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LA JOLLA, CA Market Report for the Week of April 7, 2013

La Jolla Community, News | 16th Apr 2013

The median list price in LA JOLLA, CA this week is $2,650,000. With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.

LJ1

Supply and Demand

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
LJ2

Price

Again this week we see a downward notch for prices. Prices
continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
LJ3
CLICK HERE to download the full market report for LA JOLLA, CA.
For more information about single family homes in LA JOLLA, CA contact Maxine Gellens.
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