The summary statistics from the MLS for Solana Beach for January, February, March and April 2007 are shown below.
Several trends are worth noting and watching over the next few months. The absorption rate has increased for attached homes - with the inventory fairly stable, the number of sales has slacked off a bit so we now have about 7 months worth of inventory. Prices have remained fairly stable in the last 4 months, although they have bounced around as you look on a monthly basis; this is often due to the particular inventory that sells each month. This is also true, to some extent, of prices as compared to a year ago. Given the nature of our market, it is prudent to continue to watch on a monthly basis, as one cannot draw any firm conclusions based on these data. If I can provide more information the market or homes for sale in Solana Beach, please let me know. AS OF JANUARY 31, 2007 | ATTACHED HOMES | DETACHED HOMES | Active | 49 | 38 | New on Market in January | 20 | 10 | Sold in Last 6 Months | 49 | 30 | Absorption Rate (Solds) | 180 days | 228 days | Average Days on Market | 108 | 91 | Median Price Change From 1 Year Ago | 19% | 0% | Median Price | $605,000 | $1,200,000 | % Change in MDN from prior month | -18% | 0% | Average Price | $800,833 | $1,260,400 |
AS OF FEBRUARY 28, 2007 | ATTACHED HOMES | DETACHED HOMES | Active | 47 | 38 | New on market in February | 15 | 10 | Sold in Last 6 Months | 48 | 32 | Absorption Rate (Solds) | 176 days | 214 days | Average Days on Market | 98 | 94 | Median Price Change From 1 Year Ago | -33% | 49% | Median Price | $550,000 | $1,450,000 | % Change in MDN from prior month | -9% | 20% | Average Price | $695,000 | $1,372,423 |
AS OF MARCH 31, 2007 | ATTACHED HOMES | DETACHED HOMES | Active | 44 | 41 | New on market in March | 16 | 13 | Sold in Last 6 Months | 42 | 35 | Absorption Rate (Solds) | 189 days | 211 days | Average Days on Market | 79 | 91 | Median Price Change From 1 Year Ago | 5% | 11% | Median Price | $650,000 | $1,335,000 | % Change in MDN from prior month | 18% | -9% | Average Price | $804,736 | $1,335,342 |
AS OF APRIL 30, 2007 | ATTACHED HOMES | DETACHED HOMES | Active | 50 | 44 | New on Market in April | 19 | 10 | Sold in Last 6 Months | 41 | 34 | Absorption Rate (Solds) | 220 days | 233 days | Average Days on Market | 72 | 94 | Median Price Change From 1 Year Ago | -2% | 9% | Median Price | $645,000 | $1,295,000 | % Change in MDN from prior month | -1% | -3% | Average Price | $800,730 | $1,303,880 |
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Anyone from Solana Beach have any thoughts or comments on the data? What is YOUR impression of the SB marketplace.
Jeff