The La Jolla real estate market is one of the most expensive in San Diego County. A visit to La Jolla on-line, or better yet in real life, will quickly give you a good sense of why this is so. La Jolla, "The Jewel," is an extraordinarily beautiful coastal community with many homes offering fabulous views of the ocean from the hills, and a trendy, very up-scale village offering the finest in shopping and dining. La Jolla has often been compared to the French and Italian Rivieras with wonderful ocean and coastline vistas from the hills, amazing homes, beautiful architecture, and a terrific year-round climate, attracting visitors from around the world.
READ MORE:
La Jolla Real Estate - A Jewel on the San Diego Coastline
La Jolla California - VIDEO Tour of this Jewel by the Sea
Mt. Soledad in La Jolla California - Forever Views of San Diego and La Jolla
Walkable Neighborhood Series - Real Estate in Upscale, Affluent La Jolla Village
Having accurate information on the La Jolla real estate market is essential so you can make informed decisions about your home buying and selling in the community. Like other communities, La Jolla has been hit by the downturn in the market. Despite the shift in prices, La Jolla remains an expensive real estate market, particularly for ocean view and ocean front homes.
The La Jolla real estate market saw 59 homes sell in December 2009. Here's a summary of the real estate activity (these data do not include private sales, and are believed to be accurate but are not guaranteed).
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# SOLD
|
59 (up 34%) |
28 (up 27%) |
31 (up 41%) |
|
Average $
|
$1,110,119 (down 34%) |
$1,724,680 (down 37%) |
$555,032 (up 7% |
|
DOM
|
93 |
113 |
75 |
|
Sale $/List $
|
94% |
91% |
96% |
59 homes sold in December, an increase of 345 over last month, whereas average sales prices dropped overall and for detached homes, but rose modestly for attached over last month.
36 La Jolla homes had a contingent status at the end of December (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).
There were 335 homes in the La Jolla real estate market for sale at the end of December, a decline in inventory of 20% (11% of these were contingent), 58% of which are detached single family homes, priced from $780,000 to $28,500,000 (there were 15 homes priced above $10 million on the market at the end of December). This translates into an inventory of 7.6 months for detached homes, and 5 months for attached, based on the rate of sales over the last 6 months; both declined from the previous month.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
52 homes entered the La Jolla real estate market in December (versus 56 in November), with 38 homes going pending, about the same as Last month.
If you need more detailed information about the La Jolla real estate market, or would like to know more about specific residential areas (the Village, Muirlands, La Jolla Shores, La Jolla Farms, Bird Rock, Mt. Soledad) please let me know.
READ MORE: La Jolla Real Estate Market Report for November 2009
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If I can provide more information about La Jolla real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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