Solana Beach Real Estate Market Report for June 2010

Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and among the more expensive coastal communities in the San Diego area.
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; area media reports focus on general market conditions and therefore will not provide an accurate picture of the Solana Beach real estate market conditions.
The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties). The data are believed to be reliable but are not guaranteed.
In June 2010 there were 18 Solana Beach homes sold, 1 less than last month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
18 (down 1) |
11 (up 83%) |
7 (down 46%) |
|
Average $
|
$983,877 (down 5%) |
$1,261,117 (down 36%) |
$548,214 (down 10%) |
|
Days on Market
|
74 |
101 |
33 |
|
Sale Price/List Price
|
96% |
96% |
96% |
Sales volume shifted slightly over May volume, however prices dropped substantially due to lesser price homes selling in June than in May (especially detached - a $4.5M sale last month raised average substantially).
At the end of June 2010 there were 118 Solana Beach homes for sale, 4 more than in May. This represents an inventory of 7.6 months for attached homes (up from 7.3 months) and 7.5 months for detached (up from 7.2 months) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In June 27 homes came on the market (down 29% from than last month). Pending sales saw a similar trend with 33% fewer homes going pending in June than in May.
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 June. More details can be provided if needed with regard to current activity as well.
READ MORE:
Solana Beach Real Estate - Solana Beach Real Estate Market Report for May 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for April 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for March 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for February 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for January 2010
Solana Beach Real Estate - Solana Beach Real Estate Market Report for December 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for November 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for October 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for September 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for August 2009
Solana Beach Real Estate - Solana Beach RealEstate Market Report for July 2009
Solana Beach Real Estate - Solana Beach Real Estate Market Report for June 2009
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If I can provide more information about Carlsbad real estate and surrounding areas, the housing market, or otherwise assist you, friends or family in a home search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
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