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

 

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

 

It’s essential that sellers and buyers understand 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.

 

12 Solana Beach homes sold in August, 3 more than last month. Here are the specifics:

 

Single Family Homes Sold
6 (up by 3); 14 Average Days on Market; Average Sales Price $2,717,833 (up 10%); Average Sales Price was 98% of original asking price,

Condos, Townhomes and Duplexes Sold
6 (no change); 41 Average Days on Market; Average Sales Price $1,000,000 (down 25%); Average sales price was 92% of original asking price

 

Overall sales volume for the Solana Beach housing market rose for August, with 3 more condo, townhome and duplex sales but the same number of single family homes were sold. The average sales price was higher for single family homes but substantially lower for condos, townhomes and duplexes compared to last month.

 

The average marketing time for single family homes was 1 day longer at 2 weeks, but was significantly longer for condos, townhomes and duplexes. 42% of the homes sold in 1 week or less. It’s clear the plenty of buyers decided fairly quickly about touring homes and making successful offers.

 

The majority of the buyers negotiated their sales prices down, but 1 paid asking price and 2 paid more than the list price for their homes.

 

Solana Beach townhomes

 

Sales prices ranged from $575,000 to $4,150,000. The median sales price of the condos, townhomes and duplexes in August was $905,000 (down 27%). The median sales price for the single family homes was $2,542,500 (up 8%).

 

At the end of August 2022 there were 32 homes for sale in Solana Beach, 3 more than at the end of July and another increase. Homes range in price from $619,000 to $13,995,000.

 

Solana Beach has an inventory of 2.6 months for condos, townhomes and duplexes (up from 1.7 months last month), and 3.2 months for single family homes (up from 1.7 months last month), based on the rate of sales over the last 3 months.

 

Solana Beach remains a very strong seller’s market for condos, townhomes and duplexes, and is a strong seller’s market for single family homes.

 

There were no Under Contract listings in August.

 

In August 17 new listings came on the Solana Beach real estate market, 2 more than last month. The number of homes going pending (excluding homes that sold in August) declined from 9 to 6.

 

Please feel free to reach out at (760) 840-1360 so we can talk about your particular housing needs and budget, and any questions 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 July 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (13)

Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

You are the one to call for Solana Beach home to list or to buy, Jeff. Thank you for the easy to understand market report. Much appreciated!

Sep 19, 2022 06:42 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the kind words Wanda Kubat-Nerdin - Wanda Can! 

Inventory remains limited so there are some challenges.

Jeff

Sep 19, 2022 07:40 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It’s a beautiful place and if you were up to me, this would be a member of the price of paradise is! Absolutely gorgeous

Sep 19, 2022 10:07 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A very pretty place to call home and the inventory may have creeped up a little but still very much a sellers' market, even at those values

Sep 20, 2022 05:53 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Your market reports show how the national press does not understand your market. Keep them coming. We need the true facts. Enjoy your day.

Sep 20, 2022 06:02 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have not spent much time in Solana Beach but I will be there in December and we will have another fun meetup!

Sep 20, 2022 06:31 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff and I hope you are getting lots of calls on home values for Solana Beach,  I still do direct mail post cards every 3 months to 4 sub division.

 

Sep 20, 2022 08:52 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Laura Cerrano  There's a lot to like about this seaside community!.

Jeff

Sep 20, 2022 01:54 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's definitely still a seller's market still Ed Silva 

Thank you Wayne Martin  We ALL know about the issues with the national media news reports about the local markets.

Jeff

Sep 20, 2022 01:56 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Brian England  Another great community for you to explore.

Yes, a meet-up for sure.

Jeff

Sep 20, 2022 01:59 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the kind words Will Hamm 

Good for you!

Jeff

Sep 20, 2022 02:00 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Sep 20, 2022 06:25 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the words of encouragement Myrl Jeffcoat 

Enjoy your Sunday!

Jeff

Sep 25, 2022 10:19 AM