Today I thought it would be interesting to focus on the luxury real estate markets of San Diego which include Rancho Santa Fe, Del Mar, La Jolla, and Coronado.

First let’s take a look at median prices for active homes on the market.  These numbers are from June 17th provided by Altos Market Research, include only single family homes, and are average over 90 days.  If you want to follow statistics for these areas updated weekly the links are below:

1. Rancho Santa Fe – Active Market Statistics - Foreclosure Statistics.
2. Del Mar - Active Market Statistics – Foreclosure Statistics.
3. La Jolla – Active Market Statistics – Foreclosure Statistics.
4. Coronado – Active Market Statistics – Foreclosure Statistics.

If you would like these reports delivered directly to your e-mail you may sign up here.

As you can see Rancho Santa Fe (92067 & 92091) had been hard hit with median prices due to distress and foreclosure sales.  This market is actually pending upwards right now on active listing prices.  Del Mar on the other hand is trending downward, La Jolla like Rancho Santa Fe upward, and Coronado is mostly flat.

A good sign of a healthy market is inventory.  Too many choices with few buyers will tend to drive prices downward.  We are currently in what would be considered high buying season.

So all markets are trending upward in Rancho Santa Fe, Del Mar, La Jolla, and Coronado.

Another good bench mark for the health of a market is how long a property is on the market before it goes sale pending, otherwise known as Days On Market (DOM).

Luxury Homes For Sale In San Diego: New Listings Taken Lower Than Existing Inventory for Rancho Santa Fe, Del Mar, Coronado, and La Jolla.

If you are thinking about putting your luxury home on the San Diego real estate market your competition has been adding new listings at lower median prices than the existing active inventory.  Rancho Santa Fe seems to have the largest trend down in new listing asking prices followed by La Jolla.

Looking at the existing luxury homes for sale in San Diego the inventory of homes that have been re-listed there are doing so at much the same as the median new listing prices.  That means the Seller on the 2nd or 3rd listing is reducing the asking price to be competitive with the luxury home real estate market.

I don’t have a crystal ball but my best guess is further reduction of listing and selling prices for the San Diego luxury market in Rancho Santa Fe, Del Mar, Coronado, and La Jolla before some stabilization in 2012.

Lots of smart cash buyers out in the luxury markets, but unfortunately not enough to drive demand high enough to increase prices.  Lesson for those that want to sell is price aggressively, market the heck out of the property, and realize buyers are picking the low hanging fruit.

San Diego Lifestyle now maintains yearly market data in each of these markets that we share with Clients in Google Documents.  Combined with the active market data provided above from Altos Research and foreclosure data from Foreclosure Radar you can get a pretty good guess where the market is headed.

One good piece of news is market inventory has been dropping, but I would expect that to increase in the near future as spring comes on.

Finally in support of that theory you can see from the Market Action Index below that San Diego luxury homes for sale are once again trending downward.

If you would like to have these market statistics delivered to your e-mail on a regular interval please fill out the following request form.  I promise not to spam you.

San Diego Luxury Home New Listings

Looking at the San Diego luxury real estate markets reminds me of the old Grateful Dead song about Casey Jones.

Trouble Ahead, trouble behind
And you know that notion just crossed my mind

We’re headed into spring which is the traditional time to bring new listings on the market.  Looking at the San Diego Luxury homes in Rancho Santa Fe, Del Mar, La Jolla, and Coronado we are starting to see inventory climb.  Many of the REALTORS® that follow these markets have been very optimistic that the bottom has been reached, and market is just around the corner.

The Coronado and Del Mar statistics continue to look pretty good.  Rancho Santa Fe , which has probably seen the largest price reductions and loss of value shows,  a dramatic climb in inventory.  The chart above includes both 92067 and 92091 and is from Altos Market Research.  Rather than looking at stale market data, I find Altos gives us a heads up where a particular market is going.

Let’s take a look at the numbers for Coronado, Del Mar, La Jolla, and Rancho Santa Fe.

If you are interested in foreclosure rates here are the links for Rancho Santa Fe, Del Mar, La Jolla, and Coronado.

I am hearing lots of buy now before it is to late rhetoric.  Caution and the realization that financing is extremely difficult for luxury homes is prudent.

As always, San Diego Lifestyle is your guiding light.

