Current Real Estate Market Trends for La Jolla

Hopefully your three day weekend has you sitting back sipping on coffee, relaxing and reading up on the real estate market today. We held open house on Desert View this weekend and had lots of traffic, which brings me back to the fact that there are buyers out there...they just aren't finding what they want at their price point...or they are making offers.

The real estate market in La Jolla for both townhomes and single family residences lies on a plateau this week. Let's take a look at the specific stats.

Condos/Townhomes in La Jolla, California 92037

This week the median list prices for condos and townhomes in La Jolla is $975,000, the 141 properties have been on the market for an average of 190 days. Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

Supply & Demand

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

The real estate market in La Jolla is a Buyer's Advantage Market with the Market Action Index at 26.7, the added inventory could have caused an slight increase as last week we were at (26.3)


For Last week's (2/8/16) market report: CLICK HERE


Median Price - Despite this week's up tic in price, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

These altos reports are complimentary from our affiliate at Pickford Escrow, for your complete report you can send us an email by clicking HERE with La Jolla Altos Report in the subject line...we will forward you a copy. (email: teamschuco@gmail.com)

Single Family Homes in La Jolla, California 92037

The median list price in La Jolla this week is $2,950,000, a slight up-tick from last week ($2,900,000). The 183 properties have been on the market for an average of 152 days.

Inventory is up and the Market Action Index is trending down recently at 26.1 this week. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

Supply & Demand

While prices have been at a plateau for a number of weeks, this is a Buyer's market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

It will be interesting to see what the market does going into Spring and Summer, especially in La Jolla. I have seen a major trend of homeowners putting their home on the market (high end of pricing spectrum), those who really need to sell you will see price reductions. Those who don't HAVE to sell...will pull the home from the market and RENT it.


So...if you see something you like while you are out home shopping, get yourself a Buyer's Agent (we love working with buyers) who will give you the comparative market report and realistic market value of the home and make an offer. What do you have to lose? Could they say "No Way Jose" it's possible...but at least you have a ticket to the game and the negotiation can begin, if they are slightly interested then they will respond to your offer.

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.

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 26.07 so buyers should expect to find reasonable levels of selection.

How are you finding homes? Are you on Zillow? Working with a Buyer's Agent? Visiting Open Houses? With the sign ordinance in La Jolla it makes it difficult to accurately see which homes are on the market.

If you would like updates as they happen in the real estate market with New Inventory we can set you up on a Client Connect Portal, that will give you access to real time data for real estate in La Jolla. Get in touch with us to set you up.

Enjoy your President's Day off and if you want to see property today you can reach us at
619-995-2132. If you are a home buyer looking for your dream home in La Jolla or other San Diego city, we can help. Call, text, email or ping us on social media.

If you missed last week's market update you can click the title below for access:

Monday Market Update | La Jolla Real Market Conditions Week of 2-8-16

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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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