La Jolla, CA had 24 single home sales for the month of July, 2011 which is down from San Diego's past peak years. But condos that have ocean views are in high demand with very little inventory. The lowest sales price was $825,000 and the highest sales price was $3,760,000. The average home sales price was $571/sq.ft. with buyers obtaining an average of 7% off the asking price and an average of ll6 days on the market.
Ocean view home sales were up with 14 ocean view home sales with an average sales price of $593/sq.ft. with buyers obtaining an average of 9% off the asking price and 139 days on the market.
There were 39 sales in pending and 1 foreclosed home and 16 possible short sales.
La Jolla is right on the Pacific Coast and has lovely beaches and is a beautiful and charming community of approximately 40,000 population. Europeans say it is the only city in the U.S. that has the sophistication and charm of some of their cities. It is home to USD La Jolla, the famous Scripps Oceanography Research Institute, and the La Jolla Playhouse where famous Hollywood stars preform in live plays. There are dozens of art galleries showing the newest and best artists from all over the world. You will find great boutique shopping and fine ocean view dining. You are about 15 minutes from the downtown San Diego's night life with jazz clubs, the opera, the symphony, the harbor, Balboa Park, the San Diego Zoo, and San Diego's cultural center and the San Diego Lindberg Airport.
The weather is mild year around with an average temperate of 55 degrees. The condos range from $250,000 to $7,000,000 and homes range from $1,000,000 to $25,000,000.
Contact Jane Foster, La Jolla Luxury Homes for Sale, www.JaneFoster.com, JaneFoster@san.rr.com, (858)349-7614 for a list of homes for sale or specific information.