What’s the Value of my Solana Beach Home?
Solana Beach Home Sales for June 2021
Understanding recent trends and current market conditions in Solana Beach is important to help buyers and sellers make informed decisions about buying or selling Solana Beach Homes for Sale.
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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 or manufactured homes). The data are believed to be reliable at the time this report was published, but are not guaranteed.
In June 2021 there were 24 Solana Beach homes sold, 14% more sales than last month following a decline from April to May. Here are the highlights:
Single Family Homes Sold
8 (up 33%); 14 Average Days on Market; Average Sales Price $3,084,375 (up 23%); Average Sales Price was 102% of original asking price
Condos, Townhomes and Duplexes Sold
16 (up by 1); 20 Average Days on Market; Average Sales Price $1,196,437 (down 10%); Average sales price was 102% of original asking price
Overall sales volume in the Solana Beach housing market for June rose, with several more single family detached sales and 1 more condo, townhome and duplex sale. The average sales price for single family homes was higher (in part due to 2 sales for over $5M); the average sales price of condos and townhomes was lower than last month.
The average marketing time for single family homes and condos, townhomes and duplexes was several days shorter than last month.
Some buyers were able to negotiate their sales prices down from original list price. However, more than half of the Solana Beach buyers (63%) paid asking price or higher for their new homes.
The median sales price of the condos, townhomes and duplexes in June was $1,175,000 (down 10%). The median price of the single family homes that sold was $2,377,500 (down 10%).
At the end of June 2021 there were 32 homes for sale in Solana Beach, ranging in price from $555,000 to $19,750,000, with 8 more listing than last month (up 33%) and some good news for buyers. Solana Beach has a housing inventory of 1.1 months for condos and townhomes (up from 1 month last month) and 1.7 months for single family homes (up from 1.1 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, as well as for single family homes.
There were no Active Under Contract listings in June, like last month.
In June 37 new listings came on the Solana Beach real estate market, 37% (10) more new listings than last month, which was good news for buyers. The number of homes going pending (excluding homes that sold in June) also increased, with 19 pendings compared to 15 last month. It was a fairly busy month for both 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.