La Jolla Real Estate Market Report for March 2011
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 52 homes sell in March 2011, 63% more than 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
|
52 (up 63%) |
28 (up 87%) |
24 (up 41%) |
|
Average $
|
$1,122,293 (up 27%) |
$1,620,750 (up 15%) |
$542,126 (up 27%) |
|
DOM
|
102 |
92 |
113 |
|
Sale $/List $
|
94% |
94% |
96% |
The volume of sales in the La Jolla real estate market rose substantially, by 63%, over last month. Average sakes prices also rose.
22 La Jolla homes (5% 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 437 homes in the La Jolla real estate market for sale at the end of March, about 5% more than in February, the 2nd month of inventory increases; 51% of these are detached single family homes. This translates into an inventory of 10.4 months for detached homes (down from 11.1 last month), and 10.9 months for attached (up from 9.4 months in February), based on the rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
127 homes entered the La Jolla real estate market in March, 46% more than in February, with 54 homes going pending, 20% more than did so last month.
If you would like 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, Windansea) please let me know.
Search for Homes for Sale in La Jolla CA
READ MORE:
La Jolla Homes for Sale | La Jolla Real Estate Market Report for February 2011
La Jolla Homes for Sale | La Jolla Real Estate Market Report for January 2011
La Jolla Homes for Sale | La Jolla Real Estate Market Report for December 2010
La Jolla Homes for Sale | La Jolla Real Estate Market Report for November 2010
La Jolla Homes for Sale | La Jolla Real Estate Market Report for October 2010
La Jolla Homes for Sale | La Jolla Real Estate Market Report for September 2010
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