La Jolla Real Estate Market Update - June 25, 2012

Real Estate Agent with Coastal Premier Properties CA BRE# 01898756

The  Market Action Index has been trending lower for several weeks now while prices have remained relatively stable. The 90 day average remains in the mid to upper teens.  With inventory and days on market relatively unchanged and the Market Action Index decreasing, the market is not sending a strong directional signal for the near-term outlook.



Real-Time Market Profile for the Week of June 25,  2012


Median List Price - $1,499,000


Asking Price per Square Foot - $626


Average Days on Market (DOM) - 169


Percent Properties with Price Decrease - 32%


Percent Re-listed (reset DOM) - n/a


Percent Flip (price increased) - 3%


Median House Size (sq. ft.) - 2566


Median Lot Size - 0.25 - 0.50 acres


Median Number of Bedrooms - 4.0


Median Number of Bathrooms - 3.0


Market Action Index - 17.7 (Strong Buyers)

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