There is no one design, style or size when it comes to Luxury Real Estate. It could be a sprawling 15,000 square foot Mediterranean style home tucked in the hills with ocean views from every room, or it could be a 4,000 sq. ft. Contemporary home on Coast Blvd. Today's market update will be taking a look at current real estate market conditions for single family homes, trends in pricing, current levels of supply & demand and value metrics for La Jolla, California (92037).


This week the median list price in La Jolla is $2,996,000.  Inventory has been lightening lately and the Market Action Index is trending up.

The Market Action Index - measures the available supply relative to the current level of demand. Index value above 30 indicates conditions favor the seller and below 30 puts the market at a Buyer's Advantage.

There is a slight upward trend, Market Action Index is at 27.0 - currently indicating a Buyer's Advantage Market.

Supply and demand is indicating a Buyer's Market 

Prices are not moving higher as excess inventory is consumed. It is more than likely that we will see some price reductions this week, especially for homes that have been on the market longer than average. If tightening continues and the market moves into the Seller's zone then we may see upward pressure on pricing.*

"Have you had your eye on a particular property, but don't want to insult the seller with your low offer?! We can help, perhaps your idea of what you are willing to pay for the property isn't as far fetched as you might think?!?"
Days On Market: 169

In La Jolla, properties have been on the market for an average of 169 days. Half of the listings have come newly on the market in the past 133 or so days. It is not uncommon for higher priced homes to take longer to sell than those in lower quartiles.



Are you looking to buy a home in 2016?

Reasons why 2016 could be the year to buy a home:


  • Interest rates are on the rise but still low, now is the time to get a good deal on a home
  • More homes will hit the market
  • CNN Money says that home prices will finally calm down*
  • Rents are on the Rise - is it possible your rent is higher than a mortgage payment?
  • Stock Market got you down? Perhaps a real estate investment is in your future.


Contact us any time for help with your Real Estate needs. We provide complimentary appointments to give you our insight and professional opinion, CLICK HERE to schedule your's today!




*Altos Research Report Compliments of Pickford Escrow

*CNN Source


As your full service REALTOR® specializing in the beautiful city of San Diego, California, it is my personal goal to provide you with exceptional service. Here is where you will find articles on my personal experiences and Real Estate resources. My local expertise backed by one of the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the Real Estate market a definitive mark of stability, strength, quality and innovation.
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