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La Jolla, CA Market Report for the Week of October 15, 2012

News | 19th Oct 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.

CLICK HERE to download the full La Jolla Market Report.

For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens

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10 BEDS | 11 BATHS | 7,940 Sq Ft
Resting upon an elevated estate view lot, in a peaceful and private setting in the Covenant of Rancho Santa Fe, sits this majestic, gated Spanish home on over 4-acres. The residence is wonderful as-is or can be transformed to fulfill your most discriminating tastes. Overlooking the valley with vast views to the south, the pristine grounds include a resort-inspired pool & spa, palapa with an outdoor kitchen, tennis court with a viewing deck, detached guest/pool house, detached office, and a covered lanai off of the kitchen. Custom designed with a grand yet tranquil ambiance, the residence’s light and airy interior includes an impressive 2-story foyer, 6 en suite bedrooms, 8 full baths plus 3 powder rooms, beautiful living and entertaining areas with soaring ceilings, and a generous cook’s kitchen with 2 islands, a breakfast area, wine refrigerator, and an abundance of cabinetry. Close yourself off from the world in the sumptuous, main floor master retreat offering a beautiful rotunda entry, an office with a powder room, a sitting room with a fireplace, and a bonus room perfect for a nursery, exercise room or whatever best suits your needs. Expansive and light-filled, the breathtaking bath boasts his-and-hers walk-in closets, water closets and vanities. French doors open onto a tranquil garden patio leading to the detached home office. Take the graceful, curved stairwell to the upper level where you will find 3 exceptional bedroom suites, an exercise room plus a cigar room/library, which could be an additional bedroom suite. Parking is a breeze with garages for 5 vehicles, as well as more than ample off-street parking. With an amazing Covenant location, privacy and views…this exceptional entertainer’s estate has it all!
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