Current Real Estate Market Trends for La Jolla Single Family Homes, Condos & Townhomes

Every Monday morning the market update for La Jolla real estate is released by our partners at Pickford Escrow from one of the top real estate research marketing companies at ALTOS Research. We actually look forward to this report because it shows us important trends that we have been tracking for over 2 years now.

We have seen the condo market go from a buyer's market to a seller's market over night! These are important facts for home sellers and home buyer alike. Purchasing a home could be one of the largest investments in your lifetime...and you want to be sure you are pulling out all of the negotiation stops.

Selling your home could be one of your largest returns, where pricing and timing have a lot to do with your success at getting top dollar. Today home buyers and sellers are both doing their homework, with the internet providing endless resources making consumers more savvy about the process.

You can follow these trends right here on our blog, we will update you every Monday as to trends in the real estate market place of La Jolla. Looking for another city in San Diego? No problem, just EMAIL US your request for an Altos report with your desired zip code.

Condos/Townhomes in La Jolla, CA 92037

The median list price in La Jolla this week is $924,900. The 115 properties have been on the market for an average of 172 days. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply & Demand

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller's zone, it is not surprising that prices have recently resumed their climb. 

Median Price - Despite this week's down tic, price trends have been moving up in the last few weeks. We'll watch the Market Action Index for leading indicators of the durability of this trend.

Price Per Square Foot - The price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This can imply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investment opportunity in the area.

Market Action Index - The La Jolla condo market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.92 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

Single Family Residences in La Jolla, CA 92037

The median list price in La Jolla this week is $2,900,000. The 217 properties have been on the market for an average of 141 days. Demand measured by the Market Action Index is increasing and dayson-market is holding steady. With more properties coming available, conditions are mildly positive.

Supply & Demand

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing. 

Median Price - The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

Price Per Square Foot - The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Market Action Index - The La Jolla single family home 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 26.12 so buyers should expect to find reasonable levels of selection.

Do you have specific goals to buy or sell your home before the end of the year? Perhaps its time to sell your condo and upgrade to a single family home?

First Time Home Buyer? Start with getting pre-approved for your home loan, or setting a cash budget and work backwards. Find out what payment you are comfortable with and then see what is on the market at that price point...you might be surprised to see that a mortgage isn't much more than paying rent.

Hire Team SchuCo

We are passionate about helping home buyers and home sellers reach their goals. Contact us today for your complimentary consultation.

Team SchuCo Of La Jolla
Teresa Schumacher - REALTOR®

Marc Coleman - Marketing/Business Development
Berkshire Hathaway HomeServices California Properties
1299 Prospect Street
La Jolla, CA 92037

E: tschumacher@bhhscal.com
Ph: 619-995-2132

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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.
I “LOVE” my career! Hire me to help you navigate through the home buying or home selling process.
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