What’s my Solana Beach Home Worth? Solana Beach Home Sales in May 2021

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 May 2021

 

Solana 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 May 2021 there were 21 Solana Beach homes sold, 25% fewer sales than last month, following 2 months of sales increases. Here are the highlights:

 

Single Family Homes Sold
6 (down 54%); 17 Average Days on Market; Average Sales Price $2,499,000 (down 18%); Average Sales Price was 97% of original asking price

Condos, Townhomes and Duplexes Sold
15 (no change); 16 Average Days on Market; Average Sales Price $1,329,519 (up 2%); Average sales price was 99% of original asking price

 

Overall sales volume in the Solana Beach housing market for May dropped substantially, with fewer than half as many single family detached sales but the same number of condos, townhomes and duplexes. The average sales price for single family homes was lower (in part due to 6 sales last month for over $2M, with 1 at $11M, that raised the average for April); the average sales price of condos and townhomes was slightly higher than last month.

 

The average marketing time for single family homes was slightly shorter, as it also was for condo, townhomes and duplexes, both at a little over 2 weeks.

 

Some buyers were able to negotiate their sales prices down from original list price. However, about half of the Solana Beach buyers (48%) paid asking price or higher for their new homes.

 

condos in Solana Beach CA

 

The median sales price of the condos, townhomes and duplexes in May was $1,302,888 (up 32%). The median price of the single family homes that sold was $2,650,000 (up 35%).

 

At the end of May 2021 there were 24 homes for sale in Solana Beach, ranging in price from $605,000 to $19,750,000, 7 more than last month (up 41%) and good news for buyers. Solana Beach has a housing inventory of 1 month for condos and townhomes (up from 13 days last month) and 1.1 months for single family homes (down from 1.4 months last month) based on the current rate of sales over the last 3 months.

 

The housing market continues to be a very strong sellers’ market for condos, townhomes and duplexes, and for single family homes.

 

There were no Active Under Contract listings in May, like last month.

 

In May 27 new listings came on the Solana Beach real estate market, 2 more new listings than last month, and some good news for buyers. The number of homes going pending (excluding homes that sold in May) decreased, however, with 15 pendings compared to 24 last month. But it was still a fairly busy month for buyers and sellers.

 

Please feel free to give me a call at (760) 840-1360 so we can discuss your specific 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 I can help you create a strategy to 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 April 2021

Comments (3)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jeff,

This is another one of your excellent market report on Solano Beach.  One of these days, we will have to come down and visit.  Happy rest of Tuesday.  A

Jun 15, 2021 07:13 PM
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.

Jun 16, 2021 01:40 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the kind words Ron and Alexandra Seigel 

Hi Myrl Jeffcoat  Much appreciated!

Jeff

Jun 16, 2021 03:21 PM