LA JOLLA, CA Market Report for the Week of February 25, 2013

La Jolla Community, News | 25th Feb 2013

Graphs & Charts The median list price in LA JOLLA, CA this week is $2,750,000.

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

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.

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions.

Price

Prices are climbing and we’re nearing the market’s all time high. 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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Maxine & Marti Gellens, Berkshire Hathaway HomeServices

6 days ago

Celebrating this beautiful, intelligent and amazing lady’s promotion to President of Berkshire Hathaway HomeServices California Properties.

Congratulations @marthabhhscalifornia - we are so happy for you!!

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

1 week ago

We can’t say it enough, we are so grateful for all our clients and supporters who have placed us in the #1 position in La Jolla for GCI (Gross Commission Index) Berkshire Hathaway HomeServices with $123,998,919 in sales for the first half of 2021. We also could not have done it without the leadership from Berkshire Hathaway HomeServices and our coach Tom Ferry.

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

1 week ago

Just Sold for $10.3M in Montoro!

We represented both the Buyer and Seller on this gorgeous home, and are very happy for both our clients!

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LA JOLLA, CA Market Report for the Week of February 25, 2013