We are not going to push a bunch of Polly Anna buy now before it is to late, now is the time, and you can’t beat the interest rates!  Yes, incredible opportunities exist in the San Diego Luxury Market as long as you go in with your eyes open, the market facts, and don’t overpay.  If I were you I would take in a good negotiator with you, not a cheerleader of the moment!

Start today by signing up for our complementary Altos Market Reports delivered directly to your in-box.

Source: San Diego Association of REALTORS®

San Diego County Sells 11,320 Attached Homes & 20,778 Single Family Homes.

The 2010 San Diego real estate market was a year of recovery.  While sales increased due to the government incentives and then softened, we left December in a upward trend.  Source of this data is the San Diego Association of REALTORS® from Sandicor MLS.

Let’s look at some broad San Diego home sales for the year.

Total 2010 sales volume for attached homes was $3,058,522,621 which was down -.751%  from 2009.
Total 2010 sold listings for attached homes was 11,320 which was -5.335% down from 2009.

Total 2010 sales volume for detached homes was $10,359,200,232 which was up 1.359% from 2009.
Total 2010 sold listings for detached homes was 20,778 which was down -7.813% from 2009.

Let’s take a look at some individual markets.

Del Mar Sold – Single Family Homes

2010 –  93 Sold – 105 Days On Market – $1,325,000 Median Sold Price
2009 – 130 Sold – 110 Days On Market – $1,350,000 Median Sold Price

More Del Mar market statistics here.

Coronado Sold – Single Family Homes

2010 –  137 Sold – 131 Days On Market – $1,330,000 Median Sold Price
2009 – 108 Sold – 139 Days On Market – $1,222,500 Median Sold Price

Coronado Active Homes On Market including median list price, total inventory, average home size, homes sold, average days on the market, average list price, and average price per square foot.

More Coronado market statistics here.

Rancho Santa Fe Sold  - Single Family Homes – 92067 Only

2010 – 169 Sold – 162 Days On Market – $1,999,000 Median Sold Price
2009 – 106 Sold – 148 Days On Market – $2,321,666 Median Sold Price

Rancho Santa Fe 92067 Active Homes On Market including median list price, total inventory, average home size, homes sold, average days on the market, average list price, and average price per square foot.

More Rancho Santa Fe Market Statistics for 92067 & 92091.

Another market that I watch pretty carefully is the Downtown San Diego Condo (Attached Home) sales.

2010 – Sold 893 – 98 Days On Market – $340,000 Median Sold Price.
2009 – Sold 811 – 78 Days On Market – $377,500 Median Sold Price.

Downtown active properties

Source for this sold market data is San Diego Association of REALTORS® and Sandicor MLS.  Not all sales are reported sold in Sandicor.  Information is deemed accurate but not guaranteed.

San Diego, CA.  Market trends for Rancho Santa Fe, Del Mar, La Jolla, and Coronado.

Midway through July of 2010 and thought we would look at luxury real estate markets in San Diego.  Data is provided by Altos Research and is for active inventory for single family detached homes.  The brightest statistics seems to be a drop in days on the market while inventory increases.  You can sign up for weekly reports e-mail directly to you or visit all our Altos Reports for the week of July 19, 2010 by clicking here.

Rancho Santa Fe Updated Market Statistics – Full Report

Del Mar Updated Market Statistics – Full Report

La Jolla Updated Market Report – Full Report

Coronado Updated Market Report – Full Report

San Diego Luxury Markets of Rancho Santa Fe, Del Mar, Coronado, and La Jolla.

I have been pretty concerned about the upper priced real estate markets in San Diego so I thought I would run some graphs for you.  Rather than give you a bunch of spin, let’s look at some actual facts from active real estate market data.  I was surprised to see the results which are better than I expected, but we need to keep a close eye on them the next several months.

For Sellers we are going into the best opportunity to sell with low interest rates.  Unfortunately  there are many more luxury homes for sals than qualified buyers, which will leave much of the inventory unsold.  In looking a pending homes in Rancho Santa Fe, Del Mar, Coronado, and La Jolla most have been priced very aggressively or had a substantial price reduction prior to the pending date.  If you want to sell this year price aggressively because this is what today’s buyer is looking for.

First inventory is on a climb throughout San Diego.  All markets show a uptrend in inventory with data going back to 2007.

Median asking prices have trended down the most in Rancho Santa Fe while the other markets have been more stable.  Following Rancho Santa Fe Sales I believe this is partially a result of some low priced bank owned or distress sales recently.

