What’s my Solana Beach Home Worth? Market Report for November 2023

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 November 2023

 

Solana Beach homes on the bluffSolana Beach is a coastal town located just south of Cardiff by the Sea and Encinitas. It’s also one of the more expensive beach communities in North San Diego County.

 

It’s essential for buyers and sellers to have up-to-date information about local market conditions in Solana Beach in order to 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 from the MLS (private sales are not included, nor are multifamily properties or mobile or manufactured homes). The data are believed to be reliable when this report was published but are not guaranteed.

 

12 homes sold in Solana Beach in November, down 1 sale from last month. Here are the specifics:

 

Single Family Homes Sold
6 (no change); 42 Days on Market; the Average Sales Price was $3,240,759 (down 13%); the Average Sales Price was 96 % of the original asking price.

Condos, Townhomes and Duplexes Sold
6 (down by 1); 40 Average Days on Market; Average Sales Price $1,714,166 (up 21%); the Average sales price was 94% of the original asking price.

 

Overall sales volume for the Solana Beach housing market dropped by 1. Condo, townhome and duplex sales declined by 1 but the number of single family home sales did not change. The average sales price for condos, townhomes and duplexes increased compared to last month. The average sales price for single family homes decreased from October.

 

The average marketing time for single family homes was substantially shorter than last month. In contrast, the average marketing time was twice as long for condos, townhomes and duplexes compared to October. 4 homes (31%) went pending in 7 days or less.

 

Sales prices ranged from $665,000 to $6,500,000. The median sales price of the condos, townhomes and duplexes in November was $1,560,000 (up 18%). The median price for single family homes was $2,635,000 just slightly more than last month.

 

Solana Beach townhomes

 

At the end of November there were 28 homes for sale in Solana Beach, 2 fewer than last month. Home prices range from $760,000 to $6,950,000.

 

9 of the home buyers were able to negotiate their sales prices, while 2 paid over asking price for their new homes.

 

Solana Beach has an inventory of 3.4 months for condos, townhomes and duplexes (up from 3.3 months last month), and 1.8 months for single family homes (up from 1.5 months last month). This is based on the rate of sales over the last 3 months.

 

Solana Beach continues to be a very strong seller’s market for condos, townhomes and duplexes, as well as for single family homes.

 

In November 7 new listings came on the Solana Beach real estate market, compared to 14 last month. Similarly the number of homes going pending (excluding homes that sold in November) decreased from 7 to 6.

 

Because of the small number of sales in Solana Beach you should not try to draw firm conclusions about pricing or other trends.

 

Please feel to reach out to me directly or by text at (760) 840-1360 to talk about your personal housing needs and budget, and your questions about the housing market. We’ll also discuss how local market conditions can affect your buying and selling plans and decisions. Then we’ll create a strategy to help you buy and/or sell your Solana Beach home if that’s your intent.

 

SEARCH FOR SOLANA BEACH HOMES FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in October 2023

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (13)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Jeff Dowler, CRS   This holiday season seems buyers minds are shopping for gifts . Great Market report as always 

 

Dec 09, 2023 12:24 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff the first photo is worth every penny to live in Solana Beach, Endre

Dec 09, 2023 09:38 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such an extensive market report for Solana Beach!  You are definitely the go-to dude for all real estate information there!

Dec 10, 2023 05:25 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.

Dec 10, 2023 05:03 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Hannah Williams 

No doubt it's a busy month and not just for real estate.

Jeff

Dec 10, 2023 07:26 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre Barath, Jr. 

Yep, that view is worth plenty of pennies. But there are other options too with easy access to the beaches and views.

Jeff

Dec 10, 2023 07:27 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for such a nice compliment Brian England.

Jeff

Dec 10, 2023 08:52 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I hope that's true Myrl Jeffcoat  I appreciate the words of encouragement.

Jeff

Dec 10, 2023 08:53 PM
Roy Kelley
Retired - Gaithersburg, MD

Home sellers are in very good hands when they seek your professional real estate advice and assistance.

Dec 11, 2023 09:57 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff, 

Besides the fact that buyers and sellers should seek out your advice about Solana Beach, I like how you added the disclaimer not to draw conclusions on pricing or trends  because of the small number of homes for sale. 

Dec 11, 2023 11:16 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the kind words Roy Kelley 

I hope you and Chef Dolores are well!

Jeff

Dec 14, 2023 07:04 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Sheri Sperry - MCNE® 

I think the issue of average price is always one to be cautious about. One month of data is not a trend.

Jeff

Dec 14, 2023 07:06 PM