La Jolla Real Estate Market Trends and Conditions….

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