Last month (January 2010), seven Del Mar real estate listings sold through the Sandicor multiple listing service (MLS), ranging in price from $685,000 to $1,700,000 (all in the 92014 zip code). Two of the seven real estate listings that closed were listed as short sales. Another two were listed as bank-owned foreclosures. The remaining three were listed as normal (traditional) listings.
- Six of them were detached homes in Del Mar. One was a townhome.
- The two short sales sold for $685,000 and $802,000. Both were detached homes (built in 1971 and 1975).
- Six of the transactions had two agents involved (an agent representing the seller and an agent representing the buyer).
- One listing sold with the listing agent also representing the buyer (This is called dual agency). That one sold for higher than the list price and was over $1,000,000. It was on the market for only 11 days.
- The average time on market was 93 days. The longest was 187 days, and the shortest was 11 days.
- None of these Del Mar homes for sale were located right on the beach.
What's currently on the market in Del Mar?
- Currently (as of February 4th), there are 132 residential Del Mar real estate listings for sale in 92014, ranging in price from $195,000 to $61,000,000.
- There are 97 detached homes for sale in Del Mar, ranging in price from $775,000 to $61,000,000.
- There are 16 Del Mar townhomes for sale, ranging in price from $469,000 to $3,350,000.
- The rest are listed as "all other attached" (mostly Del Mar condos), ranging in price from $195,000 to $5,995,000.
- Only two of the 132 Del Mar properties for sale are listed as short sales.
What's in escrow?
- There are 20 properties currently listed as "pending" in the MLS, ranging in price from $349,000 to $5,395,000.
- There are also nine properties listed as "contingent." Contingent doesn't necessarily mean "in escrow." Stay tuned for a future post about the definition of "contingent" as a status field in the Sandicor MLS.
Del Mar is one of my favorite areas of San Diego, and the Del Mar real estate market certainly is an interesting market at the moment.
Search Del Mar real estate for sale on my company website.
All of the data presented above was reported from Sandicor on 2/4/2010.
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