Del Mar is an ideal beach community located in the northern end of San Diego County just north of La Jolla and about 20 miles north of San Diego. With a population of just over 4,100 people, Del Mar is one of the most desirable spots to live in the US, mainly because of the atmosphere and perfect weather. This affluent town is home to some of the most beautiful and expensive homes and estates in the metro area as well as country.
Neighborhoods in Del Mar
There are some beautiful neighborhoods in Del Mar each having a unique quality of life. The homes are, for the most part, impeccably decorated and feature panoramic views of the Pacific Ocean and other parts of the area. Additionally, Del Mar features a nice mix of single-family homes, condominiums and townhomes. Single-family homes start in the upper-$600s to low-$700s and climb to well over $25 million. Some of the more affordable neighborhoods like Brisas Del Mar, Pointe Del Mar, and Las Vistas are comprised of contemporary, bungalow and Spanish style homes that start in the low-$800s. Other neighborhoods like Del Mar Heights, Del Mar Terrace, and Lomas Del Mar feature homes that start at about $900K. The most expensive homes and estates are located in areas like Beach Colony, Fairbanks Polo Club and Rancho Del Mar where homes start at just over $1 million as well as Sandy Lane where starting prices are at about $4 million. In the Village and Olde Del Mar, considered to be the downtown area of Del Mar, homes are custom built and priced from just over $1 million to over $7 million depending on the views.
As for condominiums and townhomes, prices are much more reasonably priced starting in the upper $100s like in Del Mar Bluffs and climb to almost $2 million in the Village. For the most part, condominiums and townhomes are priced from the upper-$400s to $1 million in communities like Del Mar Woods, Spindrift and Del Mar Villas. These homes are absolutely gorgeous with the most perfect views of the Pacific and other parts of Del Mar.
The Details of the Del Mar Real Estate Market
Del Mar is a very affluent community and is very much reflected that way with real estate. Single-family homes have a median price of about $1.2 million. While prices in Del Mar are slightly slower with their rebounding, the numbers are slowly beginning to turn in a positive direction. The main areas where this is visible are in terms of the number of sales and pending sales which are showing solid and strong increases over previous months and the last year. Additionally, the number of days a home stays on the market in Del Mar is about 95 days.
The numbers for condominium homes are similar in that the prices are slower to rebound than in other areas of San Diego County but the number of sales and pending properties continues to increase each month. As for the length of time on the market, the average number of days is almost 130 days.
Del Mar Real Estate Has Much to Offer
For discriminating buyers who have a desire to live in a very upscale area but still want a more laid-back beach lifestyle, Del Mar is THAT place. It is a close-knit community with many choices for where to live an in what style of home to live. Nowhere else is quite like this town – an upscale beach town with a “flip flop” attitude.