What’s my Solana Beach Home Worth? Market Report for August 2018

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Solana Beach Home?

Solana Beach Home Sales for August 2018

 

Fletcher's Cove 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 August 2018 there were 23 Solana Beach homes sold, more than double the number of sales last month (up 109%). Here are the highlights:

 

 

TOTAL HOMES SOLD

23 (up 109%), 21 Days on Market, Ave. Sales Price $1,568,087 (no change), Ave. sale 94% of asking price,

Detached Homes Sold
13 (up 63%), 24 Days on Market, Ave. Sales Price $1,718,354 (down 2%), Ave. sale 95% of asking price

Attached Homes Sold
10 (up 233%), 17 Days on Market, Ave. Sales Price $1,372,740 (up 36%), Ave. sale 93% of asking price

 

Overall sales volume in the Solana Beach housing market for August more than doubled from July; the increased sales were especially dramatic for attached homes. Average sales prices increased for attached homes (condos, town homes) but decreased slightly for detached single family homes. Average marketing time dropped significantly for detached homes but declined slightly for attached homes.

 

Buyers were able to negotiate their sales prices, on average 5 - 7%, with 26% selling at or above list price. 35% of the homes sold for cash, compared to 36% last month.

 

The MEDIAN sales price of a detached home was $1,425,000 (down 19%), and $1,442,500 (up 44%) for attached. Given the number of sales, one should not draw any firm conclusions about pricing trends over just a 1-month period.

 

At the end of August 2018 there were 51 homes for sale in Solana Beach, down modestly by 4% from July. There were 3 contingent listings (these are typically short sale or REO homes with offers being reviewed by lenders and considered active), compared to 1 last month; in this case all 3 are first right of refusals due to other offers, and are not short sales or REOs.

 

Solana Beach town homes

 

This represents an inventory of 4.2 months for attached homes (down from 4.3 months last month) and 2.2 months for detached (down from 2.9 months 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 a strong sellers market for attached home buyers.

 

In August 26 new listings hit the Solana Beach real estate market, 19% fewer than in July; similarly, the number of homes going pending (excluding homes that sold in August) also decreased, from 19 last month to 15 in August.

 

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 July 2018

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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Nice presentation, Jeff. I hope you are having a great weekend and getting to do something fun.

Sep 08, 2018 01:56 PM #1
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

This is a very nice presentatino and a great call to action - I hopeit brings lots of business for you! Have a great weekend 

Sep 08, 2018 02:10 PM #2
Rainmaker
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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 

Sep 09, 2018 04:05 AM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Debbie Reynolds 

Thank you for the well wishes. It's been a wonderful but busy weekend.

Jeff

Sep 09, 2018 04:49 PM #4
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Lise Howe  Thank you for the kind words. It's been an interesting market to watch with plenty of good opportunities.

Gita Bantwal  Thank you!!

Jeff

Sep 09, 2018 04:50 PM #5
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Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Jeff Dowler, CRS Thank you for sharing this report.  It offers great insights for buyers and sellers alike.

Sep 10, 2018 01:35 PM #6
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