Local beach community with great schoolsSolana Beach is a local beach community with a true community feel. When you stop by the local stores or restaurants you will run into someone you know. The schools
Per MLS statistics for the last 4 months the average time on market for Solana Beach west of the 5 up to $3M is 30 days...give or take a day and barring any unusual circumstances such as very poor condition or short sale waiting periods. Homes over $3M have an ave 100 days on market. However, the closer your price is to the last comparable sale the faster it will sell. Right now sellers can be more aggressive with their prices because of the lack of inventory.
There are currently 11 active listings (all price ranges) in that area, 7 homes have gone pending in the last 30 days and 3 have closed escrow.....This means that there are just about 2 months of inventory left on the market. This means that this is a VERY strong Seller's market in this area....anything less than 4 months indicates a sellers market
In addition, the MLS statistics indicate that that average price per square foot for home in that area are now at $665/sqft....for the last qtr of 2012 the ave was $531/sqft, 3rd qtr was $515/sqft., first qtr was $451/sqft. Can you see the trend? Seller's markets bring price increases.
Call me if you have any more questions. I will help you understand the market and where it is going, what that means for your home, how long it will be on the market...and why :)