Here is some good news that average days on the market is actually trending downward but all above 200 days on the average.

A good snapshot is how many listing prices are being reduced.  This would signify a weakness in the market with Sellers pricing downward to sell.  There has been a downward trend in listing price reductions.

The market active index is still very much a Buyer’s Market with all being below a scale of 15.

I will run this analysis again in around 3o days to see if things have improved or not.  I think that June, July, and August will be the best opportunity for Sellers as the market cools towards the end of the year and interest rates are likely to increase.  It’s going to be a long crawl back to a more normalized market and REO (Bank Owned) sales will continue to be the benchmark for market value.

Del Mar, CA – Spectacular, contemporary, newer home, steps to the beach.

Stop by April 25th from 1:00 to 4:00 p.m. to see this wonderful home during our first open house.  The address is 260 23rd Street in Del Mar, CA. Full information including downloadable brochure available here.

We're sorry, but we couldn't find MLS # 100023813 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

View the five newest Del Mar homes on the market.

Showing properties 1 - 5 of 101. See more city of Del Mar real estate.
(all data current as of 2/8/2012)

1. $1,650,000 : 2920 AVOCADO POINT, Del Mar
   
   3 beds, 3 full, 1 part baths

   Home size: 3,600 sq ft

   Lot size: 22,651 sq ft

   Year built: 1995

   Parking spots: 7

   Days on market: 2
2. $1,395,000 : 2765 Las Palmas Cv, Del Mar
   
   4 beds, 3 full baths

   Home size: 3,651 sq ft

   Lot size: 24,800 sq ft

   Year built: 2007

   Parking spots: 4

   Days on market: 2
3. $1,350,876 : 4605 Rancho Reposo, Del Mar
   
   3 beds, 2 full, 1 part baths

   Home size: 3,086 sq ft

   Year built: 1984

   Days on market: 6
4. $1,100,000 : 214 4th St, Del Mar
   
   2 beds, 2 full baths

   Home size: 1,742 sq ft

   Year built: 1980

   Parking spots: 3

   Days on market: 6
5. $840,000 : 1050 Highland Dr, Del Mar
   
   3 beds, 2 full baths

   Home size: 1,653 sq ft

   Lot size: 21,780 sq ft

   Year built: 1972

   Days on market: 7

Listing information deemed reliable but not guaranteed. Read full disclaimer.

San Diego, CA – Real Estate Market Report For Single Family Detached (SFD) Homes Sold 2000 to 2009

Taking a look at the real estate market trends for Del Mar in San Diego this market has seen less roll back of average sales price and price per square feet than many parts of San Diego County.  The source of this data is from Sandicor Multiple Listing Service (MLS) and is deemed reliable but not guaranteed.

Like many local San Diego Market Del Mar peaked in sales volume in 2003 and 2004.  Sales volume was lowest in 2008 – see actual numbers below in summary.

Here is a summary:

2000 207 Sales – High $25,000,000  Low $369,000 – Avg. LP $1,120,302 Avg. SP $1,091,920 or 96% SP/LP
2001  251 Sales – High $ 5,000,000 Low $380,00 – Avg. LP $1,089,384 Avg. SP $1009,840 or 95% SP/LP
2002  190 Sales – High $ 4,500,000 Low $491,500 – Avg. LP $1,198,667 Avg. SP $1,115,130 or 94% SP/LP
2003  214 Sales – High $ 8,400,000 Low $520,000 – Avg. LP $1,401,810 Avg. SP $1,290,353 or 95% SP/LP
2004  206 Sales – High $15,750,000 Low $710,000 – Avg. LP $1,822,718 Avg. SP $1,681,366 or 94% SP/LP
2005  131 Sales – High $ 7,600,000 Low $750,000 – Avg. LP $2,069,365 Avg. SP $1,930,273 or 94% SP/LP
2006  123 Sales – High $18,000,000 Low $715,000 – Avg. LP $2,167,290 Avg. SP $2,017,552 or 94% SP/LP
2007  136 Sales – High $48,150,000 Low $750,000 – Avg. LP $2,470,637 Avg. SP $2,293,488 or 94% SP/LP
2008   96 Sales – High $15,995,000 Low $780,000 – Avg. LP $2,177,896 Avg. SP $1,977,584 or 92% SP/LP
2009  130 Sales – High $14,000,000 Low $635,000 – Avg. LP$2,151,345 Avg. SP $1,906,313 or 92% SP/LP

Here is a look at some active market statistics.  For updated Del Mar market statistics please visit our Del Mar Community page orFlash Charts.  You may also choose to be updated weekly via e-mail for markets your interested in.

