Solana Beach Real Estate Market Report for April 2011
Solana 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.
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 statistics and therefore will not provide you with an accurate picture of the Solana Beach real estate market conditions.
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 but are not guaranteed.
In April 2011 there were 17 Solana Beach homes sold, 63% less than the number of sales in March. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
9 (down 63%) |
4 (no change) |
5 (down 62%) |
|
Average $
|
$764,111 (up 3%) |
$939,625 (down 32%) |
$623,700 (up 14%) |
|
Days on Market
|
71 |
32 |
103 |
|
Sale Price/List Price
|
95% |
96% |
94% |
Sales volume declined substantially from March, with average sales prices increasing for attached homes but declining for detached. The sales numbers are still relatively small so one cannot draw any firm conclusions about price trends.
At the end of April 2011 there were 123 Solana Beach homes for sale, 5% more than at the end of March. Seven of these homes are "contingent" (short sale or REO homes with offers being reviewed by lenders and so technically still active). This represents an inventory of 14.7 months for attached homes (up from 13.2 months) and 8.3 months for detached (down from 8.9 months in March) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In April 32 homes came into the Solana Beach real estate market, down by 24% from March following 3 months of increased inventory; 17 homes went pending in April 2011, in contrast to 10 last month, an increase of 70%.
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 July. More details can be provided if needed with regard to current activity as well.
Search for Solana Beach Homes for Sale
READ MORE:
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for March 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for February 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for January 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for December 2010
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for November 2010
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for October 2010
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Sounds like just about everywhere is saying there is lower inventory out there. Should help to stabilize pricing overall
What a beautiful photo! That sure is something you won't find here in Florida! I love it!
Interesting that the prices of the attached units have showed an increase despite the clear drop in volume.