La Jolla, CA, Market Report for the Week of January 14, 2013

La Jolla Community, News | 20th Jan 2013

The median list price in LA JOLLA, CA this week is $2,695,000.

Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications 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

Despite this week’s down tic, the price trend remains upward for several weeks. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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Maxine & Marti Gellens, Berkshire Hathaway HomeServices

1 day ago

We are thrilled to have sold this beautiful home!

www.latimes.com/business/real-estate/story/2020-09-23/former-rockets-owner-leslie-alexander-sells... ...

Former Rockets owner Leslie Alexander sells La Jolla beach house for $16 million

www.latimes.com

Longtime Houston Rockets owner Leslie Alexander has finally sold his La Jolla beach house for $16 million after nearly a decade of relists.

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

2 days ago

JUST SOLD ⭐️ Our second oceanfront sale this year on El Paseo Grande in La Jolla Shores where there are just 22 homes on this coveted stretch of sand.

#oceanfront #oceanfrontproperty #lajolla #lajollashores #lajollabeach #beachfrontproperty #beachfront #lajollarealestate #lajollarealtor ...

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

5 days ago

Happy national daughters day Marti!
There could not be a better daughter and business partner in the entire universe. I love you!!! 💕
#nationaldaughtersday ...

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La Jolla, CA, Market Report for the Week of January 14, 2013