What’s my Solana Beach Home Worth? Market Report for August 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 Home Sales for August 2021

 

 

Solana Beach bluff homesSolana Beach is an affluent coastal town south of Encinitas and Cardiff by the Sea, and one of the more expensive communities along the North San Diego County coast.

 

Buyers and sellers should understand recent trends and current market conditions in Solana Beach so they can make educated 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 (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 August 2021 there were 20 Solana Beach homes sold, compared to 24 last month. Here are the highlights:

 

Single Family Homes Sold
6 (down 50%); 11 Average Days on Market; Average Sales Price $3,240,000 (up 57%); Average Sales Price was 101% of original asking price

Condos, Townhomes and Duplexes Sold
14 (up by 2); 16 Average Days on Market; Average Sales Price $1,633,035 (up 21%); Average sales price was 97% of original asking price

 

Overall sales volume in the Solana Beach housing market for August dropped modestly, with half as many single family detached sales but 2 more condo, townhome and duplex sales. The average sales price for single family homes was significantly higher (in part due to 4 sales for over $2.5M that raised the average for the month); the average sales price of condos and townhomes was also higher than last month.

 

The average marketing time for single family homes and condos, townhomes and duplexes several days shorter than last month.

 

townhomes in Solana Beach CA

 

Some buyers were able to negotiate their sales prices down from original asking price. However, at the same time 35% of the Solana Beach buyers paid list price or higher for their homes.

 

The median sales price of the condos, townhomes and duplexes in August was $1,177,250 (down 4%). The median price of the single family homes that sold was $2,825,000 (up 57%).

 

At the end of August 2021 there were 20 homes for sale in Solana Beach, ranging in price from $970,000 to $19,750,000, with 33% fewer listings than last month. Solana Beach has a housing inventory of only 13 days for condos and townhomes (down from 28 days last month) and 1.6 months for single family homes (down from 1.8 months last month) based on the current rate of sales over the last 3 months.

 

The housing market continues to be very strong for sellers of condos, townhomes and duplexes, as well as for single family detached homes.

 

There was 1 Active Under Contract listing in August, compared to 2 last month.

 

In August 18 new listings came on the Solana Beach real estate market, 2 fewer new listings last month. The number of homes going pending (excluding homes that sold in August) increased slightly, with 19 pendings compared to 17 last month. Despite the shifts it was still a fairly busy month for sellers and buyers.

 

Please feel free to call me at (760) 840-1360 so we can discuss your specific housing needs and budget, and questions you have about the market and how local market conditions affect your buying and selling needs and plans. Then we can work together to 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 July 2021

Comments (10)

Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

In looking at the number of sales and the values of the properties it is easier to appreciate that some buyers may have been able to do a slight negotiation in price.  What's a few thousand dollars on a multi-million dollar purchase?

Sep 17, 2021 10:08 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff and I hope the phone is ringing from people that are thinking about putting their home on the market.  Ring Ring.

 

Sep 17, 2021 10:10 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff - as always I hve difficulty wrapping my head around California coastal prices.

Sep 17, 2021 10:11 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Ed Silva 

I bet buyers were happy to get their homes for less than asking price in this competitive market.

Have a good weekend!

Jeff

Sep 17, 2021 11:45 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Will Hamm - thanks! We'll see what happens!

I understand that Grant Schneider And the prices are still going up in general.

Have a great weekend!

Jeff

Sep 17, 2021 11:46 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Who could have imagined a year or two ago that the average home of $3.2 + million would have an average of 11 days on market.  This market is wild!

Sep 17, 2021 01:02 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jeff,

I enjoyed reading your report on Solano Beach.  Neither one of us has been there, it does sound lovely.  Wishing you a great weekend.  A

Sep 17, 2021 04:40 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Sep 18, 2021 01:35 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE®  - it's not a market I have ever seen before.

Thank you Ron and Alexandra Seigel Glad you enjoyed it.

Hi Myrl Jeffcoat I appreciate the compliment!

Jeff

Sep 18, 2021 09:07 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I love seeing the nuances of each little town Center and I have a how it flows and engages with the rest of the town. Looks like a pretty good part of town in Solena

Sep 22, 2021 11:39 PM