Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities in coastal San Diego. Despite changes in prices over the last several years the Solana Beach real estate market has seen less dramatic changes than some other nearby towns further inland.
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; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Solana Beach real estate market.
The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed.
In October 2009 15 homes sold in the Solana Beach real estate market, an increase over the prior month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
15 (up 27%) |
3 |
12 |
|
Average $
|
$893,440 (up 5%) |
*$1,933,333 (up 67%) |
$633,446 (up 32%) |
|
Days on Market
|
84 |
72 |
82 |
|
Sale Price/List Price
|
93% |
91% |
94% |
*There were only 3 homes sold, ranging from $750K to $3.3 million which accounts for the large increase in the average sales price.
There were 7 Solana Beach homes on the market with a Contingent status (1 less than last month), i.e., short sale or REO homes that have offers being considered by lenders. These are included in the statistics below.
At the end of October 2009 there were 112 Solana Beach homes for sale, down 7% from last month (following a 12% decline from August). This represents an inventory of 6.1 months for attached homes (compared to 7.4 months in September) with another respectable decrease to 10.7 months for detached homes from the 11.4 months last month, based on the current rate of sales over the last 6 months.
In October 42 homes came on the market, over double the number in September, and 17 homes went pending, 2 less than last month.
I am happy to provide you with more information about current real estate activity in the Solana Beach real estate market.
READ MORE:
Solana Beach Real Estate - Solana Beach Market Report for September 2009
Solana Beach Real Estate - Solana Beach Market Report for August 2009
Solana Beach Real Estate - Solana Beach Market Report for July 2009 Solana Beach Real Estate - Solana Beach Market Report for June 2009 Solana Beach Real Estate - Solana Beach Market Report for May 2009 Solana Beach Real Estate - Solana Beach Market Report for April 2009 Solana Beach Real Estate - Solana Beach Market Report for March 2009
Solana Beach Real Estate - Solana Beach Market Report for February 2009
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If I can provide more information about Solana Beach real estate 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 © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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