Carlsbad Real Estate News and Views: What’s my Solana Beach Home Worth? Market Report for October 2020

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 October 2020

What’s the Value of my Solana Beach Home?

Solana Beach Home Sales for October 2020

 

Solana Beach cliffsSolana 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 buyers and sellers can make educated 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 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 October 2020 there were 19 Solana Beach homes sold, 1 less than last month. Here are the highlights:

 

Single Family Homes Sold
10 (up by 1); Average Sales Price $2,376,750 (up 15%); Average Sales Price was 94% of original asking price

Condos, Townhomes and Duplexes Sold
9 (down by 2); 17 Average Days on Market; Average Sales Price $945,877 (down 32%), Average Sales Price was 94% of original asking price

 

Overall sales volume in the Solana Beach housing market for October dropped slightly, with 1 more single family home sale but 2 fewer condo, townhome and duplex sales. The average sales price for single family homes rose substantially, no doubt due, in part, to the sale of 4 homes over $2M with 1 at over $6M; we saw a big decrease in the average sales price of condos and townhomes compared to last month, likely due to last month’s sale of 4 properties for more than $1M that had raised that average.

 

The average marketing time for condos and townhomes was shorter than in September.

 

Buyers were able to negotiate their sales prices down from original list price, on average by 4%. 3 Solana Beach buyers (16%) paid asking price or better for their new homes.

 

The median sales price of the condos, townhomes and duplexes in October was $925,000 (19% higher). The median price of the single family homes that sold was $1,825,000, up 1%.

 

At the end of October 2020 there were 43 homes for sale in Solana Beach, ranging in price from $599,999 to $18,995,000, about 10% more than last month (39). Solana Beach has a housing inventory of only 2 months for condos and townhomes (up from 1.7 months last month) and 2.4 months for single family homes (up from 2.2 months last month) based on the current rate of sales over the last 3 months.

 

Solana Beach Townhomes

 

At this time the housing market continues to strongly favors sellers of condos and townhomes, as well as single family homes.

 

There were no Active Under Contract listings in October, the same for the last 6 months.

 

In October 31 new listings came on the Solana Beach real estate market, 63% more than last month and good news for buyers. The number of homes going pending (excluding homes that sold in October) also rose from September, with 20 pendings compared to 16. It was a pretty busy month for buyers and sellers!

 

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 2020

 

SEARCH FOR SOLANA BEACH DETACHED HOMES FOR SALE

SEARCH FOR SOLANA BEACH CONDOS and TOWNHOMES FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in September 2020

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, local housing market conditions, or assist you, friends or family in a purchase or sale, please call or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

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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  Greater San Diego

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Comment balloon 6 commentsJeff Dowler, CRS • November 09 2020 03:50AM

Comments

The Solana beach market seems pretty active, considering the price point and luckily more inventory is coming on the market to keep buyers supplied with choices. Calling Jeff Dowler, CRS for advice as a buyer or seller is well advised.

Posted by Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line (Long & Foster Real Estate Inc 610-225-7400) 17 days ago

Good morning Jeff. Your service area is truly unique and pricey. And, demand continues. Thanks for the update. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 17 days ago

Thanks for the kind words Nick Vandekar, 610-203-4543  There are some good opportunities in Solana Beach IMO.

No argument there Wayne Martin 

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California, Inc.) 17 days ago

Great stuff Jeff. You have no idea how much I miss the ocean or even just the smell of the salt from the waves as it wafts in to the interior part of the county.

Posted by Rocky Dickerson, Superior Service! (Realty One Group) 17 days ago

Jeff Dowler, CRS  Beautiful market report as always.. Anyone looking to buy or sell in this area should call you as you are the local expert 

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376 (Re/Max Eastern inc.) 16 days ago

Solana Beach home buyers and sellers are sure to value your real estate market report, Jeff.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 16 days ago

Participate