Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for March 2011

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Solana Beach Real Estate Market Report for March 2011

 Solana Beach Homes for Sale - Homes for Sale in Solana Beach

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 for Solana Beach real estate (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 March 2011 there were 17Solana Beach homes sold, more than double the number of sales in February. Here's the breakdown of overall activity. 

  

TOTAL

DETACHED

ATTACHED

# Sold

17 (up 125%)

4 (no change)

13 (up 225%)

Average $

$744,352 (down 13%)

$1,382,500 (up 30%)

$548,000 (down 14%)

Days on Market

102

108

100

Sale Price/List Price

94%

90%

95%

 

Sales volume rose substantially over February, with average sales prices increasing for detached. The sales numbers are still relatively small so one cannot draw any firm conclusions about price trends. 

At the end of March 2011 there were 117 Solana Beach homes for sale, 21% more than at the end of February. Three 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 13.2 months for attached homes (down from 15.1 months) and 8.9 months for detached (up from 7.6 months in February) based on the current rate of sales over the last 6 months.

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

In March 42 homes came into the Solana Beach real estate market, an increase of 56% over February and the 3rd month in increased inventory; 10 homes went pending in March 2011, 3 fewer 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 July. More details can be provided if needed with regard to current activity as well. 

Search for Solana Beach Homes for Sale

 

READ MORE:

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for February 2011  

Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for January 2011  

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

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

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Rainmaker
535,255
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Nicely presented! Best, G

Apr 12, 2011 03:43 PM #1
Rainer
90,609
Maya Swamy
Funds Available - Long Beach, CA
Ph.D. Long Beach, CA - fundsavailable.com

What beautiful places you live near. I thought the westide of Los Angepes had special spots but yours are - well more.

Apr 12, 2011 04:09 PM #2
Rainmaker
1,924,738
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Jeff

Solana looks like the place to be; great market report

Apr 12, 2011 04:24 PM #3
Rainmaker
637,283
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Jeff, the photo of Solano Beach in CA looks inviting.... this will make a good picture for me to go to sleep by.

Apr 12, 2011 04:34 PM #4
Ambassador
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Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change

Love the images you put with you posts Jeff.  If this real estate gig doesn't pan out, you could freelance as a photographer ;)

Apr 12, 2011 05:52 PM #5
Rainmaker
1,793,577
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Solana Beach is a gorgeous place to live and I can dream with your pictures Jeff!

Apr 13, 2011 12:55 AM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Gay - thanks for the compliment.

Maya - thanks. LA has some gorgeous areas, too, though.

Tom - one of many, IMO.

Maria - zzzzzzz

Karen - I appreciate the conmpliment. MAybe I should supplement my income?

Ginny - that IS a big part of the appeal, isn't it? But your coastline is spectacular as well, from what I have seen.

Jeff

 

Apr 13, 2011 04:07 AM #7
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