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Bernie McClure
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Housing Market

Recent News in the Del Mar, CA Housing Market

Friday, September 25th, 2009

Today in the National News Section of the San Diego Union —-  here is some good news….

“Local economic indicators continue to surge—-An index of leading economic indicators for San Diego County surged upward in August, driven largely by a sharp gain in consumer confidence.  It is the fifth month in a row that the index from the University of San Diego has gained ground”.  Good news to hear….now lets keep it going.  There are also signs that another wave of foreclosures could be coming, less than in the recent past.  The cup is half full or half empty….it’s all in how you look at a situation.  Here is what we KNOW.  Well priced homes that are listed by motivated sellers are offering great values to serious buyers.

I will welcome your calls for a “no obligation” Consultation Appointment. Going over your options to buy
or sell, looking at what the lenders are requiring and maping out your desired real estate end result, is the smart way to
take that next step.

Market Update

Tuesday, March 31st, 2009

Real Estate Market reporting sales and closing statistics through 3 March 2009: the average sales price in Del Mar is 1,610,000. The average days on the market for the same time period, 95 days. Prices are stabilizing. Comparing prices from 2008 for the same first quarter, the average is only down 5%. I will continue to track these numbers every month. Let it be said that our Del Mar home values are supported by the beautiful area we occupy. Our coveted, limited space washed by the Pacific helps to insulate our values.

Data Source: Sandicor, Inc.

Market Recap

  • Avg. Sales Price: $1,610,000

  • Avg. Days on Market: 95

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