What’s My Solana Beach Home Worth? Solana Beach Home Sales May 2018

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Solana Beach Home?

Solana Beach Real Estate Market Report for May 2018

 

Solana BeachSolana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in North San Diego County.

 

Understanding recent trends and current market conditions is essential so you can make informed decisions about buying or selling Solana Beach Homes for Sale.

 

 

 

READ MORE about the Solana Beach Community:

Solana Beach Real Estate

 

The following data are taken from the San Diego MLS for Solana Beach home listings and sales (private sales are not included, nor are multifamily properties or mobile/manufactured housing). The data are believed to be reliable at the time this report was published, but are not guaranteed.

 

In May 2018 there were 19 Solana Beach homes sold, up 12% from last month. Here are the highlights:

 

TOTAL HOMES SOLD

19 (up 12%), 47 Days on Market, Ave. Sales Price $1,232,486 (down 7%), Ave. sale 96% of asking price,

Detached Homes Sold
7 (down 22%), 72 Days on Market, Ave. Sales Price $1,650,714 (up 5%), Ave. sale 92% of asking price

Attached Homes Sold
12 (up 50%), 32 Days on Market, Ave. Sales Price $988,520 (down 5%), Ave. sale 98% of asking price

 

Overall sales volume in the Solana Beach housing market for May rose from April, but with fewer detached homes sold but more attached home sales. Average sales prices decreased for attached homes (condos, town homes) but increased for detached single family homes. Marketing time rose for detached homes but declined for attached.

 

Buyers were able to negotiate their sales prices, on average 2 - 8%, with 21% of the homes selling at or above asking price. 26% of the homes sold for cash, compared to 35% last month.

 

The MEDIAN sales price of a detached home was $1,910,000 (up 16%), and $962,500 (up 1%) for attached. Given the number of sales, one should not draw any firm conclusions about pricing trends over just a 1-month period.

 

town homes in Solana Beach

 

At the end of May 2018 there were 42 homes for sale in Solana Beach, about the same as in April (down by 1) which is good news for buyers. There were 2 contingent listings (these are typically short sale or REO homes with offers being reviewed by lenders and considered active), versus none last month.

 

This represents an inventory of 2.3 months for attached homes (down from 2.8 months last month) and 2.4 months for detached (the same as last month) based on the current rate of sales over the last 3 months. Housing remains competitive for buyers in Solana Beach, and is a very strong sellers’ market for detached and attached home buyers.

 

In May 23 new listings hit the Solana Beach real estate market, down 11% from April; similarly, the number of homes going pending (excluding homes that sold in May) decreased, from 18 last month to 14 in May.

 

Please give me a call at (760) 840-1360 so we can discuss your housing needs and budget, and any questions you have about the market and how local market conditions affect your buying and selling needs and plans. Then we can create a strategy to help you buy or sell your Solana Beach home in 2018.

 

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 April 2018

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Rainmaker
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Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Jeff Dowler, CRS, you've done a great job recapping the market activity in Solana Beach. Sounds and looks like a beautiful place to call home, especially oceanfront homes. 

Jun 06, 2018 04:32 PM #1
Rainmaker
4,179,195
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jun 07, 2018 03:59 AM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Beth - thanks for the kind words.

There ARE some beautiful homes by the beach, and with views, and despite the inventory some pretty good opportunities!

Jeff

Jul 17, 2018 09:51 AM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you for stopping by Gita Bantwal and for the kind words!

Hope all is well!

Jeff

Jul 17, 2018 09:52 AM #4
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