Solana Beach Real Estate Market Report for June 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 June 2011 there were 23 Solana Beach homes sold, 11% more than the number of sales in April. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
23 (up 130%) |
10 (up 67%) |
13 (down 225%) |
|
Average $
|
$776,065 (down 26%) |
$1,005,250 (down 33%) |
$599,769 (up 35%) |
|
Days on Market
|
68 |
53 |
81 |
|
Sale Price/List Price
|
95% |
97% |
95% |
Sales volume rose significantly over May, with average sales prices increasing significantly for detached homes but declining for detached, the same pattern as in May.
At the end of June 2011 there were 136 Solana Beach homes for sale, 5% more than at the end of May. Ten of these homes are "contingent" (short sale or REO homes with offers being reviewed by lenders and considered active). This represents an inventory of 11 months for attached homes (down from 14.4 months) and 10.1 months for detached (up from 9.9 months in May) 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 25 homes came into the Solana Beach real estate market, 26% less than in May; 11 homes went pending in June 2011, in contrast to 15 last month, a decrease of 27%.
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 May 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for April 2011
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
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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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Jeff: Good information to have regarding that particular area...the Hamptons is an affluent area as well and we are still seeing the downward adjustment in prices here. It is good to see that you are seeing a nice increase in sales. I am the busiest agent in my office right now and my business is going strong. I think that the later we were affected by the real estate crash, the later it is going to be before we adjust as other markets. I may take a page from your local information and put out our most recent report too! Thanks for sharing it!
Jeff - I love your picture - looks like a postcard for your Solana Beach, one people would purchase to send back home showing what a beautiful place they are visiting. This is an excellent marekt report.
Jeff
Solana Beach homes look like the lifestyle I want. Happy Fourth to you and yours
Paula - thank you for stopping by, Congratulations on being so busy - not everyone is in that situation. I agree - the areas that were hit earlier seem to be heading toward some sort of recovery, or are further along in the process. We are seeing more adjustments in the high end market, including REOs. Just saw a bankruptcy listed the other day for $19,000,000.
Thanks, Barbara - I appreciate the compliment.
Tom - it's a wonderful area with an eclectic downtown.
Jeff