This March 2010, we saw an increase from 54 to 62 in the number of active listings in the 92014 zip code. The average listing price of Del Mar homes, as compared to last month Feb. 2010, decreased by 4% from $937,468 down to $895,709. The median listing price meanwhile saw a minor 1% increase.

There were 16 new Del Mar homes listed this month of March as compared to 13 last month. The average listing price of these new listings saw a significant 14% increase, from $615,138 to $905,038. The median listing price for these new homes also increased from $1,082,350 to $1,565,000.

The number of sold Del Mar homes meanwhile remained constant. Only 4 condos were also sold this month of March. The average selling price of this homes amounted to $561,250, a 17% decrease compared to last month's $681,000. The median selling price is a major decrease from $1,362,000 down to $575,000. It seems that less luxury homes were sold this month of March.

For those looking to buy luxury homes, this is a good chance to start searching as there are now more choices to pick from. It is also a good time to buy if you can afford to, since the homes are selling lower than their listed prices. 

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