Special offer

What’s my Solana Beach Home Worth? Market Report for March 2024

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 March 2024

 

Solana Beach bluffs and beachSolana Beach is a coastal town just south of Cardiff by the Sea and Encinitas, and is one of the more expensive communities along the North San Diego County coastline.

 

It’s essential for buyers and sellers to have current 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 Solana Beach:

Solana Beach Real Estate

 

The following information was 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 when this report was published but are not guaranteed.

 

10 homes sold in Solana Beach in March, down 3 from February. Here are the specifics:

 

Single Family Homes Sold
3 (down by 2); 14 Days on Market; the Average Sales Price was $2,788,333 (down 26%); Average Sales Price was 101% of the original asking price.

Condos, Townhomes and Duplexes Sold
7 (down by 1); 12 Average Days on Market; Average Sales Price $1,220,000 (slight change); the Average sales price was 100% of the original asking price.

 

Overall sales volume for the Solana Beach housing market decreased from last month. Condo, townhome and duplex sales were down 1, and 2 fewer single family homes sold than in February. The average sales price for condos, townhomes and duplexes remained about the same as last month, while the average sales price for single family home sales dropped substantially (all 5 sales in February were over $2.5M which raised that average significantly).

 

The average marketing time for the single family home sales was shorter than last month. The average marketing time was slightly longer for condos, townhomes and duplexes compared to February. Half of the homes went pending in 7 days or less.

 

Sales prices ranged from $915,000 to $3,100,000. The median sales price of condos, townhomes and duplexes in March was $1,250,000 (up 10%). The median price for single family homes was $2,700,000 (up 1%).

 

Half of the home buyers negotiated their sales prices, and half paid asking price or higher for their new homes.

 

Solana Beach townhomes

 

At the end of March there were 22 homes for sale in Solana Beach, the same as in February. Home prices range from $1,250,000 to $7,950,000.

 

Solana Beach has an inventory of 1 month for condos, townhomes and duplexes (up from 25 days last month), and 4.1 months for single family homes (down from 5.7 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, and is a seller’s market for single family home buyers.

 

12 new listings came on the Solana Beach real estate market in March versus 20 last month. The number of homes going pending (excluding homes that sold in March) decreased from 10 to 8.

 

Because of the limited number of sales in Solana Beach one should not draw firm conclusions about pricing or other trends.

 

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

 

SEARCH FOR SOLANA BEACH HOMES FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in February 2024

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


Call or Text
(760) 840-1360

Email Me

Enjoy the beach life in Carlsbad, Oceanside, Encinitas,
San Marcos & other
North San Diego County coastal
& inland communities

Buy - Sell - Invest - Second Homes  

     

About Me

My Blog

My Website

  Jeff Dowler's Facebook Profile  Jeff Dowler's YouTube Profile    Jeff Dowler's LinkedIn Profile

 

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Thank you for sharing this report Jeff Dowler, CRS 

Apr 08, 2024 01:35 PM
Jeff Dowler, CRS

Thanks Jim Crawford 

Jeff

Apr 08, 2024 09:45 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have some fond memories of the time I spent in Solana Beach, although I think I still like the Carlsbad area a bit better.

Apr 09, 2024 06:12 AM
Jeff Dowler, CRS

I get that Brian England.

Thanks for stopping by!

Jeff

Apr 09, 2024 09:20 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff Dowler, CRS  I am with Brian England  I am more of a Carlsbad kind of guy, Endre

Apr 09, 2024 08:50 PM
Brian England

You should join us for the Carlsbad meetup on Tuesday, April 16th Endre Barath, Jr., would you be willing to drive down to have lunch with the Carlsbad ActiveRain crew, including moi?

Apr 10, 2024 07:09 AM
Jeff Dowler, CRS

Endre Barath, Jr.  That makes 3 of us.

And I second what Brian England says, but I know it's a hike!

Jeff

Apr 10, 2024 09:31 AM
Endre Barath, Jr.

Brian England  unfortunately as much as I want to go this time I have too much on my plate to be able to get away for an afternoon... I have to work not like you))Endre

Apr 11, 2024 10:29 PM
Brian England

Bummer, it would have been nice to see you again Endre Barath, Jr.  John Pusa was going to join us, but I think he said he isn't feeling well, so I am bummed about that as well.

Apr 12, 2024 12:19 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Jeff,

Love this report on this costal town of Solana Beach! Sounds like a fun meet-up on April 16th..chef Endre Barath, Jr. you need to make time to make it! 

Apr 11, 2024 05:12 AM
Jeff Dowler, CRS

Thanks Dorie Dillard Austin TX 

The meet-up will be great fun.

Jeff

Apr 11, 2024 10:10 PM
Endre Barath, Jr.

Dorie Dillard Austin TX  I wish I could go too much on my plate right now, Endre

Apr 11, 2024 10:28 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff Dowler, CRS  I wish I could unfortunately too much on my plate cannot get away for an afternoon, I am sure there will be a next time:)Endre

Apr 11, 2024 06:00 PM
Jeff Dowler, CRS

I certainly understand Endre Barath, Jr.  It's a bit of a drive round-trip and especially if the traffic gets ugly. There will be opportunities ahead.

Perhaps we need to organize a meet-up in the LA area!

Jeff

Apr 11, 2024 10:09 PM