La Jolla, CA Market Report for the Week of October 22, 2012
The median list price in LA JOLLA, CA this week is $1,990,000.
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
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.
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens