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

15 hours ago

La Jolla has just 3 high-rises that were grandfathered in before height restrictions were put in place. 939 Coast is the only one on the ocean in La Jolla and we love selling these luxury condos. Stay tuned for what we might have coming next…

#lajollaluxury #lajollahighrise #939coast #lajollaoceanfront ...

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices

6 days ago

Enjoy sophisticated modern flair with this custom home in the coveted guard-gated community of The Bridges. Set upon a beautifully landscaped, 0.8-acre parcel on a cul-de-sac creating a very private setting with no neighbor behind you. Ideally designed to embrace indoor-outdoor living with a gorgeous, gated entry courtyard, an expansive lanai with a fireplace inviting al fresco dining, and a tranquil backyard highlighted by an infinity-edge pool, spa, outdoor fireplace and plenty of space for lounging. Call us to schedule a private showing.

#moderndesign #rsf #ranchosantafehomes #thebridges ...

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

1 week ago

SOLD we were able to bring our buyers to our sellers for a smooth, quick transaction. Our teammate Kate Adams knows the La Jolla Shores extremely well as she lives in and is heavily involved in the community for years. #whoyouworkwithmatters #lajollashores #lajollashoresbeach #lajollashoresliving ...

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