What is the La Jolla market report for the summer of 2011?
The green bars show the median price, each month, for single family homes from July 2010 to July 2011. It fluctuated between $ 1.8M and $ 1.275M, ending at $ 1.275, an 8% drop. The number of sales has risen from 17 in July 2010 to 24 in July 2011. At the La Jolla REBA (Real Estate Brokers Association) meetings, Realtors are announcing price reductions on a regular basis. So the statistics are being born out by actual experience. Prices have softened somewhat the last 12 months.
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