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

By
Real Estate Agent with eXp Realty of California CA DRE #01490977

What’s the Value of my Solana Beach Home?

Solana Beach Home Sales for October 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 October 2019 there were 17 Solana Beach homes sold, with 4 fewer sales (down 19%) than last month. Here are the highlights

Detached Homes Sold
6 (down 60%), 42 Days on Market, Average Sales Price $1,776,500 (up 10%), Average sale 94% of original asking price

Attached Homes (condos, town homes, twin homes) Sold
11 (up 83%), 50 Days on Market, Average Sales Price $1,124,000 (up 3%), Average sale 96% of original asking price

 

Overall sales volume in the Solana Beach housing market for October went down overall, with significantly fewer detached homes sold, but substantially more attached home sales compared to last month. The average sales price increased for detached homes while there was a decrease in average sales price for attached single family homes. Average marketing time went down for detached homes but rose significantly for attached homes.

 

Buyers were able to negotiate their sales prices down from original list price, on average 4 - 6%. However, 2 home buyers paid over asking price for their new homes. 35% of the homes sold for cash, compared to 29% last month.

 

The median sales price of a detached home was $1,487,500 (up 9%), and $825,000 (down 6%) 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 condos

 

At the end of October 2019 there were 61 homes for sale in Solana Beach, about the same as last month (62). Solana Beach has a housing inventory of 4 months for attached homes (up from 3.6 months last month) and 2.6 months for detached (down from 2.8 months last month) based on the current rate of sales over the last 3 months. At this time the housing market favors sellers for attached and detached single family homes.

 

There were no contingent listings, the same as last month (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 due to offers that are contingent).

 

In October 27 new listings hit the Solana Beach real estate market, a 10% decrease from September; in contrast, the number of homes going pending (excluding homes that sold in October) increased significantly 22 (up 8%).

 

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 DETACHED HOMES FOR SALE

 

SEARCH FOR SOLANA BEACH CONDOS FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in September 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
homes for sale in solana beach
oceanfront homes for sale in solana beach
solana beach oceanfront homes for sale
vacation homes in solana beach

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,654,260
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market data for home buyers and sellers in Solana Beach, Jeff.

Nov 13, 2019 03:26 AM #1
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
4,127,670

Jeff Dowler, CRS

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

Additional Information