Solana Beach Annual Real Estate Market Trends
| Solana Beach | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $534,343 | $500,000 | 134 | 65 | 95.9% | |||
| 1999 | $592,887 | $540,000 | 129 | 69 | 96.3% | 11.0% | 8.0% | -3.7% |
| 2000 | $735,507 | $645,000 | 128 | 59 | 95.7% | 24.1% | 19.4% | -0.8% |
| 2001 | $796,211 | $678,500 | 88 | 60 | 94.9% | 8.3% | 5.2% | -31.3% |
| 2002 | $794,527 | $710,000 | 124 | 65 | 94.2% | -0.2% | 4.6% | 40.9% |
| 2003 | $912,194 | $786,500 | 128 | 60 | 96.1% | 14.8% | 10.8% | 3.2% |
| 2004 | $1,296,975 | $1,125,000 | 99 | 43 | 95.7% | 42.2% | 43.0% | -22.7% |
| 2005 | $1,330,980 | $1,160,000 | 84 | 56 | 93.7% | 2.6% | 3.1% | -15.2% |
| 2006 | $1,427,184 | $1,212,500 | 88 | 62 | 93.5% | 7.2% | 4.5% | 4.8% |
| 2007 | $1,377,310 | $1,237,500 | 72 | 79 | 92.6% | -3.5% | 2.1% | -18.2% |
| Solana Beach | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $279,805 | $239,500 | 152 | 51 | 96.1% | |||
| 1999 | $339,449 | $317,500 | 163 | 48 | 96.3% | 21.3% | 32.6% | 7.2% |
| 2000 | $396,636 | $360,000 | 164 | 41 | 96.6% | 16.8% | 13.4% | 0.6% |
| 2001 | $422,759 | $380,000 | 126 | 51 | 96.3% | 6.6% | 5.6% | -23.2% |
| 2002 | $455,547 | $425,000 | 166 | 61 | 96.9% | 7.8% | 11.8% | 31.7% |
| 2003 | $527,354 | $485,000 | 171 | 40 | 96.9% | 15.8% | 14.1% | 3.0% |
| 2004 | $673,082 | $647,500 | 146 | 31 | 97.5% | 27.6% | 33.5% | -14.6% |
| 2005 | $750,109 | $700,000 | 119 | 42 | 96.5% | 11.4% | 8.1% | -18.5% |
| 2006 | $783,695 | $702,500 | 92 | 67 | 94.6% | 4.5% | 0.4% | -22.7% |
| 2007 | $698,764 | $645,000 | 81 | 69 | 94.7% | -10.8% | -8.2% | -12.0% |
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DEFINITIONS
- Median Price
- Median Price is the price at which 50% of properties sold were above that price and 50% were below.
- Average Price
- Average Price is the sum of all prices divided by the number of sales.
- DOM
- Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
- SP/LP
- The average selling price divided by the average list price.
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