Solana Beach Real Estate Market Report for November 2010

Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in the North San Diego County area.

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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 statistics and therefore will not provide you with an accurate picture of the Solana Beach real estate market conditions. 

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 housing). The data are believed to be reliable but are not guaranteed. 

In November 2010 there were 11 Solana Beach homes sold, 2 more than last month. Here's the breakdown of overall activity. 

Sales volume increased modestly over October volume but doubles for detached home, however average prices decreased across the board. Average days on market has remained around 4 months. The sales numbers are still pretty small so it is not wise to try and draw any firm conclusions. 

At the end of November 2010 there were 109 Solana Beach homes for sale, 5 fewer than at the end of October (thus inventory has not shifted much over the last several months). This represents an inventory of 10.8 months for attached homes (up from 8 months) and 7 months for detached (down from 7.9 months in October) 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 24 homes came into the Solana Beach real estate market (3 less than last month). In contrast, there were more than twice as many homes going pending - 13, as compared to 6 in October. 

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 July. More details can be provided if needed with regard to current activity as well. 

READ MORE:

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for October 2010  

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for September 2010  

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for August 2010  

Solana Beach Homes for Sale - Solana Beach Real Estate Market Report for July 2010  

Solana Beach Real Estate - Solana Beach Real Estate Market Report for June 2010  

Solana Beach Real Estate - Solana Beach Real Estate Market Report for May 2010