La Jolla, CA Market Report for the Week of December 3, 2012
The median list price in LA JOLLA, CA this week is $2,600,000.
The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends 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 trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
CLICK HERE to download the full La Jolla, CA Market Report.
For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens