Solana Beach Real Estate Market Report for September 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 September 2011 there were 12 Solana Beach homes sold, the same as last month. Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
12 (no change) |
7 (up 17%) |
5 (down 17%) |
|
Average $ |
$867,635 (down 13%) |
$965,232 (down 27%) |
$731,000 (up 10%) |
|
Days on Market |
51 |
59 |
41 |
|
Sale Price/List Price |
95% |
94% |
96% |
Sales volume in the Solana Beach real estate market for September remained the same as last month. Average sales prices rose for attached homes, but declined for attached homes. Interestingly the time needed to sell these homes was about 50% the time for the August sale. Given the small number of sales, one cannot draw any firm conclusions about pricing trends.
At the end of September 2011 there were 119 Solana Beach homes for sale, 7% less than at the end of August, another decline, making the Solana Beach market more competitive for buyers. 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 8.3 months for attached homes (up from 7.4 months) and 9.4 months for detached (down from 11.1 months in August) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In September 20 homes came into the Solana Beach real estate market, 20% fewer than last month; 13 homes went pending in September 2011, in contrast to 15 last month, a decrease of 13%.
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 September. 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 August 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for July 2011
Solana Beach Homes for Sale | Solana Beach Real Estate Market Report for June 2011
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
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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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Great report Jeff. Interesting the differences between the attached and detached year over year !!
Very interesting stats for your market. It's an indepth look like that that helps buyers and sellers make informed decisions.
Gary - well it's pretty common for things to shift a bit month to month
Thanks, Donna. It benefits consumers, but it's also useful information for us who want to be educated about the marketm and help our clients
Jeff
Jeff - The list to sales price ratio in Solana Beach is incredible. Excellent market information!
great report, Jeff,
we have the same situation with attached and detached here, in Connecticut.
Have a great day!