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 February 2010 15 homes sold in the Solana Beach real estate market, a decrease of 6 (40%) from January. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
9 (down 40%) |
5 (down 50%) |
4 (down 20%) |
|
Average $
|
$760,005 (down 27%) |
$805,700 (down 31%) |
$703,000 (down 10%) |
|
Days on Market
|
120 |
88 |
183 |
|
Sale Price/List Price
|
92% |
92% |
92% |
Of the Solana Beach sales, 2 of the detached homes were REOs. 8 of the 9 sales were under $1 million, which resulted in the dramatic drop in average prices from last month.
There were 6 Solana Beach homes on the market with a Contingent status (one more 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 February 2010 there were 99 Solana Beach homes for sale, up 15% from last month - this is the second consecutive increase in inventory following 4 months of declines. This represents an inventory of 6.7 months for attached homes (compared to 4.9 months in January) with a small increase to 7 months for detached homes from 6.8 months in January, based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In February 36 homes came on the market (up by 20%), and 14 homes went pending, the same as last month.
I am happy to provide you with more information about current real estate activity in the Solana Beach real estate market or answer specific questions if you are planning to buy or sell a Solana Beach Home.
READ MORE:
Solana Beach Real Estate - Solana Beach Real Estate Market Report for January 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for December 2009
Solana Beach Real Estate - Solana Beach Market Report for November 2009
Solana Beach Real Estate - Solana Beach Market Report for October 2009
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 © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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