Carlsbad Real Estate News and Views: What’s my Solana Beach Home Worth? Solana Beach Housing September 2017

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’s my Solana Beach Home Worth? Solana Beach Housing September 2017

What’s the Value of my Solana Beach Home?

Solana Beach Home Sales September 2017

 

 

Fletcher Cove in Solana BeachSolana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in North San Diego County.

 

 

Understanding recent trends and current market conditions is essential so you can make informed decisions about buying or selling Solana Beach Homes for Sale.

 

 

READ MORE about the Solana Beach 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 September 2017 there were 24 Solana Beach homes sold, an increase of 26% from the number of sales in August, a contrast to the declines we saw in other nearby communities!

 

 

TOTAL HOMES SOLD

24 (up 26%), 31 Days on Market, Ave. Sales Price $1,359,636 (down 24%), Ave. sale 95% of asking price,

 

Detached Homes Sold

16 (up 33%), 27 Days on Market, Ave. Sales Price $1,637,093 (down 22%), Ave. sale 97% of asking price

 

Attached Homes Sold

8 (up 14%), 39 Days on Market, Ave. Sales Price $804,720 (down 31%), Ave. sale 93% of asking price

 

Solana Bech townhomes

 

Overall sales volume in the Solana Beach housing market for September increased from August, especially for detached homes, in contrast to other communities that saw a drop in sales. Average sales prices decreased for detached and for attached homes, as did the average time on the market. We are still seeing negotiation in prices, on average 3 - 7%, however 33% of the homes sold for asking price or better. 33% of the homes sold for cash, compared to 63% last month.

 

 

The MEDIAN sales price of a detached home was $1,336,750 (down 11%), and $727,882 (down 29%) for attached. Given the number of sales, one cannot draw any firm conclusions about pricing trends over just a 1-month period.

 

 

At the end of September 2017 there were 38 homes for sale in Solana Beach, an increase of 9%, the second increase in inventory, another contrast with other communities. There were no contingent listings (typically short sale or REO homes with offers being reviewed by lenders and considered active) as in the last several months. This represents an inventory of 1.9 months for attached homes (the same as last month) and 1.2 months for detached (the same as last month) based on the current rate of sales over the last 6 months. Housing remains very competitive for buyers in Solana Beach, and is a very strong sellers’ market for both detached and attached homes.

 

 

In September 20 new listings hit the Solana Beach real estate market, about 31% fewer than in August; similarly, the number of homes going pending decreased to 12 (down 54%) from last month.

 

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 1 or 2 months and closed in September. Please give me a call at (760) 840-1360 so we can discuss your housing needs and budget, and any questions you have about the market and how it affects your buying and selling needs and plans.

 

 

SEARCH FOR SOLANA BEACH HOMES FOR SALE

 

SEARCH FOR SOLANA BEACH CONDOS FOR SALE

 

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in August 2017

 

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If I can provide more information about homes for sale in Carlsbad and in 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

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and San Diego

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Comment balloon 2 commentsJeff Dowler, CRS • October 12 2017 03:43PM

Comments

Hi Jeff: That's interesting that the pending sales are picking up now and moving faster. Still, a month on market is still pretty good. Beats 6 months. And with low inventory, won't the demand continue, you think, through fall?

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) 10 months ago

Hi Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents 

Yep I do think the demand will continue this fall. The sales volume shift up was a contrast to most other nearby communities. But each one is unique.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 10 months ago

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