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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 March 2014?

Solana Beach Homes for Sale - What Happened in the Solana Beach Real Estate Market in March 2014?

Waterfront Homes for Sale in Solana Beach and Solana Beach Homes and Condos 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 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 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 March 2014 there were 20 Solana Beach homes sold, 82% more than in February.

 

 

TOTAL

DETACHED

ATTACHED

# Sold

20 (up 82%)

7 (no change)

13 (up 225%)

Average $

$1,144,420 (up 11%)

$1,717,357 (up 62%)

$836,992 (down 14%)

Days on Market

43

87

20

Sale Price/List Price

97%

96%

97%

 

Sales volume in the Solana Beach housing market for March rose significantly for attached home sales but no change for detached homes. Average sales prices shifted upwards for detached Solana Beach homes (in part due to the fact that 6 of the sales were over $1M and 1 home sold for $3.525M) but decreased for attached. We are still seeing negotiation in prices, on average 3 - 4%, with a few homes selling for at or over asking price (as much as 3%). 45% of the homes sold for cash, and again there were no short sales.

 Solana Beach homes and condos for sale and properties for sale in Solana Beach CA

The MEDIAN sales price of a detached home was $1,550,000 (up 44% from last month), and $875,000 (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 March 2014 there were 52 homes for sale in Solana Beach, the same as last month. There was 1 “contingent” listing (short sale or REO homes with offers being reviewed by lenders and considered active). This represents an inventory of 3.8 months for attached homes (down from 4 months last month) and 3 months for detached (up from 2.7 months in January) based on the current rate of sales over the last 6 months. Housing remains very competitive for buyers in Solana Beach, and favors sellers especially for detached homes.

READ MORE: 

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

In March we saw fewer homes come into the Solana Beach real estate market, 28 (down 10%), compared to last months’ new listings; the number of pending homes rose to 21, up by 24%.

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 March. 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 February 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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0 commentsJeff Dowler CRS • April 24 2014 07:01AM
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