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LA JOLLA, CA Market Report for the Week of June 28, 2013

La Jolla Community, News | 1st Jul 2013

The median list price in LA JOLLA, CA this week is $2,740,000. 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.

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Supply and 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.
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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.
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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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