Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities in coastal San Diego. Despite changes in prices over the last several years the Solana Beach real estate market has seen less dramatic changes than some other nearby towns further inland.
READ MORE: Solana Beach Real Estate
As a buyer or seller in the Solana Beach real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Solana Beach real estate market.
The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manufactured homes). The data are believed to be reliable but are not guaranteed.
In September 2009 11 homes sold in the Solana Beach real estate market, the same as in the previous month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
11 (no change) |
6 |
5 |
|
Average $
|
$849,909 (down 2%) |
$1,158,333 (down 13%) |
$479,800 (down 20%) |
|
Days on Market
|
114 |
161 |
56 |
|
Sale Price/List Price
|
91% |
87% |
94% |
While sales volume has been consistent for the last 2 months, and average prices dropped again for detached homes (they returned to about the same level as in July for attached), it is unwise to draw any firm conclusions about pricing trends because of the small number of sales that occur each month in the Solana Beach real estate market.
Of the 11 home sales, 1 attached home was an REO.
There were 8 Solana Beach homes on the market with a Contingent status (3 more than last month), i.e., short sale or REO homes that have offers being considered by lenders. These are included in the statistics below.
At the end of September 2009 there were 120 Solana Beach homes for sale, down 12% from last month. This represents an inventory of 7.4 months for attached homes (compared to 8.4 months in August) with another respectable decrease to 11.5 months for detached homes from the 15.4 months last month (on the tail of a 2 month decrease from July), based on the current rate of sales over the last 6 months.
In September 20 homes came on the market, 33% fewer than in August, and 17 homes went pending, 2 more than last month. Overall the statistics suggest a more competitive market for Solana Beach with fewer new listings, more pendings, and a steady sales volume. Prices are becoming more favorable for buyers, on average.
More details can be provided if needed with regard to current real estate activity in Solana Beach.
READ MORE:
Solana Beach Real Estate - Solana Beach Market Report for July 2009
Solana Beach Real Estate - Solana Beach Market Report for June 2009
Solana Beach Real Estate - Solana Beach Market Report for May 2009
Solana Beach Real Estate - Solana Beach Market Report for April 2009
Solana Beach Real Estate - Solana Beach Market Report for March 2009
Solana Beach Real Estate - Solana Beach Market Report for February 2009
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If I can provide more information about Solana Beach real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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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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