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

 

Solana Beach is an affluent seaside town south of Encinitas and Cardiff by the Sea. It’s one of the more expensive communities along the North San Diego County coastline.

 

It’s important that buyers and sellers understand the current housing 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 September 18 Solana Beach homes sold, 2 fewer than last month. Here are the details:

 

Single Family Homes Sold
9 (up 50%); 15 Average Days on Market; Average Sales Price $2,345,888 (down 28%); Average Sales Price was 98% of original asking price

Condos, Townhomes and Duplexes Sold
9 (down by 5); 14 Average Days on Market; Average Sales Price $1,189,333 (down 27%); Average sales price was 100% of original asking price

 

Overall sales volume in the Solana Beach housing market for September dropped slightly, with more single family detached sales but fewer condo, townhome and duplex sales. The average sales price for single family homes was significantly lower (no doubt due to 4 sales last month, each over $2.5M, that substantially raised the average for August); the average sales price of condos and townhomes was also lower than last month.

 

The average marketing time for single family homes was several days longer. Marketing time for condos, townhomes and duplexes was 2 days shorter than last month at 2 weeks.

 

In some cases buyers negotiated their sales prices down from original asking price. However, over half (56%) of the buyers paid list price or more for their homes.

 

The median sales price of the condos, townhomes and duplexes in September was $1,230,000 (up 4%). The median sales price of the single family homes was $2,350,000 (down 7%).

 

Solana Beach homes

 

At the end of September 2021 there were 26 homes for sale in Solana Beach, ranging in price from $740,000 to $19,750,000. This is a 30% increase in inventory and good news for buyers.

 

Solana Beach has an inventory of 29 days for condos and townhomes (compared to 13 days last month), and 1.5 months for single family homes (down from 1.6 months last month) based on the rate of sales over the last 3 months.

 

The housing market continues to be very strong for sellers.

 

There were no Active Under Contract listings in September, compared to 1 last month.

 

In September 17 new listings came on the Solana Beach real estate market, 1 less than last month. The number of homes going pending (excluding homes that sold in September) also decreased, with 14 pendings compared to 19 last month. Despite these shifts it was a fairly busy month for sellers and buyers.

 

Please feel free to reach out to me at (760) 840-1360 so we can discuss your specific housing needs and budget, and questions you have about the market. We’ll also talk about how local market conditions can affect your buying and selling needs and plans. Then we can create a strategy to buy and/or sell your Solana Beach home.

 

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 August 2021

Comments (8)

Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

If I had a home in Solana Beach, I know it would be worth more than my home in Mesa, haha.

Oct 16, 2021 05:37 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Congrats to the sellers cashing in on their equity. And congrats to the buyers with deep pockets (very deep pockets) on their acquisitions. Enjoy your day.

Oct 16, 2021 05:55 AM
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Solana Beach real estate inventory increase - with those numbers, buyers should be happy, Jeff Dowler, CRS !

Oct 16, 2021 06:57 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Oct 16, 2021 08:08 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff and you are the one to get advice of what a home is worth and I hope your phone is ringing!

 

Oct 16, 2021 08:58 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

So very true Brian England , especially if it was overlooking the beach!!

YES on both counts Wayne Martin 

Jeff

Oct 16, 2021 09:45 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It DOES help some Wendy Rulnick . Many of the communities in my area that I do monthly market reports for saw a decline last month in  inventory.

Jeff

Oct 16, 2021 10:08 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the compliment Myrl Jeffcoat 

Hi Will Hamm  Thank so much!

Enjoy the weekend!

Jeff

Oct 16, 2021 10:09 AM