What’s my Solana Beach Home Worth? Solana Beach Homes January 2018

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Real Estate Agent with Solutions Real Estate CalBRE License #01490977

What’s the Value of my Solana Beach Home?

Solana Beach Real Estate Market Report for January 2018

 

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

 

Understanding recent trends and current market conditions is essential so you can make informed decisions about buying or selling Solana Beach Homes for Sale.

 

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 January 2018 there were 12 Solana Beach homes sold, a decrease by 14% from the number of sales in December.

 

TOTAL HOMES SOLD

12 (down 14%), 49 Days on Market, Ave. Sales Price $1,606,666 (up 28%), Ave. sale 94% of asking price,

Detached Homes Sold
5 (up 67%), 57 Days on Market, Ave. Sales Price $2,390,000 (down 20%), Ave. sale 90% of asking price

Attached Homes Sold
7 (down 36%), 43 Days on Market, Ave. Sales Price $1,047,142 (up 33%), Ave. sale 97% of asking price

 

Overall sales volume in the Solana Beach housing market for January decreased modestly from December, with a substantial decline in attached home sales, but an increase for sales of detached homes. Average sales prices decreased for detached but increased for attached homes.

 

We are still seeing negotiation in prices, on average 3 - 10%, however 2 attached homes sold for over asking (17%). 31% of the homes sold for cash, compared to 36% last month.

 

The MEDIAN sales price of a detached home was $1,700,000 (up 13%), based on only 5 sales, and $1,130,000 (up 51%) for attached. Given the number of sales, one cannot draw any firm conclusions about pricing trends over just a 1-month period.

 

Solana Beach townhomes

 

At the end of January 2018 there were 35 homes for sale in Solana Beach, a modest upswing in inventory by 2 homes following a decline in December. There were no contingent listings (typically short sale or REO homes with offers being reviewed by lenders and considered active) the same as last month.

 

This represents an inventory of 1.7 months for attached homes (up from 1.5 months last month) and 5.7 months for detached (the same as last month) based on the current rate of sales over the last 3 months. Housing remains competitive for buyers in Solana Beach, and is a very strong sellers’ market for attached homes and a strong sellers’ market for detached homes but at the moment is close to a balanced market for detached homes.

 

In January 24 new listings hit the Solana Beach real estate market, more than twice the number in December which is good news for buyers; similarly, the number of homes going pending (not including homes that sold in January) increased significantly, from 5 last month to 17 in January.

 

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 1 or 2 months and closed in January. Please give me a call at (760) 840-1360 so we can discuss your housing needs and budget, and any questions you have about the market and how it affects your buying and selling needs and plans.

 

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 December 2017

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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I found this blog post about Solana Beach homes to be not only informative but a joy to read Jeff Dowler 

Feb 12, 2018 10:17 PM #1
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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. Thank you for sharing 

Feb 13, 2018 04:21 AM #2
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thanks Paul S. Henderson, REALTOR®,CRS,  Solana Beach is relatively small as is the inventory, but despite that there are a variety of opportunities!

Jeff

Feb 13, 2018 07:30 AM #3
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Gita Bantwal It's valuable information for buyers and sellers!

Thanks for stopping by and for the kind words.

Jeff

Feb 13, 2018 07:31 AM #4
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