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This Week
Real-Time Market Profile Trend
Median List Price $ 1,850,000 ≠≠
Asking Price Per Square Foot $ 649 ±+
The median list price in DEL MAR, CA this week is $1,850,000. Average Days on Market (DOM) 254 ==
Percent of Properties with Price Decrease 33 %
Percent Relisted (reset DOM) 7%
Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some Percent Flip (price increased) 4%
increased demand will temper the negative trends. Median House Size (sq ft) 2936
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.5
Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.
Price
Market Action Index Again this week we see a downward notch for prices. Pricing has
been weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for the
durability of this trend.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
0.25 - 0.50
Upper/Second $ 2,495,000 2906 acre 4.0 3.5 20 31 0 2 268 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 1,650,000 3306 acre 4.0 3.0 31 31 4 4 270 Lower-middle 25% of properties
6,501 -
Bottom/Fourth $ 1,249,000 2490 8,000 sqft 4.0 2.5 38 31 2 4 205 Least expensive 25% of properties
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