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 .
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One Response to What’s the Trend in La Jolla’s Real Estate Market?
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Michelle Silverman
619-980-2738
michellersilverman@gmail.com
www.michellesilverman.com
Prudential California Reality
1299 Prospect St Suite 202
La Jolla, Ca 92037
DRE # 00764023
As a Realtor for over 20 years and a native San Diegan, I'm committed to staying current with what’s happening in La Jolla and San Diego County. I'll provide you with insights and updates on the area’s real estate news and other special events by interfacing with you and others using your choice of popular social media channels and networks. You can easily find me and get updates throughTwitter, Facebook, and Linkedin.
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