La Jolla, CA Market Report for the Week of October 8, 2012
The median list price in LA JOLLA, CA this week is $1,995,000.
Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.
Supply and Demand
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Price
Despite this week’s down tic, price trends have generally been moving up lately. Prices are below the market’s high point, and so watch the Market Action Index as an indicator of how long this trend will last.
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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Congratulations to our teammates, @the_littlemore_group and their Buyers on the sale of this great home! Their clients were [email protected] purchase this by putting in a backup offer on the home!
Backup offers can be a great way to secure that home you’ve been dreaming of. If you have questions on how backup offers can help you, be sure to give us a call!
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[email protected] is this entrance to our previous listing on Calle Tiara?! That gate and courtyard… *chefs kiss*
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