Homes for Sale - Del Mar Market Report for January 2011 Del Mar is a small coastal town in North San Diego County with a reputation as one of the most expensive towns in the county. Indeed, the Del Mar real estate market currently has two of the most expensive homes for sale in San Diego County (at $61M and $39M), and still holds the record for the most expensive property sold (at about $48,000,000).  READ MORE: Del Mar - Affluent Seaside Town (A Community Profile)  Having up to date information on the local Del Mar real estate market is important for buyers and sellers to make informed decisions about buying and selling Del Mar homes. Here are the statistics obtained from the MLS for Del Mar for January 2011 (the data are believed accurate but are not guaranteed, and do not inc...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar House for Sale $500k - $1 Million Currently there are 14 Del Mar houses for sale priced under $1 million with an average market price of $894,402 . The lowest-priced detached home in Del Mar is listed at $599,900 (foreclosure/fixer). The lowest priced ocean view house in this range is in the low $900s. Average market time for a Del Mar house to sell is 57 days with an average sales price of $887,864 . You can expect a home in this price range to have 3 bedrooms, 2 baths and approx. 1,797 sq.ft. While typically the lowest-priced home in this range sells the fastest, over the past six months the majority of homes sales have been $750 and up. View looking southeast over Torrey Pines Reserve in south Del Mar, California 92014.   Click the following link to view a gre...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
  Market Summary: Del Mar Home for Sale $5 Million - $10 Million Currently there are 9 Del Mar home (s) priced between $5 million and $10 million with an average market price of $7,649,667. The lowest-priced home in this range is listed at $5.25 million. Every home has a stunning whitewater ocean view (and several are on the sand). Average market time for a Del Mar home to sell in this price range is 187 days with an average sales price of $8M. You can expect a home in this price range to have 4 bedrooms, 4 baths and approx. 3,100 sq.ft. As you would expect, this price range doesn't have too much activity. If you are looking in this price range, you can expect to negotiate approx. $1M or more off the list price if the home's been listed for 6 mos. or more. View over the rivermouth looki...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar Condo for Sale Over $1 Million Currently there are 11 Del Mar condo (s) priced over $1,000,000 with an average market price of $1,547,727. The lowest-priced Del Mar condo in this range is listed at $1,050,000. Nearly all condos in this price range have an ocean view (whitewater too). Average market time for a Del Mar condo to sell in this price range is 47 days with an average sales price of $1,195,000. You can expect a condo in this price range to have 2 bedrooms, 3 baths and approx. 1,668 sq.ft. Compared with last week's report, inventory is down 4 condos, average list price has fallen nearly $140k, and market time is the same. Looking south down 15th street at Sbicca restaurant -- a Del Mar staple for more than a decade. Click the following link to view a grea...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar Condo for Sale $500k - $1 Million Currently there are 24 Del Mar condos for sale priced between $500k and $1M with an average market price of 741,513. The lowest-priced Del Mar condo for sale in this range is listed at $519,000 (2 bdrm., 3 ba.). A Del Mar condo for sale with an ocean view starts in the very low $500s. Average market time for all sold Del Mar condos in this price range is 121 days with an average sales price of $615,980. You can expect a condo in this price range to have 2 bedrooms, 2 baths and approx. 1,252 sq.ft. So far in January, 3 bedrooms in two popular developments are the hot ticket! Inventory is up as expected in the beginning of the new year. Looking northwest towards the surf and railroad tracks from 4th Street in Del Mar, CA.   Click t...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar House for Sale $2 Million - $5 Million Currently there are 45 Del Mar house (s) priced between $2 million and $5 million with an average market price of $2,966,484 . The lowest-priced house in this range is listed at $2M. Most homes will have a very nice ocean view -- some whitewater. Average market time for a Del Mar house to sell in this price range is 114 days with an average sales price of $2,766,667. You can expect a home in this price range to have 4 bedrooms, 3 baths and approx. 3,261 sq.ft. Not much movement in this high-end market, but the ones that are selling have taken $250k to $400k off list price. View towards the bridge that leads from south Del Mar to Torrey Pines State Beach. Click the following link to view a great deal on a Del Mar house. Or, t...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
If you've been following the Del Mar Fairgrounds ... this article is pretty interesting. Check it out: http://delmartimes.net/2011/01/27/del-mar-fairgrounds-price-which-figure-is-correct/#comment-38975
