La Jolla, CA Market Report for Second Half September, 2012
The median list price in LA JOLLA, CA this week is $1,862,500.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand
In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
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.
CLICK HERE to download the full La Jolla Market Report.
For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens
How much is your
Home worth?
Follow Us
We 💛 the Padres and have been season ticket holders for years. ⚾️ One of the many things we love about San Diego. #letsgopadres #sdpadres #padresfan #padres #padresbaseball
Our teammate, Kate, just sold this fantastic view home in the La Jolla Country Club Neighborhood! Very happy for her and her clients!
#lajolla #lajollacountryclub #lajollarealestate #realestate #oceanviews
We are so happy Broker Caravan is back and we can preview properties for our clients. It’s also nice to physically see and visit with our agent colleagues. Maxine sold this house many years ago and it was fun to see it again.
#lajollahomes #lajollarealtors #lajollarealtor #lajollarealestate #lajollarealestateagent