Solana Beach Real Estate Market Report for June 2011
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 June 2011 there were 23 Solana Beach homes sold, 11% more than the number of sales in April. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
23 (up 130%) |
10 (up 67%) |
13 (down 225%) |
|
Average $
|
$776,065 (down 26%) |
$1,005,250 (down 33%) |
$599,769 (up 35%) |
|
Days on Market
|
68 |
53 |
81 |
|
Sale Price/List Price
|
95% |
97% |
95% |
Sales volume rose significantly over May, with average sales prices increasing significantly for detached homes but declining for detached, the same pattern as in May.
At the end of June 2011 there were 136 Solana Beach homes for sale, 5% more than at the end of May. Ten of these homes are "contingent" (short sale or REO homes with offers being reviewed by lenders and considered active). This represents an inventory of 11 months for attached homes (down from 14.4 months) and 10.1 months for detached (up from 9.9 months in May) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In June 25 homes came into the Solana Beach real estate market, 26% less than in May; 11 homes went pending in June 2011, in contrast to 15 last month, a decrease of 27%.
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 May 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for April 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for March 2011
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
Comments(4)