Market Trends
What’s the Trend in La Jolla’s Real Estate Market?
August 18, 2010 by Michelle Silverman · 1 Comment
Here is a quick review of La Jolla’s Real Estate Market Trend for the week of Aug 9, 2010
The median list price in La Jolla last week was $2,350,000. The 311 properties have been on the market for an average of 161 days.
From this chart you can see that the inventory and days on the market are both trending higher in recent weeks. This chart also shows that during the past week 36% of the properties on the market have had a price decrease. Also in terms of Supply and Demand the market is getting cooler with more homes coming on the market relative to the sales demand. Because of the excess of inventory, prices have not yet stopped falling. What does this all mean? The Index is still indicating that it’s a Buyer’s Market.
So if you are wondering if NOW the time to BUY a home in La Jolla? My answer is YES, especially with interest rates still at historic lows and great deals to be found why wait! If you need a current market analysis or have real estate questions please give me a call 619-980-2738 or visit my website .
First half of 2010 San Diego County’s Notice of Defaults are down 41%!
July 21, 2010 by Michelle Silverman · 1 Comment
If you compare the first half of 2010 to same period last year, this San Diego County chart shows that Notice of Defaults are down 41%! This means banks are getting better at processing short sales, and reflects the banks willingness to try to work things out with the homeowner, through either loan modification or short sales. The chart also shows that the change in the Foreclosure rate is -1% in the first half of 2010. This low rate may show that we have reach or are very close to our bottom. Another thought might be, since Southern California went into the housing recession earlier than other places, we may be reaching the bottom a little faster and recovering a bit better than harder hit markets. 
So don’t miss your chance to invest in La Jolla Real Estate now! Interest rates are low and there are great deals out there. Give me a call at 619.980.2738 or check my website!
La Jolla Real Estate Market Trends and Conditions….
July 9, 2010 by Michelle Silverman · 1 Comment
What’s Happening in La Jolla’s Real Estate Market? Here’s a quick snap shot of how La Jolla’s Real Estate market is trending?
Last week the median list price in La Jolla, CA 92037 was $2,422,500. The 296 properties have been on the market for an average of 169 days. So what does this mean? In terms of supply and demand the market is getting cooler, since properties are staying on the market longer and more homes are being listed relative to the demand of sales. However, in the past weeks prices are moving higher. But since the index still technically shows a Buyer’s market, the higher price trend can be a result of improved quality (newer, larger homes), that are being listed. If the demand trend continues, expect prices to keep marching upward, especially once we see a Seller’s Market.
As you can see the price trend in La Jolla continued its uptrend this past week. So if you are a buyer and are thinking of moving to La Jolla now is a good time to make the move! Interests rates are still at historical lows so don’t miss your opportunity to move to La Jolla and live in your dream home.
If you need a current market analysis or have real estate questions please give me a call 619-980-2738 or visit my website
How’s La Jolla Real Estate Trending? It’s still advantage Buyer!
May 9, 2010 by Michelle Silverman · 1 Comment
Last Week the median list price in LA JOLLA, CA 92037 was $2,295,000. The 254 properties have been on the market for an average of 211 days.
From the chart you can see demand measured by The Market Action Index shows 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. As you can see the The Market Action Index Days on the market have been trending lower, while prices have increased slightly!
Median Price
In La Jolla’s zip code, this week the median price change continues to increase, which demonstrate a nice up trend over the last several weeks. 
Inventory of Properties Listed for Sale … La Jolla’s properties have been on the market for an average of 211 days. However, half of the listings have come newly on the market in the past 158 or so days.
Market Action Index per Quartile
This chart shows that the Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
The market trends from these charts show that it is still a Buyer’s Market with several months of inventory given the current levels of demand. However, prices are rising! You need to watch the quartiles for changes before the overall market shifts.
So if you have been undecided about buying your first home or moving up from your current home in La Jolla all indications are still in your favor. Now that Spring is here and the selling “season” is upon us, don’t miss your opportunity. There is still time to get a great deal! If you need a current market analysis or have real estate questions please give me a call 619-980-2738 or visit my website
San Diego’s Median Home Prices Keep Rising
April 14, 2010 by Michelle Silverman · 1 Comment
Southern California home prices last month rose 14 percent from a year ago to a median $285,000, MDA DataQuick reported Tuesday, further evidence that the region’s real estate market is stabilizing. San Diego County’s median price, as reported Monday, rose the most of the six counties evaluated — up 15.8 percent, compared with a year ago, to $330,000. Ventura County followed, up 15 percent to $375,000.
By Roger Showley, UNION-TRIBUNE STAFF WRITER. Originally published April 13, 2010 at 11:10 a.m., updated April 13, 2010 at 8:58 p.m. Check out the entire article here.
La Jolla’s Real Estate Trend Indicates it’s Still a Buyer’s Market!
April 5, 2010 by Michelle Silverman · Leave a Comment
Last Week median list price in LA JOLLA, CA 92037 was at $2,265,000. The 233 properties have been on the market for an average of 218 days.
From the chart you can see 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. Remember the Market Action Index answers the question “How’s the Market”? by measuring rate of sale versus the amount of inventory. Right now it’s still a Buyer’s Market!
As you can see the The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand it is likely that we will see downward pressure on pricing.
Median Price … In La Jolla’s zip code, the prices last week have been on a downward trend recently and while essentially flat, don’t break us out of that cycle. 
