Wednesday, September 25, 2019

Del Mar Housing Trends, as of 09/16/2019

Although there were pricing fluctuations over the past year, when comparing the most recent 6 month period with the same period last year the median $/Sqft changed approximately -2% and the median $/Sqft changed approximately 5% overall.  There are currently 5 months of home inventory and half of all properties sell in 26 days or less. I anticipate that fewer than 90 days of marketing time will be required to sell common properties over the next 3 months.

Brian A. Ward
State of California Certified Residential Real Estate Appraiser
Del Mar, CA Real Estate Appraiser

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