Few people can resist the charm of Del Mar's small and tightly-knit community, magnificent beaches, favorable weather and touristy attractions. However, although Del Mar's real estate market has softened, not everyone can afford buying homes in Del Mar, since they are still at a premium. Condominiums in Del Mar, however, come to the rescue.
Whether you are a permanent resident or a vacationing tourist, you are bound to enjoy living in a Del Mar condominium. First thing you need to do when looking for a condo in Del Mar is to assess your requirements. Del Mar condos come with various size, location, amenity and service options. A majority of them are by the beachfront, thanks to Del Mar's copious coastal facade. But if you are a sports buff, you could also opt for a ski or golf course location as well. As regards rooms and bedrooms, a majority of the condos in Del Mar have up to 4 rooms.
In Del Mar condos, there is neither a dearth of amenities nor of activities. Amenities typically include fireplaces, phones, cable TVs, VCRs, stereos, CD players, kitchen utensils and appliances, microwaves, dishwashers, refrigerators, ice makers, linens, covered parking lots, gas grills and such. On or near site activities could include hiking, golf, fitness center, gym, miniature golf, amusement parks, fishing, shopping, restaurants, live theater, museums, sightseeing, swimming, snorkeling, boating, sailing, waterskiing, surfing, windsurfing, parasailing, shelling and the like.
Majority of the condos are rented in Del Mar, thanks to its appeal to vacationing tourists. Rents could vary depending on the condo type, location, amenities and activities. The figure below shows the spread of rent paid by Del Mar condo or apartment renters, as reported by city-data. The median rent asked for vacant for-rent units, primarily comprising of condos, was $1,568 in 2000 whereas the median gross rent was $1,246. This is substantially higher than the median rent of California estimated at around $840.
Prices for the period from May'05 to May'06 decreased 12.5% for condos in Del Mar, reports realtor Greg Wickstrand. Average prices are partly volatile due to the low number of sales.
Finally, thanks to the cooling real estate market in general, currently the supply of condos in Del Mar is sufficient to accommodate your choices. Inventory in the market has increased along with market times. According to San Diego MLS, there were 50 condos available in Del Mar as of May'06. For a detailed listing of Del Mar condos, visit Del Mar Vacation Rentals.
With the low prices and rentals, as well as the increased supply of condominiums, the present seems to be a good time to buy or rent a condo in Del Mar.
BLOG SUMMARY
The ever-charming Del Mar has always been a coveted location to live or vacation. The blog reasons that with the low condominium prices and rentals, as well as the increased supply of condos in Del Mar, the present seems to be a good time to buy or rent a condo in this dream town.