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Single Family Homes Market Report for La Jolla for the week of July 23, 2012

News | 25th Jul 2012

The median list price in LA JOLLA, CA this week is $1,945,000.

Inventory has been a bit scarce lately and the Market Action Index has been climbing up. Though days-on-market is increasing, these are moderately positive indications for the La Jolla market.

Price

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.

 

To download the full La Jolla Market Report, CLICK HERE

For more information on La Jolla Single Family Homes CLICK HERE to contact Maxine and Marti Gellens

 

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