Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities in coastal San Diego. Despite changes in prices over the last several years the Solana Beach real estate market has seen less dramatic changes than some other nearby towns further inland.
READ MORE: Solana Beach Real Estate
As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; area media reports focus on general market conditions and therefore will not provide an accurate picture of the local housing market in Solana Beach.
The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed.
In August 2009 11 homes sold in the Solana Beach real estate market, a drop of 21% from July sales which had also dropped from June numbers. Here's the breakdown of overall activity.
|
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TOTAL
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DETACHED
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ATTACHED
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|
# Sold
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11 (down 21%)
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4
|
7
|
|
Average $
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$865,375 (down 14%)
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$1,332,250 (down 19%)
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$599,161 (up 17%)
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Days on Market
|
91
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167
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48
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|
Sale Price/List Price
|
92%
|
89%
|
94%
|
It is unwise to draw any firm conclusions about pricing trends because of the small number of sales that are occurring each month, and upward and downward shifts due to the particular sales at the high and low end of the Solana Beach real estate market.
Of the 11 home sales in August, 1 attached home was an REO.
There were 5 Solana Beach homes on the market with a Contingent status (1 less than last month), i.e., short sale or REO homes that have offers in that are being considered by the lenders. These are included in the statistics below.
At the end of August 2009 there were 137 Solana Beach homes for sale, almost the same as the previous month. This represents an inventory of 8.4 months for attached homes (compared to 7.4 months in July) with another decrease to 15.4 months for detached homes from the 17.8 months in July, based on the current rate of sales over the last 6 months.
In August 30 homes came on the market, 25% more than in July. At the same time 15 homes went pending, almost the number as in July. Overall these numbers suggest a positive trend for the Solana Beach real estate inventory, despite the modest drop in sale volume..
More details can be provided if needed with regard to current real estate activity in Solana Beach.
READ MORE:
Solana Beach Real Estate - Solana Beach Market Report for July 2009
Solana Beach Real Estate - Solana Beach Market Report for June 2009
Solana Beach Real Estate - Solana Beach Market Report for May 2009
Solana Beach Real Estate - Solana Beach Market Report for April 2009
Solana Beach Real Estate - Solana Beach Market Report for March 2009
Solana Beach Real Estate - Solana Beach Market Report for February 2009
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If I can provide more information about Solana Beach real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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I do not like hearing that the prices are dowen in Solana Beach. But, with only 11 closed, maybe that is not enough individual units for us to get a true feeling for the Solana Beach market. Good for buyers. Stinky for homewoners who rely on the equity!