What’s my Solana Beach Home Worth? Home Sales for December 2020

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

What’s the Value of my Solana Beach Home?

Solana Beach Real Estate Market Report for December 2020

 

Solana Beach home search linkSolana 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 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 December 2020 there were 23 Solana Beach homes sold, 64% more sales than last month. Here are the highlights:

 

Single Family Homes Sold
10 (up by 3); 41 Average Days on Market; Average Sales Price $2,098,625 (down 14%); Average Sales Price was 93% of original asking price

Condos, Townhomes and Duplexes Sold
13 (up 86%); 37 Average Days on Market; Average Sales Price $1,019,982 (down 15%); Average sales price was 96% of original asking price

 

Overall sales volume in the Solana Beach housing market for December rose fairly significantly, with 3 more single family homes sold but almost twice as many condo, townhome and duplex sales. The average sales price for single family homes declined, as did the average sales price of condos and townhomes compared to last month.

 

The average marketing time for single family homes was longer than in November, well over 1 month; days on market was about the same for condos, townhomes and duplexes.

 

Buyers were able to negotiate their sales prices down from original list price, on average by 4 - 7%. 5 Solana Beach buyers (22%) paid asking price or better for their new homes.

 Solana Beach townhomes

The median sales price of the condos, townhomes and duplexes in December was $1,018,000 (7% higher). The median price of the single family homes that sold was $1,781,000 (no change).

 

At the end of December 2020 there were 24 homes for sale in Solana Beach, ranging in price from $575,000 to $18,995,000, a significant drop of 40% fewer listings than last month and a trend seen in other communities during this holiday month.

 

Solana Beach has a housing inventory of only 1.3 months for condos and townhomes (down from 2.2 months last month) and 1.2 months for single family homes (down from 2 months last month) based on the current rate of sales over the last 3 months.

 

At this time the housing market is a very strong sellers’ market for condos, townhomes and duplexes, as well as single family homes.

 

There were 3 Active Under Contract listings in December, compared to 2 last month.

 

In December only 7 new listings came on the Solana Beach real estate market, less than half the number of new listings for last month. The number of homes going pending (excluding homes that sold in December) was also less than in November, with 10 pendings compared to 19 last month.

 

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 2021.

 

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 November 2020

Comments (9)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff Dowler, CRS - even at those prices the days on the market are quite small.

Jan 19, 2021 03:42 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Sounds like California dreaming is going strong and the direction is up and up! Enjoy your day.

Jan 19, 2021 05:09 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Those a re some impressive sales numbers and days on market representative of aggressive buyers

Jan 19, 2021 06:32 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff Dowler, CRS looks like you are keeping busy there and properties in Solana Beach are moving

Jan 19, 2021 06:33 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you for showing us your Solana Beach Real Estate Market Report, I was surprised at how many active listings you had last month and then to find out that was down from the month before Jeff Dowler, CRS 

Jan 19, 2021 06:35 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jeff Dowler, CRS - Getting to know more about you on your Mission Page is very impressive. It's the first time I spent time reading it. How impressive! I didn't know you owned an Art Gallery. There's always something new and fascinating to know about you and all the places you have lived and worked. Under your belt is extensive knowledge! Your Market Reports are always filled with excellent information. 

Today, tomorrow, and always I wish you success, good health, clean air to breathe, and a life of happiness. Anyone thinking about moving to Carlsbad or the many areas you serve, would appreciate having you for their REALTOR!

Jan 19, 2021 09:53 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Solana Beach home buyers and sellers are sure to value your real estate market report, Jeff.

Jan 19, 2021 12:12 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's like that in most areas near me Grant Schneider  High demand and limited inventory keeps the time on the market farily short in many cases. Buyers have to make decisions quickly or risk missing out.

Jeff

Jan 19, 2021 03:25 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

True enough Wayne Martin  and I expect it will continue for some time. We'll see.

Jeff

Jan 19, 2021 03:26 PM

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