SOLANA BEACH REAL ESTATE MARKET REPORT
Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities. Despite changes in prices over the last several years Solana Beach has seen less dramatic changes in their real estate market than some other nearby towns.
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). The data are believed to be reliable but are not guaranteed.
In April 2010 there were 19 homes sold in Solana Beach, more than twice the number sold in March. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
19 (up 111%) |
11 (up by 9) |
8 (up by 1) |
|
Average $
|
$945,330 (up 14%) |
*$1,100,371 (down 33%) |
$732,150 (up 32%) |
|
Days on Market
|
101 |
146 |
39 |
|
Sale Price/List Price
|
98% |
100% |
96% |
Sales volume doubled over that for March, and days on market also went up significantly.
At the end of April 2010 there were 112 Solana Beach homes for sale, 2 more than in March. This represents an inventory of 7.5 months for attached homes (up from 6.5 months) and 7.8 months for detached (down from 9.7 months) based on the current rate of sales over the last 6 months. These absorption rates remain encouraging when compared to many other parts of the country, some of which have over 2 years of inventory.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In April 30 homes came on the market (7 fewer than last month). During the same time 22 homes went pending, 1 more than last month.
This overview of the Solana Beach real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in March. More details can be provided if needed with regard to current activity as well.
READ MORE:
Solana Beach Real Estate - Solana Beach Real Estate Market Report for March 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for February 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for January 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for December 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for November 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for October 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for September 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for August 2009
Solana Beach Real Estate - Solana Beach RealEstate Market Report for July 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for June 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for May 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for April 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 or email me at JDowler@remax.net.
All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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