What’s my Solana Beach Home Worth? Market Report for April 2022

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 April 2022

 

Solana Beach bluff and beachSolana Beach is an affluent coastal town just south of Encinitas and Cardiff by the Sea. It’s one of the more expensive coastal communities in North San Diego County.

 

It’s important for sellers and buyers to understand current market conditions in Solana Beach in order to make informed decisions about buying or selling Solana Beach Homes for Sale.

 

READ MORE about Solana Beach:

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.

 

12 Solana Beach homes sold in April, 3 fewer than last month. Here are the details:

 

Single Family Homes Sold
7 (no change); 25 Average Days on Market; Average Sales Price $5,043,571 (up 13%); Average Sales Price was 106% of original asking price,

Condos, Townhomes and Duplexes Sold
5 (down by 3); 4 Average Days on Market; Average Sales Price $1,290,580 (down by 9%); Average sales price was 108% of original asking price

 

Overall sales volume in the Solana Beach housing market for April dropped, all due to a decline in condo, townhome and duplex sales. The average sales price was significantly higher for single family homes, no doubt affected by the sale of 2 homes selling for $8M and $15M; average sales price was modestly higher for condos and townhomes, compared to last month.

 

The average marketing time for single family homes was substantially longer, at 24 days, but shorter (only 4 days) for condos, townhomes and duplexes. Half of the homes sold in 1 week or less – a good number of buyers decided quickly about seeing properties and making offers.

 

While some buyers negotiated their sales prices down, 3 out of 4 buyers paid over the asking price for their homes.

 

Solana Beach condos with views

 

Sales prices ranged from $825,000 to $15,000,000. The median sales price of the condos, townhomes and duplexes in April was $1,535,000 (up 22%). The median sales price of the single family homes was $3,200,000 (down 6%).

 

At the end of April 2022 there were 20 homes for sale in Solana Beach, up 25% from March, ranging in price from $765,000 to $15,500,000.

 

Solana Beach has an inventory of 1.4 months for condos, townhomes and duplexes (up from 1.1 months last month), and 1.7 months for single family homes (the same as last month) based on the rate of sales over the last 3 months.

 

Solana Beach continues to be a very strong seller’s market.

 

There were no Active Under Contract listings in April, the same as the last 5 months.

 

In April 20 new listings came on the Solana Beach real estate market, compared to 18 new listings last month. The number of homes going pending (excluding homes that sold in April) rose by 1 to 11.

 

Please feel free to reach out to me at (760) 840-1360 to talk about your personal housing needs and budget, and questions you have about the housing 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 HOMES FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in March 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (8)

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I really have created a successful series of blog posts that both prospect for buyers and sellers. I enjoy this formula Jeff Dowler, CRS 

May 18, 2022 01:48 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information. Buyers and sellers in your area will benefit from your expertise. Wishing you continued success.  Have a wonderful day and sell a house.  bill

May 18, 2022 02:12 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jeff Dowler, CRS - I like how you create your marketing reports and explain in depth what is important to know. These reports are crisp, clean, and easy to understand. Clearly you are not a copycat and you take your career seriously putting your best efforts into everything you do. Jeff, you are truly awesome and informative. I wish the best for you always. 

May 19, 2022 05:28 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such a beautiful area to call home and I certainly enjoy visiting the area and seeing the wonders that the ocean has to offer.

May 19, 2022 06:21 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Paul S. Henderson, REALTOR®, CRS  Buyers and seller need to know what's happening in the market, along with our guidance.

Jeff

May 19, 2022 10:32 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Bill Salvatore - East Valley  Thank you for the kind words.

Thank you for such a nice compliment Patricia Feager, MBA, CRS, GRI,MRP 

Jeff

May 19, 2022 10:34 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.

May 20, 2022 11:02 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I appreciate your stopping by and the kind words, Myrl Jeffcoat 

Enjoy your weekend!

Jeff

May 20, 2022 04:22 PM