Solana Beach Real Estate Market Report for July 2011
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 for Solana Beach real estate (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 July 2011 there were 11 Solana Beach homes sold, less than half the number sold in June (23). Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
11 (down 52%) |
3 (down 70%) |
8 (down 38%) |
|
Average $ |
$716,181 (down 8%) |
$1,187,500 (up 18%) |
$539,437 (down 10%) |
|
Days on Market |
144 |
135 |
147 |
|
Sale Price/List Price |
95% |
95% |
95% |
Sales volume declined significantly from June with only 3 detached homes selling. Average sales prices rose for detached homes but declined for attached. Given the small number of sales, especially for detached homes, one cannot draw any firm conclusions about pricing trends.
At the end of July 2011 there were 143 Solana Beach homes for sale, 5% more than at the end of June, another increase albeit modest. Eleven of these homes are “contingent” (short sale or REO homes with offers being reviewed by lenders and considered active). This represents an inventory of 9.1 months for attached homes (down from 11 months) and 12.1 months for detached (up from 10.1 months in June) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In July 33 homes came into the Solana Beach real estate market, 25% more than last month; 9 homes went pending in July 2011, in contrast to 11 last month, a decrease of 18%.
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.
Search for Solana Beach Homes for Sale
READ MORE:
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for June 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for May 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for April 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for March 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for February 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for January 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for December 2010
Comments(0)