Market Report
Solana Beach, CA
Single-Family Homes
Chartwell Escrow
Solana Beach, CA
Thu Sep 21 2023
This week the median list price for Solana Beach, CA is $2,895,000 with the market action index hovering around 35. This is an increase over last month's market action index of 31. Inventory has decreased to 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $2,895,000 | |
| Median Price of New Listings | $2,795,000 | |
| Per Square Foot | $1,739 | |
| Average Days on Market | 124 | |
| Median Days on Market | 112 | |
| Price Decreased | 54% | |
| Price Increased | 0% | |
| Relisted | 15% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,995,000 | 2,715 | 0.5 - 1 acre | 4 | 4 | 36 | 0 | 0 | 105 |
| $3,200,000 | 2,257 | 0.25 - 0.5 acre | 3 | 3 | 66 | 1 | 2 | 21 |
| $2,845,000 | 1,962 | 0.25 - 0.5 acre | 3 | 3 | 0 | 1 | 0 | 112 |
| $2,475,000 | 1,297 | 6,500 - 8,000 sqft | 3 | 1.5 | 58 | 1 | 1 | 80 |