Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for October 2010

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

Solana Beach Real Estate Market Report for October 2010

Solana Beach real estate market report for October 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 Solana Beach real estate market conditions. 

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 October 2010 there were 9 Solana Beach homes sold, 1 less than last month. Here's the breakdown of overall activity. 

  

TOTAL

DETACHED

ATTACHED

# Sold

9 (down 10%)

4 (down 43%)

5 (up 67%)

Average $

$1,092,333 (up 14%)

$1,583,000 (up 40%)

$699,800 (up 25%)

Days on Market

109

101

115

Sale Price/List Price

94%

94%

94%

 

Sales volume declined slightly over September volume, however average prices increased across the board. 

At the end of October 2010 there were 114 Solana Beach homes for sale, 1 more than in September (thus inventory has not shifted much over the last several months). This represents an inventory of 8 months for attached homes (down from 10.1 months) and 7.9 months for detached (up from 8.8 months in September) based on the current rate of sales over the last 6 months.

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

In October 27 homes came on the market (3 more than last month). In contrast, the were 50% fewer pendings - 6, as compared to 12 in September. 

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

READ MORE:

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for September 2010  

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for August 2010  

Solana Beach Homes for Sale - Solana Beach Real Estate Market Report for July 2010  

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

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

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

  

Comments (2)

Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Jeff, another well done market report for Solana Beach CA.  Glad to see your detached sales improving ~ it's seems like a lot of areas are seeing a decrease in the number of homes sold, but the prices are increasing.   Here's to a strong 4th qtr finish!

Nov 15, 2010 04:06 AM
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Jeff:  Is there any definitive data regarding month-to-month sales type - i.e., short sale, equity sale foreclosure?  Tying trends to sales types, might give a glimpse of the profile of the buyers?

Nov 15, 2010 07:13 AM