La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market Report in June 2012?

La Jolla Homes for Sale - Homes for Sale in La JollaThe 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.

Having current, local information about La Jolla homes for sale is essential so you can make informed decisions about your home buying and selling in La Jolla. Despite the shift in prices over the last 6+ years, La Jolla remains an expensive real estate market, particularly for ocean view and ocean front homes.

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 is often 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

The La Jolla real estate market saw 65 homes sell in June 2012, 6 more than in May (59). Here’s a summary of the real estate activity (these MLS summary data do not include private sales, and are believed to be accurate but are not guaranteed).

 

TOTAL

DETACHED

ATTACHED

# SOLD

65 (up 10%)

37 (up 42%)

28 (down 15%)

Average $

$1,206,887 (up 8%)

$1,607,586 (down 6%)

$677,392 (up 2%)

DOM

74

81

64

Sale $/List $

95%

95%

96%

 

The volume of sales in the La Jolla real estate market shifted upwards in June, primarily due to a large increase in detached home sales; 28 (43%) of the home sales were cash.   Average sales prices also shifted down for detached homes but increased, although modestly, for attached. Buyers are still negotiating for their homes, averaging 4 – 5% off list price.

40 La Jolla homes (11% of the total) had a contingent status at the end of June (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).

There were 351 La Jolla homes on the market at the end of June, down about 3% from May. This translates into an inventory of 6.6 months for detached homes (down from 7.2 last month), and 7 months for attached (down from 7.2 months in May), based on the rate of sales over the last 6 months.

READ MORE:   How Important is Inventory when Buying or Selling? Very!!

87 homes entered the La Jolla real estate market in June, down by 4% from May, with 51 homes going pending, also down, by 23%, from May pendings.

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 their 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

SEARCH FOR HOMES FOR SALE IN BIRD ROCK, LA JOLLA CA

SEARCH FOR HOMES FOR SALE IN WINDANSEA, LA JOLLA CA

 

READ MORE:

La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in May 2012?

La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in April 2012?

La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in March 2012?

 

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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com

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This post has been included in California Real Estate News San Diego County, CA Real Estate News La Jolla, CA Real Estate News
Post is included in group: CALIFORNIA REAL ESTATE
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3 Comments on La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market Report in June 2012?

JUL
20
481,699 Points 4 Featured Posts Outside Blog Called Shot Master

Hi Jeff, great report, it looks like a hot market , properties sold in less than 85 days.
5:30pm • #1
357,796 Points 27 Featured Posts Attended Rain Camp Called Shot Master

Hi Jeff.... Indeed, "the jewel" puts it best. La Jolla is like the Riviera of France or Italy. I appreciate your conversation and updates about this wonderful community. I haven't been through your lovely spot on the planet for a couple of years, but look forward to a visit soon.
5:49pm • #2
1,361,699 Points 244 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jeff if La Jolla keeps seeing that increase in sales from month to month, it will be a very good year.
6:03pm • #3


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