How’s La Jolla’s Real Estate Market? Is a question I’m asked a lot lately? My answer is our La Jolla market is hot! In the past month I have written numerous offers on homes for my clients, that already have multiple offers on them!! Homes priced right are even selling over their list price!
You might be asking, “Why is this happening?” Well if you look at the Market Action Index La Jolla’s inventory is down! This is a very good sign for Sellers.
From the Buinsess Insider:
“Housing inventory has sunk to levels not seen since the bubble years. … In Southern California, inventories have plunged over the last year”
La Jolla’s median list price this week is $1,775.000. The 226 properties have been on the market for an average of 166 days! Less inventory and shorter time on the market is another good sign for home sellers!
Feel free to call me 619-980-2738 or email me at Michelle@viewsoflajolla.com to learn more about La Jolla’s real estate market or for a free Comparable Market Analysis (CMA) of the value of your home. I’m here to help!
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