Solana Beach Homes for Sale - What Happened in the Solana Beach Real Estate Market in February 2012?

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.

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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 February 2012 there were 14 Solana Beach homes sold, 1 less than last month (down 7%). Here’s the breakdown of overall activity.

Sales volume in the Solana Beach real estate market for February rose for detached homes but dropped for attached. In contrast average sale prices rose across the board, although modestly. We are still seeing negotiation in prices, on average from 3 - 8%. Given the small number of sales, one cannot draw any firm conclusions about pricing trends.

At the end of February 2012 there were 91 Solana Beach homes for sale, down 3% from January’s inventory, another decline, making the Solana Beach market more competitive for buyers. 12 of these homes are “contingent” (short sale or REO homes with offers being reviewed by lenders and considered active). This represents an inventory of 9.7months for attached homes (up from 9.3 months last month) and 4.7 months for detached (down from 5.5 months in January) based on the current rate of sales over the last 6 months.

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

In February 24 homes came into the Solana Beach real estate market, 33% more than last month; 15 homes went pending in February 2012, the same as 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 February. More details can be provided if needed with regard to current activity as well.

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