What’s my Solana Beach Home Worth? Market Report for April 2019

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

What’s the Value of my Solana Beach Home?

Solana Beach Home Sales Report for April 2019

 

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 buyers and sellers 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 April 2019 there were 10 Solana Beach homes sold, 1 less than last month. Here are the highlights.

Detached Homes Sold
4 (down 33%), 17 Days on Market, Average Sales Price $1,569,650 (down 46%), Average sale 96% of original asking price

Attached Homes (condos, town homes, twin homes) Sold
6 (up 20%), 46 Days on Market, Average Sales Price $1,159,583 (up 32%), Average sale 94% of original asking price

 

Overall sales volume in the Solana Beach housing market for April dropped by 1 from March, with 1 more attached home sale but 2 fewer detached. Average sales prices increased for attached homes (condos, town homes) in large part due to the sale of 1 home over $2M that raised the average; there was a significant decrease in average price for detached single family (no doubt due to the sale of 1 home at $3.065M and 1 at $8.25M last month that had substantially raised the average sales price). Average marketing time dropped substantially for detached homes and for attached homes.

 

Buyers were able to negotiate their sales prices down from original list price, on average 4 - 8%; however, 7 home buyers (30%) paid asking price or better. 30% of the homes sold for cash, compared to 27% last month.

 

The median sales price of a detached home was $1,367,000 (down 50%), and $1,049,500 (up 40%) for attached. Given the small number of sales, one should not draw any firm conclusions about pricing trends over just a 1-month period.

 

Solana Beach town homes

 

At the end of April 2019 there were 58 homes for sale in Solana Beach, an increase by 12% from last month, the 4th increase and more good news for buyers. There were no contingent listings (these are typically short sale or REO homes with offers being reviewed by lenders and considered active although some may be first right of refusals), the same as last month.

 

This represents an inventory of 5.6 months for attached homes (up from 4.6 months last month) and 5 months for detached (down from 6.2 months last month) based on the current rate of sales over the last 3 months. Housing is a sellers’ market for attached home buyers, and has shifted again from being balanced to more of a buyer's market for detached single family home buyers.

 

In April 30 new listings hit the Solana Beach real estate market, 3 more than in March; the number of homes going pending (excluding homes that sold in April) also rose, from 8 to 20 in April. Both are good indications of our busy spring market!

 

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 2019.

 

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 2019

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Solana Beach
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
solana beach homes for sale
solana beach condos for sale
oceanfront homes for sale in solana beach
solana beach oceanfront homes for sale
beach homes for sale in solana beach

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,823,188
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff - it is interesting to see the changes in the supply.  Thanks for the update.

May 08, 2019 06:38 PM #1
Rainmaker
4,826,369
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jeff Dowler, CRS wow...your numbers are amazing....and $1.3 million is the average sale price and down 50%....wow, again!!!

May 09, 2019 03:02 AM #2
Rainmaker
1,135,573
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - You know, I love the beach area you service. It's not far from Orange County and also San Diego. Those who are interested in buying or selling should tap into your expert knowledge of the Solano and surrounding beach areas. 

May 09, 2019 07:58 AM #3
Rainmaker
2,724,561
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

The numbers are definitely rising on the coasts of America, But hopefully the market has room to grow. :)

May 09, 2019 06:01 PM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,894,506

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information