LA JOLLA, CA Market Report for the Week of March 4, 2013

La Jolla Community | 4th Mar 2013

The median list price in LA JOLLA, CA this week is $2,597,500.

Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Supply and Demand

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Price

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

CLICK HERE to download the full market report for LA JOLLA, CA.

For more information on single family homes in LA JOLLA, CA contact Maxine Gellens.

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices Maxine & Marti Gellens, Berkshire Hathaway HomeServices is in La Jolla.

5 days ago

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LA JOLLA, CA Market Report for the Week of March 4, 2013