It is not easy to find an area where the real estate market is trending up now a day. Today, you are about to meet a city that is still in the green for positive with increased trends in average home sales. Lately, I wrote about REOs, Bank Owned and Foreclosure properties, while it might not be inspirational for many homeowners, it could be quite enticing for many real estate investors.
How would you like to read a similar summary report about your investment property or residence? “Average price per square foot was $639, an increase of 1.3% compared to the same period last year. The median sales price for homes from Nov 10 to Jan 11 was $999,500 based on 32 home sales. Compared to the same period one year ago, the median home sales price increased 12.6%, or $112,000, and the number of home sales decreased 28.9%...” You don't need to have one of those accounting jobs to understand the straight forward increase in value.
Ladies and gentlemen, that was a snippet summary for the current Del Mar, California Real Estate market. Del Mar is two square miles of coastal land best known for its fairgrounds, and the Del Mar Thoroughbred Club "where the surf meets the turf." The Del Mar fairgrounds, is now one of the world's most famous race tracks, located 20 miles north of downtown San Diego.
Even with the massive foreclosures deals coming to closed in many Southern California cities causing a decreased in the average median home sales, Del Mar, Ca didn't seemed to be affected. Statistics showed an average listing price of $2,463,498 for the week ending Feb 16, 2011, which is an increase of 0.8%. This is great news for many Del Mar residence and investors.
Del Mar’s stable home prices should not discourage anyone from investing. Investment ideas and dreams can still happen as we get back to the current real estate market reality. You could still own properties where the skies are blue and there isn’t snow to shove every winter. So looking at the blue skies, we see the beautiful Maui, Hawaii Investment Properties, which has not been spared by the recent real estate downfall. You can find many deals to invest, especially if you are handy with repairs and can give tender loving care to the distressed homes.
More over, you could also find bargain prices for Dallas, Texas homes, with median sales price of $82,393 and average listing price of $438,764. Now, the one thing you must know about these numbers is that they are “averages” of all neighborhoods, and this could be misleading. Like most large cities, Dallas is comprised of many little cities and some can be vastly different in terms of schools and neighborhood. If, you are looking for a neighborhood that is family oriented and has high Academic Performance Index (API) scores schools, it will cost you accordingly. Nevertheless, with 2,366 foreclosure homes in Dallas, Texas, perhaps you might be able to find one or two that could fit your pocket book and taste?
Stats for Del Mar, CA from Trulia.com
Image credits Google Search