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 Happened in the Solana Beach Real Estate Market in September 2014

Solana Beach Homes for Sale

What Happened in the Solana Beach Real Estate Market in September 2014?

 

Waterfront Homes and Condos for Sale in Solana Beach, CA, and Solana Beach Properties for SaleSolana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in the North San Diego County area.

 

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 BeachHomes 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.

 

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Solana BeachReal 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 September 2014 there were 18 Solana Beach homes sold, 10% fewer than in July.

 

 

TOTAL

DETACHED

ATTACHED

# Sold

18 (down 10%)

7 (no change)

11 (down 15%)

Average $

$1,157,278 9 (up 17%)

$1,871,000 (up 38%)

$703,091 (down 11%)

Days on Market

82

111

64

Sale Price/List Price

96%

97%

95%

           

Sales volume in the Solana Beach housing market for September dropped for attached home sales but stayed the same for detached. Average sales prices shifted upwards for detached homes, in part due to the sale of 3 homes over $2M, but declined for attached homes. We are still seeing negotiation in prices, on average 3 - 5%, and 44% of the homes sold for cash (vs. 25% last month).

 

Solana Beach Oceanfront Condos and Homes for Sale, and Luxury Homes for Sale in Solana Beach CA

 

The MEDIAN sales price of a detached home was $1,875,000 (up 44% from last month), and $670,000 (down 12%) for attached. Given the small number of sales one cannot draw any firm conclusions about pricing trends over a 1-month period.

 

At the end of September 2014 there were 56 homes for sale in Solana Beach, up by 16% from last month. There was 1 contingent listing (short sale or REO homes with offers being reviewed by lenders and considered active) which is included in the Active statistics. This represents an inventory of 2 months for attached homes (up from 1.7 months last month) and 5.4 months for detached (up from 4.9 months in August) based on the current rate of sales over the last 6 months. Housing remains very competitive for buyers in Solana Beach, and favors sellers for attached homes but has shifted a bit from a balanced to a seller’s market for detached homes.

READ MORE: 

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

 

In September we saw 32 homes come into the Solana Beach real estate market, an increase of 39% from last months’ new listings; the number of pending homes shifted down slightly, by 1, to 14 (down 7%).

 

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 September. 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:

 

Solana Beach Homes for Sale – What Happened in the Solana Beach Real Estate Market in August 2014?

 

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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

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3 commentsJeff Dowler CRS • October 31 2014 10:59AM
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