Carlsbad Real Estate News and Views

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s my Solana Beach Home Worth? Solana Beach Housing January '16

What’s my Solana Beach Home Worth?

Solana Beach Real Estate Market Report for January 2016

 

Solana Beach oceanfront homes and condos for sale, and Luxury Properties for sale in Solana Beach CASolana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in North San Diego County.

 

As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential so you can make informed decisions about Solana Beach Homes for Sale; media reports focus on general market statistics and do not provide you with an accurate picture of the local Solana Beach housing market.

 

READ MORE about the Solana Beach Community:

Solana Beach Real Estate

 

The following data are taken from the San Diego MLS for Solana Beach real estate (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured housing). The data are believed to be reliable at the time the report was published, but are not guaranteed.

 

In January 2016 there were 13 Solana Beach homes sold, the same as in December, unlike other communities where we saw a decline in sales in January.

 

TOTAL HOMES SOLD

13 (no change), 41 Days on Market, Ave. Sales Price $1,055,903 (down 14%), Ave. sale 96% of asking price

Detached Homes Sold
6 (mo change), 34 Days on Market, Ave. Sales Price $1,596,666 (down 12%), Ave. sale 96% of asking price

Attached Homes Sold,
7 (no change), 47 Days on Market, Ave. Sales Price $592,392 (down 19%), Ave. sale 96% of asking price

 

Solana Beach condos for sale, and Luxury properties for sale in Solana Beach CA

 

Sales volume in the Solana Beach housing market for January remained the same as in December, unlike other communities that saw a decline in sales. Average sales prices declined across the board. We are still seeing negotiation in prices, on average 4%. 31% of the homes sold for cash (compared to 38% as last month).

 

The MEDIAN sales price of a detached home was $1,475,000 (up 11% from last month), and $640,000 (down 10%) for attached. Given the relatively small number of sales one should not draw any firm conclusions about pricing trends over a 1-month period.

 

At the end of January 2016 there were 45 homes for sale in Solana Beach, up 13% from last month, following several inventory declines. Once again there were no contingent listings (short sale or REO homes with offers being reviewed by lenders and considered active) as of the end of the month. This represents an inventory of only 2.2 months for attached homes (up from 1.4 last month) and 4.2 months for detached (the same as for last month) based on the current rate of sales over the last 6 months. Housing remains very competitive for buyers in Solana Beach, and is a strong sellers’ market for attached homes, and a seller’s market for detached homes.

 

READ MORE: 

 How Important is Inventory when Buying or Selling? Very!!

 

In January 32 homes came on the Solana Beach real estate market, 2 and ½ times as many as in December (up 146%); similarly, the number of homes going pending doubled, from 8 to 17 (up 113%).

 

This overview of the Solana Beach real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in January. More details can be provided if needed with regard to current activity as well.

 

SEARCH FOR SOLANA BEACH HOMES FOR SALE

 

SEARCH FOR SOLANA BEACH CONDOS FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in December 2015

 

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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and San Diego

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Comment balloon 2 commentsJeff Dowler CRS • February 12 2016 04:58PM
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