The stunning ocean front residential area of Del Mar is among the highly praised communities in the whole of Southern California. With numerous homes just a few miles from the beach, it is no question why. Del Mar is home to some of the prime real estate in San Diego. Beautiful inlets and wetlands as well as miles of beaches have made unique natural beauty. Its unparalleled characteristics have also formed a one of kind market for this high end area.

From the 144 detached Del Mar luxury homes presently and actively available, none are bank owned. In addition, only 2 percent are short selling properties. Needless to say, this is not a distressed market. It is, even so, a buyers' market. With price rates beginning at $700,000 for a single family home, competition for homes in Del Mar is less rough than other parts of the county. For townhomes and condos, homebuyers will find more of a balance between buyers and sellers. As those are the more low-priced alternatives in the area, they show more competition.

 With the high stock of homes in this small area and few buyers able to qualify for the Del Mar luxury homes, the market for single family homes in Del Mar is a buyer's market. In buyers' markets, homes may sit on the market awhile before selling; therefore sellers become more flexible and may even set down their prices.  Del Mar luxury homes are a pleasure and a great investment in high end living by the beach. The low rates of mortgage are indicators that it is time to buy. Del Mar luxury home prices are holding steady as the economy continues to recuperate, prices are likely to climb again.

Indeed, it is time get into prominent desired Del Mar while the market conditions favor buyers and motivated sellers are willing to negotiate.

For more information on Del Mar Luxury Real Estate for sale, contact:

Shawn Hethcock

Willis Allen Real Estate - Hethcock & Rodger

(858) 755-2280 or (858) 755-6761

valeriepekar@shawnrodger.com