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; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Solana Beach real estate market.
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 November 2009 15 homes sold in the Solana Beach real estate market, the same as in the previous month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
15 (no change) |
5 (up 67%) |
10 (down 17%) |
|
Average $
|
744,774 (down 17%) |
*$973,023 (down 50%) |
$646,750 (up 2%) |
|
Days on Market
|
90 |
96 |
68 |
|
Sale Price/List Price
|
93% |
95% |
94% |
*3 of the 5 homes sold for under $1 million, and the other two were below $1.6 million. which accounts for the large decrease in the average sales price (last month a sale for $3.3 million pulled the average up significantly)
There were 4 Solana Beach homes on the market with a Contingent status (3 less than last month), i.e., short sale or REO homes that have offers being considered by lenders. These are included in the statistics below.
At the end of November 2009 there were 90 Solana Beach homes for sale, down 20% from last month (following a 7% drop from September and a 12% decline from August). This represents an inventory of only 3.9 months for attached homes (compared to 6.1 months in October) with another respectable decrease to 9.2 months for detached homes from the 10.2 months last month, based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In November only 14 homes came on the market, 1/3 the number of new listings in October, and 17 homes went pending, the same as last month.
I am happy to provide you with more information about current real estate activity in the Solana Beach real estate market.
READ MORE:
Solana Beach Real Estate - Solana Beach Real Estate Market Report for October 2009
Solana Beach Real Estate - Solana Beach Market Report for September 2009
Solana Beach Real Estate - Solana Beach Market Report for August 2009
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 "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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