LA JOLLA, CA Market Report for the Week of April 19, 2013
The median list price in LA JOLLA, CA this week is $2,785,000.
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 and Demand
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
This week’s bump in median price bucks the recent downward trend. The Market Action Index is a good leading indicator for whether this change establishes a trend.
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For more information about single family homes in LA JOLLA, CA contact Maxine Gellens.