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Market Data for JANUARY through MARCH 2007 - Solana Beach, CA

By Jeff Dowler, CRS

Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

April 18, 2007 04:50 PM

Here are the summary MLS statistics for Solana Beach for January, February and March 2007.

A few things of note. The number of homes for sale, while not a large inventory, has remained fairly stable in Solana Beach. Given the number of new homes coming on the market each month is about the same, this also means the rate of sales has also been relatively constant.

The changes since the inventory peaked in August of 2006 are dramatic - current inventory is 40% less than during the peak. The prices tend to shift each month as the inventory that sells does, so there are increases in the median as well as decreases as you look from month to month. Overall the median prices are gradually trending upwards as compared to 1 year ago.

AS OF JANUARY 31, 2007	ATTACHED HOMES	DETACHED HOMES
Active	49	38
New on Market in January	20	10
Sold in Last 6 Months	49	30
Sold/Pending In Last 6 months	56	39
Absorption Rate (Solds)	180 days	228 days
Absorption Rate (Solds Plus Pendings)	158 days	175 days
Average Days on Market	108	91
Median Price Change From 1 Year Ago	19%	0%
Median Price	$605,000	$1,200,000
% Chgn. In MDN from prior month	-18%	0%
Average Price	$800,833	$1,260,400

AS OF FEBRUARY 28, 2007	ATTACHED HOMES	DETACHED HOMES
Active	47	38
New on market in February	15	10
Sold in Last 6 Months	48	32
Sold/Pending In Last 6 months	61	41
Absorption Rate (Solds)	176 days	214 days
Absorption Rate (Solds Plus Pendings)	139 days	167 days
Average Days on Market	98	94
Median Price Change From 1 Year Ago	-33%	49%
Median Price	$550,000	$1,450,000
% Chgn. In MDN from prior month	-9%	20%
Average Price	$695,000	$1,372,423

AS OF MARCH 31, 2007	ATTACHED HOMES	DETACHED HOMES
Active	44	41
New on market in March	16	13
Sold in Last 6 Months	42	35
Sold/Pending In Last 6 months	54	41
Absorption Rate (Solds)	189 days	211 days
Absorption Rate (Solds Plus Pendings)	147 days	180 days
Average Days on Market	79	91
Median Price Change From 1 Year Ago	5%	11%
Median Price	$650,000	$1,335,000
% Chgn. In MDN from prior month	18%	-9%
Average Price	$804,736	$1,335,342

As an Solana Beach REALTOR, if I can provide more information or answer any questions about the Solana Beach housing market, or other surrounding communities (e.g., San Marcos, Del Mar, Encinitas, Carlsbad/La Costa, Cardiff), please email me at jdowler@remax.net or call my cell (760) 840-1360.

If you are a first time buyer, check out First Time Buyer Central for information on the buying process and everything you need to know as a buyer. And if you are relocating, Relocation A to Z is a great resource.

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