Solana Beach Real Estate Market Report for December 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.
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 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 December 2010 there were 11 Solana Beach homes sold, the same as last month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
11 (no change) |
8 (no change) |
3 (no change) |
|
Average $
|
$1,055,695 (down 1%) |
$1,179,893 (down 11%) |
$724,500 (up 104%) |
|
Days on Market
|
103 |
114 |
74 |
|
Sale Price/List Price
|
92% |
93% |
91% |
Sales volume remained consistent with November across the board, with a small drop in average sales price overall. The sales numbers are still pretty small so it is not wise to try and draw any firm conclusions about price trends.
At the end of December 2010 there were 97 Solana Beach homes for sale, down 11% from the end of November. Eight of these homes are CONTINGENT (short sale or REO homes with offers being reviewed by lenders and so technically still active). This represents an inventory of 11.2 months for attached homes (up from 10.8 months) and6.2 months for detached (down from 7 months in November, another decline) 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 only 6 homes came into the Solana Beach real estate market (1/4 the number last month). 11 homes went pending, just 2 less than in November.
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 November 2010
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
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