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 December 2009 18 homes sold in the Solana Beach real estate market, an increase of 20% over November. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
18 (up 20%) |
12 (up 140%) |
6 (down 40%) |
|
Average $
|
$888,648 (up 25%) |
$1,087,722 (up 12%) |
$490,000 (down 25%) |
|
Days on Market
|
95 |
106 |
97 |
|
Sale Price/List Price
|
95% |
94% |
97% |
There were 4 Solana Beach homes on the market with a Contingent status (the same as 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 December 2009 there were 82 Solana Beach homes for sale, down 9% from last month - this is the 4th consecutive month of dropping inventory. This represents an inventory of 4.8 months for attached homes (compared to 3.9 months in November) with another decrease to 6.6 months for detached homes (the lowest in 2009) from 9.2 months in November, based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In December 21 homes came on the market (up by 50% over November), and 14 homes went pending, 18% fewer than 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 Market Report for November 2009
Solana Beach Real Estate - Solana Beach 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 © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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