What's My La Jolla Home Worth? La Jolla Real Estate Market April 2019

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What's the Value of My La Jolla Home?

La Jolla Home Sales for April 2019

 

La Jolla Cove in La Jolla CAThe La Jolla real estate market is one of the most expensive in San Diego County. If you take a virtual visit to La Jolla (see link below), or in real life, you will quickly see why this is so.

 

Having up-to-date local information about La Jolla homes for sale is essential in order to make informed decisions about buying or selling a home in La Jolla.

 

La Jolla, “(La Hoya in Spanish = The Jewel),” is a beautiful coastal community with many properties offering fabulous views of the ocean from the hills or shoreline, and a trendy, up-scale village offering the finest in shopping and dining. La Jolla has been compared to the French and Italian Rivieras with spectacular ocean and coastline vistas, amazing homes, beautiful architecture, and a terrific year-round climate, attracting visitors, and buyers, from around the world.

 

READ MORE:

La Jolla Real Estate – A Jewel on the San Diego Coastline

 

The La Jolla real estate market saw 71 home sales in April 2019, up substantially, by 31%, from last month, another increase. Here’s a summary of the real estate activity (these MLS summary data do not include private sales, and are believed to be accurate at the time this report was written but are not guaranteed).

 

Detached Homes Sold

42 (up 56%), 56 Days on Market, Average Sales Price $2,420,380 (up 2%), Average sale 94% of original asking price

 

Attached Homes (condos, town homes) Sold
29 (up 7%), 36 Days on Market, Average Sales Price $963,908 (up 9%), Average sale 97% of original asking price

 

The volume of sales in the La Jolla real estate market rose considerably for detached single family home, and modestly for attached home sales over last month. Average sales price increased for detached homes (with the sale of 5 homes over $4M) as well as for attached homes. 34% of the sales were cash transactions, versus 39% last month.

 

While La Jolla buyers negotiated, on average, 3 - 6% off list price, 27% of the La Jolla buyers paid full price or more for their homes. Days on market declined for both detached single family homes and attached homes.

 

The median sales price of detached homes decreased to $1,950,000 (down 4%), and also decreased to $699,000 for attached homes (down 8%).

 

There were 3 La Jolla homes with a contingent status at the end of April, versus 2 in March (these homes are still considered active, but may not actually be accepting more offers or be available to tour). All 3 are first right of refusals.

 

La Jolla Farms homes

 

There were 294 La Jolla homes on the market at the end of April, an increase, by 9%, from March, another improvement in inventory, and more homes available for buyers than in April of 2018. This translates to an inventory of 6.3 months for detached homes (down from 8.5 months last month), and 4.7 months for attached (down from 5.2 last month), based on the rate of sales over the last 3 months. The La Jolla real estate market remains a seller’s market for attached homes, but has shifted to a balanced market for buyers of detached single family homes.

 

120 homes came on the La Jolla real estate market in April, the same as last month and good news for buyers; 53 homes went pending (excluding those that closed escrow), another increase, by 15%, from last month’s pendings. Both are good indications of the active spring market in La Jolla!

 

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 local market conditions (the Village, Muirlands, La Jolla Shores, La Jolla Farms, Bird Rock, Mt. Soledad, Windansea) please give me a call at (760) 840-1360. I’m happy to also discuss your housing needs for the purchase of a La Jolla home, and to create an effective plan to sell your current property.

 

SEARCH FOR HOMES FOR SALE IN LA JOLLA CA

 

READ MORE:

What’s my La Jolla Home Worth? La Jolla Real Estate Market for March 2019

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Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Jeff Dowler, CRS  You are the agent to call when looking in La Jolla Ca  

May 13, 2019 02:33 PM #1
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Jeff - La Jolla is one of my favorite locations in San Diego County.

May 13, 2019 03:08 PM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
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Thank you kindly Hannah Williams  It's a beautiful community, and a pricey one!

Jeff

May 13, 2019 03:18 PM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
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Hi Grant Schneider 

I know La Jolla is a favorite of yours. Time to pay a visit?

Jeff

May 13, 2019 03:36 PM #4
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff I have always loved La Jolla and clearly anyone who loves perfect climate all year around would love to call La Jolla their home... On a side note I hear you are traveling where to this time? Endre

May 13, 2019 10:37 PM #5
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Your top picture reminds me of when we would sit on the grass up at that bluff and watch the hang gliders take off. It is pretty amazing. 

May 14, 2019 09:02 AM #6
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
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I always enjoy hearing about the one place in California i would like to live.

May 15, 2019 03:50 PM #7
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
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Hi Endre Barath, Jr. 

Thanks for stopping by!

I was in Washington DC for 3 days (left Su.n, home yesterday) for the midyear CRS meetings - was on a committee.

Jeff

May 16, 2019 06:39 AM #8
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
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Hi  Sheri Sperry - MCNE® 

I've been to the Hang Gliderport multiple times and it's always fun to see all the gliders. Not something I think I would do, but who knows. The views there, as you know, are pretty spectacular!

Jeff

May 16, 2019 06:40 AM #9
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
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Hi Joe Pryor 

Sounds like it may be time for at least a visit to our fair city!!

Jeff

May 16, 2019 06:41 AM #10
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Will Hamm
Hamm Homes - Aurora, CO
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Hello Jeff Dowler,  Next time I make it out to San Diego, we need to meet up for sure.

May 16, 2019 08:27 AM #11
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

La Jolla is extremely beautiful - and as you mention, the price of admission is quite steep. We can all dream though - so far, that's free Hahaha. 

May 16, 2019 09:57 AM #12
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
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Hey Will Hamm 

Please DO let me know if you get to the area and we will have a meet-up!

Jeff

May 16, 2019 11:23 AM #13
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
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Hi Debb Janes EcoBroker and Bernie Stea JD 

It IS a beautiful community and as I always tell buyers, you can visit whenever you want even if owning a home there is not in the budget. Below $1M (and those homes are rare) you are looking at a pretty good fixer project.

Jeff

May 16, 2019 11:27 AM #14
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