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

 

Solana Beach coastline and homesSolana Beach is an affluent coastal 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.

 

18 homes sold in October, the same as last month. Here are the details:

 

Single Family Homes Sold
10 (down by 1); 20 Average Days on Market; Average Sales Price $3,172,025 (up 35%); Average Sales Price was 98% of original asking price

Condos, Townhomes and Duplexes Sold
10 (up by 1); 23 Average Days on Market; Average Sales Price $1,589,100 (up 34%); Average sales price was 100% of original asking price

 

Overall sales volume in the Solana Beach housing market for October remained the same, with 1 fewer single family detached sale but 1 more condo, townhome and duplex sale. The average sales price for single family homes was significantly higher (no doubt due to 3 sales, each over $4M, that substantially raised the average); the average sales price of condos and townhomes was also higher than last month, with 3 sales over $1.8M.

 

The average marketing time for single family homes and for condos, townhomes and duplexes was longer than last month.

 

While many buyers negotiated their sales prices down from original asking price. 39% of them paid list price or more for their homes.

 

Home in Solana Beach CA

 

Sales prices ranged from $720,000 to $5,900,000. The median sales price of the condos, townhomes and duplexes in October was $1,463,000 (up 19%). The median sales price of the single family homes was $2,753,100 (up 17%).

 

At the end of October 2021 there were 15 homes for sale in Solana Beach, ranging in price from $1,100,000 to $10,995,000. This is substantially fewer available homes than the 26 last month!

 

Solana Beach has an inventory of 21 days for condos, townhomes and duplexes (compared to 29 days last month), and 26 days for single family homes (down from 1.5 months last month) based on the rate of sales over the last 3 months.

 

It’s still a very strong seller’s market in Solana Beach.

 

There was 1 Active Under Contract listing in October, compared to none last month.

 

In October 21 new listings came on the Solana Beach real estate market, 4 more than last month. The number of homes going pending (excluding homes that sold in October) also increased, with 18 pendings compared to 14 last month. It was a fairly busy month for sellers and buyers.

 

Please feel free contact me at (760) 840-1360 so we can talk about your particular housing needs and budget, and any questions you have about the market. We’ll also discuss 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 September 2021

Comments (7)

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

Jeff,

Looks like a wonderful place to live and enjoy life.  What a great market report on Solano Beach.  A

Nov 13, 2021 03:56 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Hi Jeff....probably not many for less than $1 Million with your great Solana Beach photo! You are the man to call though! Jeff

Nov 13, 2021 08:28 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff I could see myself living there so on a side note how does this compare to the past two weeks? Endre

Nov 13, 2021 10:11 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

When I want to know what is going on in Solana Beach I come straight to your blog since I know that is where I will find the best information.

Nov 14, 2021 04:25 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Wow, it's definitely still a seller's market in Solana Beach!

Question - are your days on market from listing to under contract? Or from listing to closing?

Nov 14, 2021 04:50 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Good morning Jeff.  Even you as a Realtor must shake your head in wonder at the prices and how quickly they are selling in the Solana Beach Community.  Buyers definitely want to take advantage of your professional expertise Jeff Dowler in the Carlsbad and surrounding market areas.  Enjoy your Sunday.  Mark

Nov 14, 2021 04:56 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Solana Beach offers a lot of opportunities Ron and Alexandra Seigel  Thank you for the kind words.

Jeff

Nov 15, 2021 08:19 AM