What's My La Jolla Home Worth? La Jolla Home Sales for October 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 Real Estate Market October 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 understand why this is so.

 

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

 

La Jolla 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, spectacular 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 65 home sales in October 2019, a substantial increase by 25% from September. 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

32 (up 23), 80 Days on Market, Average Sales Price $2,442,321 (up 14%), Average sale 91% of original asking price

 

Attached Homes (condos, town homes) Sold
33 (up 27%), 53 Days on Market, Average Sales Price $854,419 (down 3%), Average sale 96% of original asking price

 

The volume of sales in the La Jolla real estate market rose markedly, and for both single family detached homes and attached homes. Average sales price was higher for detached homes (in large part due to the sale of 6 homes over $3M), but increased for attached homes. 38% of the sales were cash transactions, versus 27% last month.

 

While La Jolla buyers negotiated, on average, 4 - 9% off the original list price, 22% of the La Jolla buyers paid full price or more for their homes. Marketing time was longer for both detached single family homes and attached homes than in September.

 

The median sales price of detached homes decreased to $2,312,500 (up 18%), but increase for attached homes to $800,000 (up 6% from last month).

 

There were 3 La Jolla homes with a contingent status at the end of October, versus 4 in September (these homes are still considered active, but may not actually be accepting more offers or be available to tour). 2 are first right of refusals and 1 is a short sale.

 

La Jolla oceanview homes

 

There were 283 La Jolla homes on the market at the end of October, a decrease, by 8%, from September, the second decline. This translates to an inventory of 5.6 months for detached homes (down from 6.2 months last month), and 2.8 months for attached (down from 3.3 months last month), based on the rate of sales for the last 3 months. The La Jolla real estate market remains a strong seller’s market for attached homes, and shifted from a balance market to one favoring sellers for buyers of detached single family homes.

 

99 new listings came on the market in October, about the same as last month (97); 50 homes went pending (excluding those that closed escrow), a modest decrease by 4 pendings from last month's activity.

 

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 and the purchase of a La Jolla home, and to create an effective plan to sell your current property if needed.

 

SEARCH FOR HOMES FOR SALE IN LA JOLLA CA

 

READ MORE:

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

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la jolla homes for sale
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Rainmaker
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Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Those are some beautiful homes when you click through and check out La Jolla I hope that any buyer contacts you for advice if they are thinking of purchasing in  the La Jolla area.

Nov 13, 2019 01:54 PM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

It IS a beautiful community Nick Vandekar, 610-203-4543 and there are some amazing views. The Village has so much to offer - upscale dining, shopping and more. But the prices are not for eveyone!

Jeff

Nov 13, 2019 05:01 PM #2
Rainmaker
3,238,941
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff I love La Jolla and sadly we have not been going down south in almost a decade .... there is a mall with Restaurants and bookstores we used to love... and the view was just perfect... Endre

Nov 14, 2019 10:49 PM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

There are so many reasons to like La Jolla Endre Barath, Jr.  even if you don't live there! Sounds like it's time for another visit!

Jeff

Nov 15, 2019 10:36 AM #4
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