Living in Paradise

Sometimes, when you live and work in a gorgeous vacation destination like Del Mar California, you find that you don’t often get a chance to take advantage of the many attractions the area has to offer – you’re too busy living life!

A weekend getaway at The Lodge at Torrey Pines in La Jolla CA

This past weekend, I had the opportunity to play “tourist”.  A friend (who also happens to be my hairdresser and the owner of Do’s and Lipstick, an upscale salon located in the design district on Cedros in Solana Beach CA) mentioned he had a connection at The Lodge at Torrey Pines.  He had arranged through her to have a weekend getaway at the Lodge at a phenomenal rate, but was going to have to cancel – instead of letting it go to waste, the sweetheart that he is, transferred the reservation to my husband and me!

A perfect place to stay while looking at Del Mar CA homes

What an exquisite place!  Situated adjacent to the world renowned Torrey Pines Golf Course on the ocean bluffs in La Jolla, just a mile and a half from Del Mar CA, this craftsman style resort offers spectacular golf course views, majestic ocean vistas and fresh sea breezes.  For those of you exploring the possibility of purchasing a second home here in Del Mar CA or La Jolla CA, or perhaps those who might want to relocate to this neck of the woods, I can’t think of a more idyllic spot to stay while looking at Del Mar CA real estate.

Give me a call – I’ll help you negotiate the best price for your very own piece of paradise!

High activity in the low end of North San Diego County

Those of us living and working in higher end North San Diego County markets like Del Mar CA have been watching other areas of the county bottom out and, in fact, become hot markets.  Many lower priced neighborhoods have had large numbers of short sales and REOs, and buyers have taken advantage of this great opportunity to buy at hugely discounted rates.  This increased activity had led to multiple offers and overbids.

In contrast, almost no activity in Del Mar CA… until recently!

Not so with Del Mar CA homes, Solana Beach CA property and other higher priced neighborhoods. Until recently, listings simply weren’t moving.  Del Mar prices were steadily declining until the end of last year.  Well, chin up, Del Martians!  Property, at least Del Mar CA property, is finally beginning to sell!

Del Mar CA is heating up!

Comparing the number of new listings with the number of new sales in any given month since the beginning of 2009, the ratios are finally showing improvement. Back in January, there were 34 listing new Del Mar detached home listings, while only 7 listings went into escrow during that same period.  This imbalance leads to increased inventory and declining prices.  In contrast, 30 detached Del Mar CA homes were listed in May, and 19 listings went into escrow! 

Here’s the data for the first 5 months of 2009.  The graph shows the ratio of new listings/new sales.  A smaller number means the inventory is decreasing:

Del Mar CA home sales

At a ratio of 1.6 new listings per new sale for the month of May, we are actually approaching a healthy balance, and, if this keeps up, prices will start to creep back up.

Another view, looking at the last 12 months, shows the steadily increasing number of new escrows since its lowest point in Ocober of 2008:

Del Mar CA home sales vs new listings

If you’re interested in relocating to Del Mar or in investing in Del Mar CA real estate, please give us a call (760-815-1318) soon or visit our website DreamHomesByTheBeach.com.  Don’t let this opportunity pass you by!