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Del Mar Information
Welcome > Local Info > Del Mar Information ...

Current Del Mar Real Estate Market (92014)

Real-time market research for DEL MAR

Real-time market research for DEL MAR

Del Mar, California


 
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Where the surf meets the turf, lies old Del Mar. Located just west of I-5 along two square miles of breathtaking coastline between La Jolla and Solana Beach, Del Mar is a cozy village that is home to the world-renown thoroughbred racetrack and county fairgrounds. This quaint historical town offers unparalleled views of the Pacific Ocean, natural lagoons, sandstone bluffs and untouched canyons.


Del Mar became notorious in the 1930s as the summer retreat of celebrity horseracing fans such as Bing Crosby and Jimmy Durante. The picturesque racetrack and county fairgrounds, that house large fairs, weddings and all manner of community events still draw millions of enthusiasts from around the world.

Gourmet restaurants, homey coffee shops, specialty boutiques and service businesses line Camino Del Mar, the center of downtown. Locals and visitors alike enjoy the European-style Del Mar Plaza, with an ocean-view patio and fashionable shopping and dining. Visitors and locals can step back in time at L'Auberge Hotel for romantic dining and opulent resort accommodations with the ever-present ocean view.

In recent years, Del Mar has sprouted the surrounding communities of Del Mar Heights to the East, Carmel Valley and Torrey Pines to the South and Torrey Hills to the Southeast. Some of the best hiking trails can be enjoyed at Torrey Pines Reserve and State Beach and its extension, both just south of the city. As you go east on Via De La Valle, you'll find stately ranches, growing grounds and polo fields. But the beach is what keeps visitors coming back year after year.

Del Mar is host to some of the best schools in the state. Residents are afforded an education from the Del Mar Union School District and the San Dieguito Union High School District, which includes the high-ranking Torrey Pines High School. The University of California at San Diego (UCSD) and famous biomedical facilities such as Scripps Clinic and The Salk Institute are located just south of Del Mar. Many scientists, doctors and college professors from these facilities live in Del Mar real estate.

Del Mar homes ...are primarily older beach cottages built between 1950 and 1980 dot the coastline of Del Mar. Intermingled are newer and much larger, almost mansion-like homes. Limited numbers of Del Mar condos and apartments can be found in Del Mar, although these are more common in Del Mar Heights, Carmel Valley and the surrounding communities. Average prices in 2005 for a single-family dwelling were around $1.7 million, and ranged between the high $800,000s to $5 million. Condos sell for between $400,000 to $1.6 million+. Since Del Mar real estate is highly desirable and not plentiful, it has been and will continue to be an excellent investment. Del Mar residents enjoy their casual, yet elegant lifestyle, and value their privacy by supporting the low-growth policy that keeps Del Mar real estate in high demand and preserves their charming city.


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Real Estate Tips
First Time Buyers >The Real Bottom Line

An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!

The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.

When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.

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Real Estate Trivia
Q 
The smallest of Canada's 1000 Islands shares a name with a fairy tale hero. What is it?

A 
Tom Thumb
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Neda Nourani, REALTORŪ, real estate agent and broker for Encinitas, Carlsbad, Leucadia and Olivenhain, California home listings, property and land for sale - Best Image Agent(s)

Neda Nourani
Sea Coast Exclusive Properties

2146 Encinitas Blvd. Suite 110
Encinitas
CA, 92024
Cell Phone: 760-822-7154
Fax: 760-944-9549
Office: 760-944-1112
Email: Neda@HomesByNeda.com
CA DRE: #01441652

Service you deserve. Realtor you can trust.

MLS REALTOR


Coldwell Banker

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