La Jolla, CA Market Report for the Week of November 19, 2012
The median list price in LA JOLLA, CA this week is $1,999,500.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
CLICK HERE to download the full La Jolla, CA Market Report.
For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens
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Have it all in the coveted Country Club neighborhood of La Jolla. Call us to schedule your private showing 858-551-6630.
Thanks for putting your trust in us! We helped 90 happy homeowners with their real estate needs in 2020, with $182 Million in sales. We are grateful for you!!!!
90 homes reflect 78 sales & 12 leases.
Sales volume does not include leases.
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