LA JOLLA, CA Market Report for the Week of March 26, 2013
The median list price in LA JOLLA, CA this week is $2,750,000.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Price
Despite this week’s down tic, the price trend remains upward for several weeks. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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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Congratulations to our teammates, @the_littlemore_group and their Buyers on the sale of this great home! Their clients were [email protected] purchase this by putting in a backup offer on the home!
Backup offers can be a great way to secure that home you’ve been dreaming of. If you have questions on how backup offers can help you, be sure to give us a call!
858.551.6630
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[email protected] is this entrance to our previous listing on Calle Tiara?! That gate and courtyard… *chefs kiss*
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