business meeting may 1 modified
DESCRIPTION
Qtrly market review of the Del Mar CA real estate marketTRANSCRIPT
May 1, 2012
By Lynn Murtagh
Coldwell Banker Residential Brokerage
Business Meeting
This is a quarterly review of our market in Del Mar and the surrounding area.
Market Update
SFD listings (active and contingent) in North San Diego County fell
-2.4 % in March 2012 from February 2012, and Dropped -22.68 % year-over from March 2011 – there has
been an
eight-month trend of year-over declines in listings. North County active listings were at the lowest level since
December 2009. SFD listings (active and contingent) across San Diego
County fell
-2.81 % from February 2012 to March 2012, with a -23.6 % year-over decline in listings compared to March 2011.
The number of sold North San Diego County SFD units increased +22.26 % in March 2012 from February 2012 (after a +20.37 % jump last month) and increased +3.35 % year-over from March 2011.
Year-over sold units have increased in nine of the last 10 months.
SFD total sales volume fell -5.12 % year-over from March 2011.
North San Diego County Home Dex
The number of sold SFA units rose +17.41 % from February to March
The number of sold SFA units in Non-North County zip codes increased +12.55 % from February to March.
In North San Diego County, year-over SFA sales increased slightly by 0.7 % compared to March 2011 for the third straight year-over increase.
Non-North County year-over sold units declined by -9.14 % compared to March 2011.
SFA listings (active and contingent) in North San Diego County decreased -6.13 % in March 2012 from February 2012 and fell -30.94 % year-over from March 2011.
San Diego County SFA listings (active and contingent) decreased
-3.54 % from February to March and dropped 32 % year over from March 2011.
North San Diego County HomeDexTMMarch 2012 Summary Report Single-Family Attached
Sold Listings
Average Price/SF
Average Sales Price
SP/LP DOM
January 9 $754.29 $2,142,033
84% 131
February 10 $435.60 $1,433,175
96% 140
March 9 $646.55 $2,076,504
92% 124
April 15 $718.85 $1,369.333
93% 102
Del Mar 92014
Sold Listings
Average Price/SF
Average Sales Price
SP/LP DOM
January 19 $308.59 $804,521 84% 92
February 32 $307.40 $915,187 96% 86
March 31 $325.79 $961,951 96% 64
April 31 $309.09 $978,748 97% 34
Carmel Valley
Sold Listings
Average Price/SF
Average Sales Price
SP/LP DOM
January 7 $383.88 $985,00 95% 160
February 8 $445.45 $1,020,309
92% 81
March 9 $406.88 $1,037,777
94% 115
April 6 $410.56 $1,148,333
98% 69
Solana Beach
Sold Listings
Average Price/SF
Average Sales Price
SP/LP DOM
January 16 $453.80 $2,819,062
93% 230
February 11 $373.80 $1,672,090
90% 130
March 16 $420.33 $2,571,875
93% 180
April 19 $388.98 $1,910,866
95% 83
Rancho Santa Fe
Sold ListingsAverage Price/SFAverage Sales PriceSales Price vs. List PriceDays on Market
Market Conclusions
For more information about our market or anything real estate related, Contact me:
Lynn MurtaghBroker/Manager
Coldwell Banker Residential BrokerageDel Mar, CA
Contact Information….