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar CA Homes for Sale $1 Million - $2 Million Currently there are 64 Del Mar CA homes for sale priced between 1,000,000 and 2,000,000 with an average market price of $1,537,539 . The lowest-priced in this range is listed at $1,025,000. Nearly all Del Mar CA homes for sale in this price range have an ocean view (or canyon). Average market time for a Del Mar home to sell in this price range is 103 days with an average sales price of $1,366,454 . You can expect a home in this price category to have 4 bedrooms, 3 baths and approx. 2,649 sq.ft. Inventory is up, giving you more choices ... and you can expect most sellers to negotiate on price, especially the higher end homes. Nearly 50% of homes listed under $1.5M are selling within 30 days (that market is hot!).   A cozy ...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar House for Sale $500k - $1 Million Currently there are 13 Del Mar houses for sale priced under $1 million with an average market price of $902,741. The lowest-priced detached home in Del Mar is listed at $599,900 (foreclosure/fixer). The lowest priced ocean view house in this range is in the high $800s. Average market time for a Del Mar house to sell is 61 days with an average sales price of $923,915 . You can expect a home in this price range to have 3 bedrooms, 2 baths and approx. 1,780 sq.ft. Compared with last week's report, inventory has dropped by 2, sales priced has gone up by nearly $34k and the time to sell has increased nearly 2 weeks. Looking south over the Del Mar Throughbred Club. Click the following link if you want to view a very special Del Mar Hou...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar CA Condos $150k - $500k Currently there are 6 Del Mar CA condos priced under $500k with an average market price of $298,427. The lowest-priced Del Mar condo is listed at $154,900. Del Mar CA condos with an ocean view start in the high $400s. Average market time for sold Del Mar CA condos in this price range is 72 days with an average sales price of $315,765. You can expect a condo in this price range to have 2 bedrooms, 2 baths and approx. 1,061 sq.ft. Pretty much any Del Mar CA condo priced under $350 is selling under 90 days or sooner. Since last week's report, inventory is down 5 condos, average market price has increased approximately $26k and average market time jumped 12 days. Picture shot from south Solana Beach looking south towards Dog's beach in Del Mar...
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By Jim Frimmer, Realtor & CDPE, Mission Valley specialist
(HomeSmart Realty West)
This is one of a series titledOut & About with Jim Frimmer, your Realtor in Mission Valley.Read others in this series by clicking on Out & About. Pictures from the 2011 Del Mar Cat Show Yesterday was spent at the cat show which ended its three-day run today. However, if you missed this show, the next cat show by the San Diego Cat Fanciers is August 6-7 at Liberty Station in Point Loma. While you're waiting for August to hurry up and get here, following are some pictures of the cats from this past weekend's cat show. One of the things I like about the cat shows is that the animal shelters and the pet rescue organizations are well represented, and many of the cats shown above were actually rescue cats that were available for adoption. ♪♫♫♫♪ If you're looking for a great real estate agent...
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By Paul Stokes & Dean Rooke | Del Mar, Solana Beach & Cardiff Real Estate
(Harcourts JADE Properties)
Market Summary: Del Mar Houses in Del Mar, CA 92014 Currently there are 114 Del Mar houses for sale with an average market price of $3,374,325. The lowest-priced Del Mar house is listed at $599,900 -- and the highest priced house is listed at $61M (only in Del Mar!). Del Mar houses with an ocean view start in the high $800s. Average market time for all sold Del Mar houses is 95 days with an average sales price of $1,873,020. You can expect a home in this price range to have 3 bedrooms, 3 baths and approx. 2,562 sq.ft. Del Mar houses priced under $1.5M are selling fairly quickly (around 90 days) and the lowest priced home, regardless of price (lately in the mid $600s), rarely last more than 33 days.   This Del Mar house is located "on the sand."   Click the following link if you want to ...
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By Stephen MacLeod, Arizona and California Broker and Property Manager
(Highland Home Watch)
Del Mar real estate market review for 2010. As the economy continues to improve and people feel better about keeping their job, home purchasing activity will rise and so will the value of property....stay tuned.  Locally, the key metrics below will provide some insight into the Del Mar single family home, condo/townhome market and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:                       Del Mar Single Family Homes January, 2011: Del Mar Homes for Sale: 164 (Active, contingent, and pending) January, 2011: Del Mar Months of Inventory: 17.9 December, 2010: Del Mar Median Home Price $1,242,000; 4% lower than December, 2009 December, 2010: Del Mar Homes Sold: 5; 62% lower than December, 2009 Del Mar Condos and Townhomes January,...
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