[altos_stat_table st="CA" cid="1868" zid="2880626" rt="sf" format="wide" endDate = "2010-03-26"/]

Five newest single family detached homes in Del Mar 92014

Showing properties 1 - 5 of 101. See more city of Del Mar real estate.
(all data current as of 2/8/2012)

1. $1,650,000 : 2920 AVOCADO POINT, Del Mar
   
   3 beds, 3 full, 1 part baths

   Home size: 3,600 sq ft

   Lot size: 22,651 sq ft

   Year built: 1995

   Parking spots: 7

   Days on market: 2
2. $1,395,000 : 2765 Las Palmas Cv, Del Mar
   
   4 beds, 3 full baths

   Home size: 3,651 sq ft

   Lot size: 24,800 sq ft

   Year built: 2007

   Parking spots: 4

   Days on market: 2
3. $1,350,876 : 4605 Rancho Reposo, Del Mar
   
   3 beds, 2 full, 1 part baths

   Home size: 3,086 sq ft

   Year built: 1984

   Days on market: 6
4. $1,100,000 : 214 4th St, Del Mar
   
   2 beds, 2 full baths

   Home size: 1,742 sq ft

   Year built: 1980

   Parking spots: 3

   Days on market: 6
5. $840,000 : 1050 Highland Dr, Del Mar
   
   3 beds, 2 full baths

   Home size: 1,653 sq ft

   Lot size: 21,780 sq ft

   Year built: 1972

   Days on market: 7

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Five biggest price reductions for SFD in Del Mar 92014

Showing properties 1 - 5 of 101. See more city of Del Mar real estate.
(all data current as of 2/8/2012)

1. $26,500,000 : 2928 Camino Del Mar, Del Mar
   
   6 beds, 7 full, 1 part baths

   Home size: 6,551 sq ft

   Year built: 1984

   Days on market: 626
2. $3,500,000 : MLS # 110048003 in Del Mar
   
   3 beds, 2 full baths

   Home size: 1,360 sq ft

   Year built: 1967

   Parking spots: 6

   Days on market: 171
3. $1,995,000 : 342 Pine Needles Dr, Del Mar
   
   4 beds, 2 full, 1 part baths

   Home size: 3,000 sq ft

   Lot size: 13,900 sq ft

   Year built: 1974

   Days on market: 170
4. $21,500,000 : 2938 Sandy Lane W, Del Mar
   
   3 beds, 2 full, 1 part baths

   Home size: 2,800 sq ft

   Lot size: 19,795 sq ft

   Year built: 1950

   Parking spots: 8

   Days on market: 253
5. $1,895,000 : 15185 Sun Valley LANE Ln, Del Mar
   
   8 beds, 7 full baths

   Home size: 4,601 sq ft

   Year built: 1960

   Parking spots: 10

   Days on market: 196

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Five least expensive SFD in Del Mar 92014

Showing properties 1 - 5 of 101. See more city of Del Mar real estate.
(all data current as of 2/8/2012)

1. $779,000 : 2550 LOZANA Rd, Del Mar
   
   3 beds, 2 full baths

   Home size: 1,284 sq ft

   Lot size: 8,200 sq ft

   Year built: 1970

   Parking spots: 4

   Days on market: 34
2. $800,000 : 2499 Mango Wy, Del Mar
   
   3 beds, 2 full baths

   Home size: 1,611 sq ft

   Lot size: 9,500 sq ft

   Year built: 1969

   Parking spots: 4

   Days on market: 172
3. $825,000 : 13562 Caminito Carmel, Del Mar
   
   3 beds, 2 full, 1 part baths

   Home size: 2,707 sq ft

   Year built: 1985

   Parking spots: 4

   Days on market: 66
4. $840,000 : 1050 Highland Dr, Del Mar
   
   3 beds, 2 full baths

   Home size: 1,653 sq ft

   Lot size: 21,780 sq ft

   Year built: 1972

   Days on market: 7
5. $870,000 : 3035 Caminito Gijon, Del Mar
   
   3 beds, 2 full, 1 part baths

   Home size: 2,444 sq ft

   Year built: 1988

   Days on market: 79

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Five most expensive SFD in Del Mar 92014

