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 41 homes sell in April 2010, a decline from last month. 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
|
41 (down 28%) |
17 (down 39%) |
24 (down 17%) |
|
Average $
|
$1,008,199 (down 21%) |
$1,439,199 (down 23%) |
$702,863 (up 24%) |
|
DOM
|
79 |
83 |
77 |
|
Sale $/List $
|
94% |
92% |
95% |
41 homes sold in April, a decline of 28% over last month; average sales prices also decreased from March. Interestingly the days on market also decreased for both detached and attached homes.
44 La Jolla homes (10% of the total) had a contingent status at the end of March (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).
There were 448 homes in the La Jolla real estate market for sale at the end of April, 12% more than at the end of March; 60% are detached single family homes. This translates into an inventory of 13.1 months for detached homes (up from 10.6 last month), and 7.4 months for attached (up from 6.7 month in March), based on the rate of sales over the last 6 months.
123 homes entered the La Jolla real estate market in April (versus 119 in March), a 3% increase, with 43 homes going pending, compared to 47 last month (down 9%).
If you need more detailed information about the La Jolla real estate market, or would like to know more about specific residential areas and the market conditions (the Village, Muirlands, La Jolla Shores, La Jolla Farms, Bird Rock, Mt. Soledad) please let me know.
READ MORE:
La Jolla Real Estate - La Jolla Real Estate Market Report for March 2010
La Jolla Real Estate - La Jolla Real Estate Market Report for February 2010
La Jolla Real Estate Market Report for January 2010
La Jolla Real Estate Market Report for December 2009
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 or email me at JDowler@remax.net.
All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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