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Solana Beach Home Sales for September 2021
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.
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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%).
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.