Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities. Despite changes in prices over the last several years Solana Beach has seen less dramatic changes in their real estate market than some other nearby towns. 

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; area media reports focus on general market conditions and therefore will not provide an accurate picture of the local housing market in Solana Beach. 

The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties). The data are believed to be reliable but are not guaranteed. 

In February 2009 there were 8 homes sold in Solana Beach, as compared to 10 sold in January (a 20% decrease in sales). Here's the breakdown of overall activity.

• All the homes were attached homes; no detached homes closed escrow in February (vs. 7 closing in January)
• The average sales price was $653,000 and the median was $561,250 (the sales price is generally much higher for detached homes - $1.549 million for year-end 2008, and $1.289million for the 7 closing in January 2009)
• Attached homes that sold in February were on the market an average of 113 days
• The average home sold at 92% of the asking price

At the end of February 2009 there were 102 Solana Beach homes for sale (59 detached, priced from $475K up to $4.995 million, and 43 attached homes, priced from $549K to $1.95 million). This represents an inventory of 7.6 months for attached homes and 14.5 months for detached based on the current rate of sales over the last 6 months.  These absorption rates are encouraging when compared to many other parts of the country, some of which have over 2 years of inventory.

In February 25 homes came on the market: 16 detached and 9 attached. During this time 7 homes went pending (1 detached, 6 attached). 

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.

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If I can provide more information about Solana Beach, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits