What’s my Solana Beach Home Worth? Solana Beach Market in April 2015

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977
https://activerain.com/droplet/4F48

 What’s my Solana Beach Home Worth?

What Happened in the Solana Beach Real Estate Market in April 2015?

 

Solana Beach oceanfront homes and condos for sale, and Properties for sale in Solana Beach CASolana 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.

 

As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential so you can make informed decisions about Solana Beach Homes for Sale; media reports focus on general market statistics and do not provide you with an accurate picture of the local Solana Beach housing market.

 

READ MORE about the Solana Beach Community: 

Solana Beach Real Estate

 

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 at the time the report was published, but are not guaranteed.

 

In April 2015 there were 20 Solana Beach homes sold, down 5% from March.

 

 

TOTAL

DETACHED

ATTACHED

# Sold

20 (down 5%)

5 (down 67%)

15 (up 150%)

Average $

$1,194,775 (down 4%)

$2,583,400 (up 76%)

$731,900 (up 10%)

Days on Market

46

85

33

Sale Price/List Price

95%

91%

97%

         

Sales volume in the Solana Beach housing market for April shifted slightly with 1 less home selling as compared to March. Average sales prices rose dramatically for detached homes (likely due to the sale of 1 home at $6M and 1 at $4.075M which raised the average), but less dramatically for attached homes. We are still seeing negotiation in sales prices, on average 3 - 9%, with a few homes selling for over asking price, and 25% of the homes sold for cash (compared to 24% as last month).

 

Solana Beach homes with views for sale, and Luxury Homes for sale in Solana Beach CA

 

The MEDIAN sales price of a detached home was $1,365,000 (up 6% from last month), and $785,000 (up 4%) for attached. Given the small number of sales one cannot draw any firm conclusions about pricing trends over a 1-month period.

 

At the end of April 2015 there were 30 homes for sale in Solana Beach, down by 6% from March. There was 2 contingent listings (short sale or REO homes with offers being reviewed by lenders and considered active) that are included in the Active statistics. This represents an inventory of 1.4 months for attached homes (down from 1.7 last month) and 2.3 months for detached (the same as last month) based on the current rate of sales over the last 6 months. Housing remains very competitive for buyers in Solana Beach, and is a strong sellers’ market for attached homes,/townhomes and detached homes.

 

READ MORE: 

 How Important is Inventory when Buying or Selling? Very!!

 

In April 14 homes came on the Solana Beach real estate market, down 42% from March; the number of pending homes also decreased, to 13 (down  35%).

 

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

 

SEARCH FOR SOLANA BEACH HOMES FOR SALE

 

SEARCH FOR SOLANA BEACH CONDOS FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in March 2015?

 

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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Jeff Dowler CRS  Do you think the market is down for lack of inventory . Great report buyers and sellers should call you when looking to make a move and to find out  what-s-a-Solana-Beach-home-worth-

May 19, 2015 02:16 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hannah Williams 

That's certainly part of the issue. It varies each month and given the overall inventory is small in Solana Beach we don't see a ton of homes changing hands. And while sales were down 5% that is actually only a difference of 1 fewer sale than the previous month

Thanks for stopping by and for the compliment

Jeff

May 19, 2015 12:30 PM #2
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Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Jeff, I followed the link for Solana Beach Homes For Sale and you are correct, "more expensive", but beautiful...can't beat the location!

May 20, 2015 07:38 AM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks, Nick T Pappas 

The location is a special one, but that's true of all our coastal communities I think. And that adds to the price. Thanks for stopping by

Jeff

May 20, 2015 09:44 AM #4
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