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La Jolla, CA Market Report for the Week of October 29, 2012

La Jolla Community, News | 1st Nov 2012

The median list price in LA JOLLA, CA this week is $1,990,000.

Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.

Supply and Demand

The market has settled in at a relative stasis in inventory and sales conditions. It’s a Buyer’s market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Price

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

CLICK HERE to download the full La Jolla, CA Market Report.

For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens

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