Inventory of Properties Listed for Sale … La Jolla’s Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. You must look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
Market Action Index per Quartile … This chart shows that the Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
The market trends from these charts show that it is still a Buyer’s market with several months of inventory given the current levels of demand. You need to watch the quartiles for changes before the overall market shifts. So if you have been undecided to buy your first home or move up from your current home in La Jolla all indications are still in your favor.
If you need a current market analysis or have real estate questions please give me a call 619-980-2738 or visit my website.
La Jolla’s Real Estate Trend! Still indicate it’s a Buyer’s Market!
March 6, 2010 by Michelle Silverman · 1 Comment
Last week median list price in LA JOLLA, CA 92037 was $2,372,000. The 204 properties have been on the market for an average of 223 days.
From the chart you can see The Market Action index has been trending down lately, while days-on market is climbing, providing mostly bearish signs for the La Jolla’s market. The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. However, The Market Action Index shows that the strong Buyer’s trend is down slightly. 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.
Median Price … In La Jolla’s zip code you can see very little price change from last week but note the nice up trend over the last several weeks.
Inventory of Properties Listed for Sale … La Jolla’s Inventory has been relatively steady around these levels in recent weeks.
Note how this Market Action Index per Quartile shows that the Residential house prices are a function of supply and demand. By Analyzing those factors we can determine market conditions and by watching for sustained changes we will probably see a downward correction.
The market trends from these charts show that it is still a Buyer’s market but prices are slightly moving upwards. So if you have been undecided to buy your first home or move up from your current home in La Jolla all indications are still in your favor. If you need a current market analysis or have real estate questions please give me a call 619-980-2738 or visit my website.
La Jolla’s Real Estate Trend…inventory is down! But trend still indicates it’s a Buyer’s Market!
February 19, 2010 by Michelle Silverman · Leave a Comment
Last week’s median list price in LA JOLLA, CA 92037 was $2,372,000. These 200 properties have been on the market for an average of 218 days.
From the chart you can see Inventory has been decreasing lately and the Market Action Index has been trending up. These are mildly positive indications for the La Jolla market even though days-on-market are increasing. It is still a Buyer’s market. One can look for a persistent shift in Market Action before prices plateau or begin to rise again. Since the inventory and sales conditions have not changed much it is still a Buyer’s Market!
Median Price in La Jolla’s zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Inventory of Properties Listed for Sale has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
Market Action Index — The LA JOLLA, 92037 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 14.64. With several months of inventory available at the current sales rate, buyers should find ample choice.
The market trends from these charts show that it is still a very strong Buyer’s market. So if you have been undecided about buying your first home or moving up from your current home in La Jolla, all indications are still in your favor.
If you need a current market analysis or have real estate questions please give me a call 619-980-2738 or visit my website.
La Jolla’s Real Estate trend still indicates it’s a buyer’s market!
February 1, 2010 by Michelle Silverman · Leave a Comment
As of the week of January 25, 2010 the median list price in LA JOLLA, CA 92037 is $2,272,500. 202 La Jolla properties have been on the Market for an average of 214 days.
From the chart you can see Inventory has been decreasing lately but the Market Action Index is also falling. It shows days-on-market are climbing, which has negative implications for the market. You can also see the percentage of properties with a price decrease was 34%. The market has settled in at a relative stasis in inventory and sales conditions. This shows it’s a Buyer’s market that has seen prices trend lower.
Median Price — Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Market Action Index — The LA JOLLA, 92037 market is currently quite strongly in the Buyer’s Advantage zone (below 30). The 90-day Market Action Index stands at 15.12. With several months of inventory available at the current sales rate, buyers should find ample choice.
The market trends from these charts show that it is still a very strong Buyer’s market. So if you have been undecided to buy your first home or move up from your current home in La Jolla all indications are in your favor.
If you need a current market analysis or have real estate questions please give me a call 619-980-2738 or visit my website.
How is La Jolla’s Real Estate Market Trending?
December 7, 2009 by Michelle Silverman · Leave a Comment
Now that the end of the 2009 is fast approaching a big question on everyone’s mind is what’s going on in the La Jolla’s Real Estate market? The Market Action Index indicates that the buyers are still in control.
As of November 30, 2009 the median list price in La Jolla, CA 92037 is $2,295,000. The 262 properties that are listed have been on the market for an average of 211 days. This means that inventory has been tightening and days on the market have been increasing recently. The Market Action Index for Altos Research has been flat. In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand = Buyers Market continues!
On these graphs showing Median Price and Average Days on Market for 92037, the Market Action Index shows that inventory & days are the market are climbing, and lower priced homes are selling. In the average days on the market graph, you will see that that the
- Green line = Top/First average days on the market
- Blue line=Upper/Second average days on the market
- Yellow line= Lower/Third average days on the market
- Red line=Bottom/Fourth average days on the market.
When the average days on the market exceeds 150 days, which it does, then it favors the Buyer, thus equaling a Buyer’s Market. Conversely if the days drop below 60 days it implies a Seller’s Market. As you see from the graph it is indicating a Buyer’s Market
On the Quartile graph, along with the Median Price graph the trend shows that higher priced homes are staying on the market longer than homes that are priced lower. Again, if a Seller prices their home right it will sell, if it is priced too high it will not move until there is a price adjustment. 
From this graph you can see that everything is trending below 30%.
It is still a Buyer’s Market with the high end homes staying on the market longer. The inventory is climbing but homes are selling if they are priced right. For more Real Estate Information check my website or call me at 619.980.2738
