What’s my Solana Beach Home Worth? Market Report for December 2016

By
Real Estate Agent with Solutions Real Estate CalBRE License #01490977

What’s the Value of my Solana Beach Home?

 

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

 

As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential so you can make informed decisions about Solana Beach Homes for Sale; media reports focus on general market statistics and do not provide you with an accurate picture of the local Solana Beach housing market.

 

READ MORE about the Solana Beach Community:

Solana Beach Real Estate

 

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 at the time the report was published, but are not guaranteed.

 

In December 2016 there were 12 Solana Beach homes sold, the same as last month.

 

TOTAL HOMES SOLD

12 (no change), 40 Days on Market, Ave. Sales Price $1,963,708 (up 23%), Ave. sale 94% of asking price,

Detached Homes Sold
7 (up 17%), 57 Days on Market, Ave. Sales Price $2,795,000 (up 30%), Ave. sale 94% of asking price

Attached Homes Sold,
5 (down 17%),18 Days on Market, Ave. Sales Price $799,900 (down 24%), Ave. sale 94% of asking price

 

Solana Beach condos

 

Sales volume in the Solana Beach housing market for December remained the same s in November, but with 1 more single family detached home for sale and 1 less attached. Average sales prices rose substantially for detached, in large part due to the sale of 4 home selling for over $4M, 1 of them at $5.75M, that raised the average. The average price of attached homes declined. We are still seeing negotiation in prices, on average 6% and all homes sold for under the asking price. 33% of the homes sold for cash, the same as last month.

 

The MEDIAN sales price of a detached home was $3,050,000 (up 94% from last month but due to 1/3 of the homes selling at over $4M), and $492,500 (down 33%) for attached. Given the relatively small number of sales, one should not draw any firm conclusions about pricing trends over a 1-month period.

 

At the end of December 2016 there were only 26 homes for sale in Solana Beach, down 24% from last month, another decline. There were no contingent listings (short sale or REO homes with offers being reviewed by lenders and considered active) as of the end of the month as in November. This represents an inventory of only 1.5 months for attached homes (up from 1.4 months last month) and 2.1 months for detached (down from 3 months last month) based on the current rate of sales over the last 6 months. Housing remains very competitive for buyers in Solana Beach, and is a strong sellers’ market for both detached and attached homes, but especially for the latter.

READ MORE: 

 How Important is Inventory when Buying or Selling? Very!!

 

In December 11 homes came on the Solana Beach real estate market, down 31% from last month; the number of homes going pending also decreased to 8, down 47% from 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 December. More details can be provided if needed with regard to current activity as well.

 

SEARCH FOR SOLANA BEACH HOMES FOR SALE

 

SEARCH FOR SOLANA BEACH CONDOS FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in November 2016

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Rainmaker
2,663,637
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great title for SEO and I am sure you will pick up a ton of clients!

Jan 06, 2017 08:10 AM #1
Rainmaker
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Nick & Trudy Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtors, Philly Main Line

Another solid market report that should encourage buyers and sellers alike to contact you to take the next step.

Jan 06, 2017 08:42 AM #2
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Jeff...this report is packed full of great real estate information for Solana Beach. Those wanting to buy or sell in Solana Beach would be wise to call you for your real estate expertise and knowledge of the area. 

Jan 06, 2017 03:01 PM #3
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is a very nice market report on Solana Beach. Buyers and seller will see that you know what you are talking about. I hope they contact you.

Jan 06, 2017 03:30 PM #4
Rainmaker
4,149,267
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Jeff.  Thanks for the information and update for the real estate market in Solana Beach.

Jan 06, 2017 04:38 PM #5
Rainmaker
3,913,635
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thanks for sharing.

Jan 07, 2017 05:36 AM #6
Rainmaker
2,520,370
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, Always interested in the avearge price in your area.  Hope 2017 is a great year for you!

 

Jan 07, 2017 08:16 AM #7
Rainmaker
1,673,790
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Whatever the Seller thinks their house is worth Jeff Dowler will give you the honest truth!

Jan 08, 2017 10:17 AM #8
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Jeff Dowler, CRS

The Southern California Relocation Dude - Carlsbad
What's my Carlsbad CA Area Home Worth??
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