Current Real Estate Market Trends for La Jolla Single Family Homes, Condos & Townhomes
The last day of school for traditional San Diego schools is tomorrow, bet you can't wait!! If home shopping is on your list of things to do this summer then stay tuned, today we cover the La Jolla real estate market with an update of trends and pricing.
Condos/Townhomes in La Jolla, CA 92037
The median list price in La Jolla this week is $949,500. The 114 properties have been on the market for an average of 170 days. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market. Could the condo market dip back down into the Buyer's Advantage zone....Supply & Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. Currently we are in a Seller's market so watch for upward pricing pressure in the near future if the trend continues.Median Price - Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Market Action Index - The La Jolla market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 32.07 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Single Family Homes in La Jolla, CA 92037
The median list price in La Jolla this week is $2,972,500. The 216 properties have been on the market for an average of 144 days. Demand measured by the Market Action Index is increasing and days on-market is holding steady. With more properties coming available, conditions are mildly positive.Supply & Demand
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.Median Price - The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Price Per Square Foot - The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
Market Action Index - The La Jolla market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.76 so buyers should expect to find reasonable levels of selection.
Whether you are looking for a single family home or a condo, La Jolla is one of the most beautiful cities in San Diego. We can help you find your dream home.
Great home buyer opportunity in the Village - 3 bedroom condo listed at $975,000! (no longer on market)
Schedule your appointment today to see this beauty! Neighbors rave about the convenient location and being able to walk to nearby amenities. Call 619-995-2132
As your full service REALTOR® specializing in the beautiful city of La Jolla, 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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