Here are the summary MLS statistics for Solana Beach for the months of November and December 2006.
Most notable is the downward shift in inventory by 17% from November to December - this is not entirely unexpected due to the holiday season. Solana Beach prices, while showing a small decrease from November to December for detached homes, remain stable or continue to rise albeit slowly - there has been no overall change in the median for attached homes, however detached homes have increased by 4% since 1 year ago.
The spring market will be very telling in terms of the type of activity we are likely to see in 2007. Because of the relatively small inventory and the appeal of the beach, Solana Beach remains one of the more desirable, and expensive, coastal towns in the San Diego area. Of the 38 detached homes on the market only 9 are under $1 million (an increase from months past where little came on the market under $1 million).
AS OF NOV. 30, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 47 | 48 |
Sold in Last 6 Months | 41 | 31 |
Sold/Pending In Last 6 months | 56 | 43 |
Absorption Rate (Solds) | 206 days | 279 days |
Absorption Rate (Solds Plus Pendings) | 151 days | 201 days |
Average Days on Market | 66 | 65 |
Median Price Change From 1 Year Ago | 0% | 4% |
Median Price | $700,000 | $1,225,000 |
% Chgn. In MDN from prior month | 0% | 0% |
Average Price PRODUCED BY JEFF DOWLER | $785,789 | $1,467,823 |
AS OF DEC. 31, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 39 | 40 |
Sold in Last 6 Months | 46 | 34 |
Sold/Pending In Last 6 months | 57 | 42 |
Absorption Rate (Solds) | 135 days | 226 days |
Absorption Rate (Solds Plus Pendings) | 103 days | 190 days |
Average Days on Market | 68 | 62 |
Median Price Change From 1 Year Ago | 0% | 4% |
Median Price | $700,000 | $1,200,000 |
% Chgn. In MDN from prior month | 0% | -2% |
Average Price PRODUCED BY JEFF DOWLER | $785,697 | $1,429,220 |
If I can answer any questions or provide further information, please don't hesitate to ask.
If you are a first time buyer, there is lots of information on my blog.
And if you are relocating, check out my articles on what you should know when relocating.
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