Solana Beach Real Estate – Solana Beach Real Estate Market Report for May 2010

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Solana Beach Real Estate

Market Report for May 2010

 

Solana Beach Real Estate Market Report for May 2010

Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities in the San Diego area.

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 May 2010 there were 19 Solana Beach homes sold, the same number that sold in April. Here's the breakdown of overall activity. 

  

TOTAL

DETACHED

ATTACHED

# Sold

19 (no change)

6 (down 45%)

13 (up 62%)

Average $

$1,036,282 (up 10%)

$1,959,479 (up 78%)

$610,192 (down 17%)

Days on Market

46

46

46

Sale Price/List Price

95%

96%

95%

 

Sales volume did not change over April volume, which is, of course, better than a decline. The average price rose significantly for detached homes, but this appears to be due to the sale of a $4.5 Million home which drove the averga up substantially. 

At the end of May 2010 there were 114 Solana Beach homes for sale, 2 more than in April. This represents an inventory of 7.3 months for attached homes (down from 7.5 months) and 7.2 months for detached (down from 7.6 months) based on the current rate of sales over the last 6 months.

READ MORE:   How Important is Inventory when Buying or Selling? Very!!

In May 38 homes came on the market (8 more than last month). During the same time 18 homes went pending, 4 less than last month. 

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 May. More details can be provided if needed with regard to current activity as well. 

READ MORE:  

Solana Beach Real Estate - Solana Beach Real Estate Market Report for April 2010  

Solana Beach Real Estate - Solana Beach Real Estate Market Report for March 2010  

Solana Beach Real Estate - Solana Beach Real Estate Market Report for February 2010

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 Real Estate Market Report for November 2009

Solana Beach Real Estate - Solana Beach Real Estate Market Report for October 2009

Solana Beach Real Estate - Solana Beach Real Estate Market Report for September 2009

Solana Beach Real Estate - Solana Beach Real Estate Market Report for August 2009

Solana Beach Real Estate - Solana Beach RealEstate Market Report for July 2009

Solana Beach Real Estate - Solana Beach Real Estate Market Report for June 2009

Solana Beach Real Estate - Solana Beach Real Estate Market Report for May 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 or email me at JDowler@remax.net.

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All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

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Rainmaker
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Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Jeff,

Pretty good numbers for beautiful Solana Beach. Your increase of the average price is very similar to the last time I updated my community.

Jun 08, 2010 04:48 PM #1
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