Showing properties 1 - 5 of 101. See more city of Del Mar real estate.
(all data current as of 2/8/2012)

1. $61,000,000 : 929 Border Ave, Del Mar
   
   9 beds, 6 full baths

   Home size: 10,164 sq ft

   Year built: 1937

   Parking spots: 5

   Days on market: 1,641
2. $26,500,000 : 2720 Ocean Front, Del Mar
   
   7 beds, 6 full, 2 part baths

   Home size: 3,988 sq ft

   Lot size: 5,662 sq ft

   Year built: 2009

   Parking spots: 4

   Days on market: 57
3. $26,500,000 : 2928 Camino Del Mar, Del Mar
   
   6 beds, 7 full, 1 part baths

   Home size: 6,551 sq ft

   Year built: 1984

   Days on market: 626
4. $21,500,000 : 2938 Sandy Lane W, Del Mar
   
   3 beds, 2 full, 1 part baths

   Home size: 2,800 sq ft

   Lot size: 19,795 sq ft

   Year built: 1950

   Parking spots: 8

   Days on market: 253
5. $15,950,000 : 1844 Ocean Front, Del Mar
   
   4 beds, 3 full, 1 part baths

   Home size: 2,885 sq ft

   Year built: 1990

   Parking spots: 6

   Days on market: 877

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Biggest Real Estate Listing Price Reductions in Del Mar, Coronado, La Jolla, and Rancho Santa Fe, San Diego Bargains

Page is updated daily – be sure to bookmark.

Showing properties 1 - 3 of 101. See more city of Del Mar real estate.
(all data current as of 2/8/2012)

1. $26,500,000 : 2928 Camino Del Mar, Del Mar
   
   6 beds, 7 full, 1 part baths

   Home size: 6,551 sq ft
2. $3,500,000 : MLS # 110048003 in Del Mar
   
   3 beds, 2 full baths

   Home size: 1,360 sq ft
3. $1,995,000 : 342 Pine Needles Dr, Del Mar
   
   4 beds, 2 full, 1 part baths

   Home size: 3,000 sq ft

   Lot size: 13,900 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Showing properties 1 - 3 of 90. See more city of Coronado real estate.
(all data current as of 2/8/2012)

1. $1,650,000 : 33 The Point, Coronado
   
   3 beds, 3 full baths

   Home size: 2,966 sq ft

   Lot size: 7,405 sq ft
2. $2,000,000 : 34 The Point, Coronado
   
   4 beds, 5 full, 1 part baths

   Home size: 4,930 sq ft
3. $2,200,000 : 11 Green Turtle Rd, Coronado
   
   4 beds, 4 full, 1 part baths

   Home size: 4,210 sq ft

   Lot size: 5,445 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Showing properties 1 - 3 of 335. See more city of La Jolla real estate.
(all data current as of 2/8/2012)

1. $5,895,000 : 417 SEA RIDGE Dr, La Jolla
   
   6 beds, 5 full baths

   Home size: 4,176 sq ft

   Lot size: 10,672 sq ft
2. $575,000 : 5726 La Jolla Blvd 203, La Jolla
   
   2 beds, 2 full baths

   Home size: 1,111 sq ft
3. $899,000 : 2575 Ridgegate Row, La Jolla
   
   4 beds, 2 full, 1 part baths

   Home size: 3,577 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Showing properties 1 - 3 of 90. See more city of Coronado real estate.
(all data current as of 2/8/2012)

1. $1,650,000 : 33 The Point, Coronado
   
   3 beds, 3 full baths

   Home size: 2,966 sq ft

   Lot size: 7,405 sq ft
2. $2,000,000 : 34 The Point, Coronado
   
   4 beds, 5 full, 1 part baths

   Home size: 4,930 sq ft
3. $2,200,000 : 11 Green Turtle Rd, Coronado
   
   4 beds, 4 full, 1 part baths

   Home size: 4,210 sq ft

   Lot size: 5,445 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

San Diego Luxury Real Estate Market Listing Reduction Trends in Del Mar, Coronado, La Jolla, and Rancho Santa Fe

Taking a look at active listings in Del Mar, Coronado, La Jolla, and Rancho Santa Fe the trend has been downward in listing price reductions with all of them under 39%.  La Jolla has the highest percentage of listing price reductions while Rancho Santa Fe has the lowest at under 33%.  Information updated on January 25, 2010.