Current Real Estate Market Trends For La Jolla Single Family Homes, Condos & Town Homes

Summer is a fast moving market in real estate and this year is no different. Kids are out of school and moving is made easier for families to adjust before the new school year begins. Its important to take a look at the market trends to see how you should approach making an offer when you find your dream home.


If its a buyer's market...you probably don't want to offer full asking price and leave some room for negotiation. A seller's market is different in that you may not be the only one that wants the home and sometimes an offer over asking will seal the deal. Either way...here is a look at the La Jolla market trends this week.

Condos and Townhomes in La Jolla, California 92037

The median list price in La Jolla this week is $949,500. The 118 properties have been on the market for an average of 161 days. The Market Action Index has been trending down recently, but as days on-market decreases also, there are not strong signals for the direction of the market.

Supply & Demand

"In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb."

Median Price - The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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 condo market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.84 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

This week 31% of condos in La Jolla had a price decrease and 25% were re-listed.

Single Family Homes in La Jolla, California 92037

The median list price in La Jolla this week is $2,995,000. The 221 properties have been on the market for an average of 145 days. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

Supply & Demand

"The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market."

Median List Price - The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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 detached homes 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 25.21 so buyers should expect to find reasonable levels of selection.

This week 41% of detached homes in La Jolla had a price decrease and 19% were re-listed. 

We have great home buying techniques that will help get you into your dream home in no time. Have you hired your Buyer's Agent yet?? Its important to hire a professional that is representing your best interests in one of the most expensive transactions you will ever make.

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

Make An Appointment

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.
CONTACT USFollow Us on Twitter Follow Us on Pinterest Like Us on Facebook