LA JOLLA, CA Market Report for the Week of April 7, 2013
The median list price in LA JOLLA, CA this week is $2,650,000. With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.
Supply and Demand
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Price
Again this week we see a downward notch for prices. Prices
continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
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For more information about single family homes in LA JOLLA, CA contact Maxine Gellens.
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