Solana Beach Homes for Sale - Market Report for Solana Beach for December 2010

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Real Estate Agent with eXp Realty of California CA DRE #01490977

 Solana Beach Real Estate Market Report for December 2010

Solana Beach Homes for Sale - Market Report for Solana Beach for December 2010

Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in the North San Diego County 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; media reports focus on general market statistics and therefore will not provide you with 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 or mobile/manufactured housing). The data are believed to be reliable but are not guaranteed. 

In December 2010 there were 11 Solana Beach homes sold, the same as last month. Here's the breakdown of overall activity. 

  

TOTAL

DETACHED

ATTACHED

# Sold

11 (no change)

8 (no change)

3 (no change)

Average $

$1,055,695 (down 1%)

$1,179,893 (down 11%)

$724,500 (up 104%)

Days on Market

103

114

74

Sale Price/List Price

92%

93%

91%

 

Sales volume remained consistent with November across the board, with a small drop in average sales price overall. The sales numbers are still pretty small so it is not wise to try and draw any firm conclusions about price trends.

At the end of December 2010 there were 97 Solana Beach homes for sale, down 11% from the end of November. Eight of these homes are CONTINGENT (short sale or REO homes with offers being reviewed by lenders and so technically still active). This represents an inventory of 11.2 months for attached homes (up from 10.8 months) and6.2 months for detached (down from 7 months in November, another decline) based on the current rate of sales over the last 6 months.

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

In December only 6 homes came into the Solana Beach real estate market (1/4 the number last month). 11 homes went pending, just 2 less than in November. 

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 November 2010  

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

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

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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Solana Beach is my favorite little coastal town in the San Diego area.  I can spend hours in the little shops and galleries.  I once purchased the best chocolate (made with red pepper) in one of the specialty shops.  It's a fun place to spend the day and living there would be a real treat.

Jan 04, 2011 01:20 PM #1
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Norma - well I have to agree. SB is pretty charming, especially the Cedros Design District, and they have great beaches. The chocolate sounds wonderful. Ciuao (sp?) makes some interesting chocolates but not sure they are there. Now SB has the Temecula Olive Oil Company with tastings.

Jeff

Jan 04, 2011 01:52 PM #2
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Gail C. Harris
Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD
Reach the BEACH with Gail C. Harris (cell: 703.868

Jeff, I enjoy reading your blogs.  I also very much enjoy your videos of your listings.  Currently, AR and Kodak is running a contest to create your own video.  You might want to check it out.  Bet you have a shot at winning. :)  It's 7500 points, a camera, and a such.  They are awarding 1 2- 3 place with prizes and points (3rd place may just be 7500 pts!) and everyone who comes in 4th an below gets 3500 points. :) Gail

Jan 04, 2011 11:54 PM #3
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