Buy Your Home With Team SchuCo of La Jolla
Have you been looking to downsize? or perhaps a first time home buyer looking to get started in with a real estate investment?  Today we are taking a look the real estate market conditions for condos and townhomes in La Jolla. There are plenty of pros and cons to owning a townhome, home buyers are mainly attracted to the low-maintenance, turn-key lifestyle it provides.
Last week we reported on single family homes: view report by clicking here.

This week the median list price for condos and townhomes in La Jolla is $984,000, where the 130 properties have been on the market for an average of 231 days. Inventory has been lightening lately and the Market Action Index has been trending upward.


Buy Your Home With Team SchuCo of La Jolla
The Market Action Index - is showing no change this week at 28.5 indicating a Buyer's Market. Remember, an index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Supply & Demand

Regardless of a relatively high amount of available inventory, this Buyer's market is still seeing prices trend upward.

"Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse."

Even though the inventory levels are considered to be high the Buyer's market is still seeing prices move higher. As we move into Spring/Summer months we usually see more buyer's on the market which creates bidding frenzies. So I ask you...Is NOW the PERFECT time to buy?


Buy Your Home With Team SchuCo of La Jolla

"The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop."
The La Jolla condo/townhome market is currently in the Buyer's Advantage zone, but not strongly so. The 90-day Market Index stands this week at 28.53 so buyers should expect to find reasonable levels of selection.

If you are ready to begin your home search this week you can reach us by scheduling an appointment: CLICK HERE. We would love to help you find your dream home.

The condo/townhome properties in La Jolla have been on the market for an average of 231 days. Half of the listings have come newly on the market in the past 119 or so days. This takes me back to what I shared last week in that if you have seen something you like but feel like it is overpriced. What would you pay? You might not be as far off as you think, get our professional advice and send us an e-mail or call us up, we can make suggestions based on statistics and recent market activity.



Buy Your Home With Team SchuCo of La Jolla


It is not uncommon for higher priced home to take longer to sell than those in lower quartiles.

Have you been thinking about selling your home? 


Check out our blog article series geared towards helping home sellers get ready for the sale:
Click titles below for story.

Feel free to contact us anytime for your Real Estate needs in San Diego.

Hey, by the way we can provide these reports for any city in San Diego, request your city's complimentary report by emailing Team SchuCo! 




*reporting for the week of 1/18/16 - provided by our partners at Pickford Escrow





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