Carlsbad Real Estate News and Views: What’s my Solana Beach Home Worth? Market Report for August 2018

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? Market Report for August 2018

What’s the Value of my Solana Beach Home?

Solana Beach Home Sales for August 2018

 

Fletcher's Cove 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 home listings and sales (private sales are not included, nor are multifamily properties or mobile/manufactured housing). The data are believed to be reliable at the time this report was published, but are not guaranteed.

 

In August 2018 there were 23 Solana Beach homes sold, more than double the number of sales last month (up 109%). Here are the highlights:

 

 

TOTAL HOMES SOLD

23 (up 109%), 21 Days on Market, Ave. Sales Price $1,568,087 (no change), Ave. sale 94% of asking price,

Detached Homes Sold
13 (up 63%), 24 Days on Market, Ave. Sales Price $1,718,354 (down 2%), Ave. sale 95% of asking price

Attached Homes Sold
10 (up 233%), 17 Days on Market, Ave. Sales Price $1,372,740 (up 36%), Ave. sale 93% of asking price

 

Overall sales volume in the Solana Beach housing market for August more than doubled from July; the increased sales were especially dramatic for attached homes. Average sales prices increased for attached homes (condos, town homes) but decreased slightly for detached single family homes. Average marketing time dropped significantly for detached homes but declined slightly for attached homes.

 

Buyers were able to negotiate their sales prices, on average 5 - 7%, with 26% selling at or above list price. 35% of the homes sold for cash, compared to 36% last month.

 

The MEDIAN sales price of a detached home was $1,425,000 (down 19%), and $1,442,500 (up 44%) for attached. Given the number of sales, one should not draw any firm conclusions about pricing trends over just a 1-month period.

 

At the end of August 2018 there were 51 homes for sale in Solana Beach, down modestly by 4% from July. There were 3 contingent listings (these are typically short sale or REO homes with offers being reviewed by lenders and considered active), compared to 1 last month; in this case all 3 are first right of refusals due to other offers, and are not short sales or REOs.

 

Solana Beach town homes

 

This represents an inventory of 4.2 months for attached homes (down from 4.3 months last month) and 2.2 months for detached (down from 2.9 months last month) based on the current rate of sales over the last 3 months. Housing remains competitive for buyers in Solana Beach, and is a very strong sellers’ market for detached and a strong sellers market for attached home buyers.

 

In August 26 new listings hit the Solana Beach real estate market, 19% fewer than in July; similarly, the number of homes going pending (excluding homes that sold in August) also decreased, from 19 last month to 15 in August.

 

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 local market conditions affect your buying and selling needs and plans. Then we can create a strategy to help you buy or sell your Solana Beach home in 2018.

 

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 July 2018

 

My Jeff Dowler signature

 

**************************************

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW

 

Click to Search for All San Diego Homes

At Home In Carlsbad blog

 

365 Things to Do in Carlsbad (and Nearby) on Facebook   

Jeff Dowler's Flickr Profile  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile    Jeff Dowler's Twitter Profile   Jeff Dowler's LinkedIn Profile

 

      CRS Designation Logo

 

ALL ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE (link)

 

If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market, or otherwise assist you, friends or family in a home search or home sale, please contact my mobile office or text me at (760) 840-1360, or feel free to 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

All content ©Copyright by Jeff Dowler. All rights reserved.

Solutions Real Estate (CA DRE lic. 01470977)

Comment balloon 6 commentsJeff Dowler, CRS • September 08 2018 05:21PM

Comments

Nice presentation, Jeff. I hope you are having a great weekend and getting to do something fun.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 2 months ago

This is a very nice presentatino and a great call to action - I hopeit brings lots of business for you! Have a great weekend 

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) 2 months ago

You always provide good information about your housing market. Thank you for sharing 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 2 months ago

Hi Debbie Reynolds 

Thank you for the well wishes. It's been a wonderful but busy weekend.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 2 months ago

Hi Lise Howe  Thank you for the kind words. It's been an interesting market to watch with plenty of good opportunities.

Gita Bantwal  Thank you!!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 2 months ago

Jeff Dowler, CRS Thank you for sharing this report.  It offers great insights for buyers and sellers alike.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Crye-Leike REALTORS®) 2 months ago

Participate