Del Mar Annual Real Estate Market Trends
| Del Mar | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $811,771 | $660,000 | 209 | 63 | 93.9% | |||
| 1999 | $883,358 | $690,000 | 273 | 62 | 94.6% | 8.8% | 4.5% | 30.6% |
| 2000 | $1,091,921 | $820,000 | 207 | 61 | 97.4% | 23.6% | 18.8% | -24.2% |
| 2001 | $1,009,841 | $815,000 | 150 | 65 | 92.9% | -7.5% | -0.6% | -27.5% |
| 2002 | $1,103,775 | $962,000 | 188 | 83 | 93.1% | 9.3% | 18.0% | 25.3% |
| 2003 | $1,296,202 | $1,012,500 | 204 | 70 | 95.3% | 17.4% | 5.2% | 8.5% |
| 2004 | $1,689,927 | $1,450,000 | 203 | 65 | 92.7% | 30.4% | 43.2% | -0.5% |
| 2005 | $1,915,199 | $1,700,000 | 131 | 65 | 92.6% | 13.3% | 17.2% | -35.5% |
| 2006 | $2,017,552 | $1,681,000 | 122 | 78 | 93.4% | 5.3% | -1.1% | -6.9% |
| 2007 | $2,293,488 | $1,525,000 | 136 | 97 | 92.8% | 13.7% | -9.3% | 11.5% |
| Del Mar | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $323,581 | $320,000 | 119 | 45 | 97.0% | |||
| 1999 | $332,188 | $310,000 | 112 | 47 | 96.5% | 2.7% | -3.1% | -5.9% |
| 2000 | $422,770 | $419,000 | 79 | 37 | 97.7% | 27.3% | 35.2% | -29.5% |
| 2001 | $477,240 | $419,000 | 73 | 43 | 97.1% | 12.9% | 0.0% | -7.6% |
| 2002 | $480,851 | $477,000 | 104 | 70 | 96.5% | 0.8% | 13.8% | 42.5% |
| 2003 | $543,956 | $517,500 | 94 | 42 | 96.6% | 13.1% | 8.5% | -9.6% |
| 2004 | $703,839 | $650,000 | 121 | 35 | 97.5% | 29.4% | 25.6% | 28.7% |
| 2005 | $794,350 | $703,475 | 62 | 56 | 95.3% | 12.9% | 8.2% | -48.8% |
| 2006 | $836,873 | $770,000 | 44 | 93 | 92.8% | 5.4% | 9.5% | -29.0% |
| 2007 | $867,561 | $815,000 | 57 | 87 | 95.2% | 3.7% | 5.8% | 29.5% |
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DEFINITIONS
- Median Price
- Median Price is the price at which 50% of properties sold were above that price and 50% were below.
- Average Price
- Average Price is the sum of all prices divided by the number of sales.
- DOM
- Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
- SP/LP
- The average selling price divided by the average list price.
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