La Jolla, CA Market Report for the Week of October 15, 2012
The median list price in LA JOLLA, CA this week is $1,992,500.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Price
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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