Here is a quick review of what’s happening in La Jolla’s Real Estate Market.
Last week the median list price in La Jolla was $1,797,000. There are 232 properties that have been on the market for an average of 202 days. So what does that mean?
Buying or selling a home is one of the big decisions in a person’s life so I love when I can help my client accomplish this goal. Sometimes however,I have to tell them “NO” because I realize I cannot help them. This is hard for me, because in our household, “No” is not a very [...]
Upon reviewing the recent Market Action Index we find that it shows last week’s median list price in La Jolla, CA 92037 was $1,995,000, and that 277 properties have been on the market for an average of 176 days. It also shows that 41% of the properties on the market have had price reductions. So what [...]
We all have heard that foreclosures are on the rise, and that there is a “shadow” inventory of homes that the banks own, but have not yet put on the real estate market. This is probably true, but as of last week two major banks: J.P. Morgan Chase and Ally Financial (the former GMAC [...]
One reason I am passionate about my career as a La Jolla Realtor is that everyday is different. One day I’m showing prospective buyers homes or negotiating a purchase contract for a seller. The next I’m chief coordinator with home inspectors, lenders, escrow officers or repairmen to insure my clients a smooth transaction. Generally, during a transaction one [...]
Last week the median list price in La Jolla, CA 92037 was $2,172,500.
There are currently 310 properties that have been on the market for an average of 175 days, up from a couple of weeks ago. The Market Action Index also shows that 41% of La Jolla properties had a price reduction.
So, what [...]
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