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 [...]
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 [...]
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 [...]
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 [...]
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