La Jolla, just like the rest of San Diego, is currently experiencing a surge in demand and rise in home and condo prices. Single family homes are currently on pace with an annualized 12% rise in prices while condos and town-homes are rising at a slightly higher rate. The price points of many detached homes in La Jolla are much higher than attached properties so this is too be expected. This La Jolla real estate rise is sustainable and we will see much of the same for the foreseeable future.
Search all Homes and Condos for Sale in La Jolla 92037
This is all great news for the La Jolla Real Estate Market. As always, I’ve compiled some vital and interesting statistics below:
92037 Real Estate Market Facts for May 2013:
- 254 Active Listings for Sale as of June 10th, 2013
- Average Days on Market to Sell: 43 Days (May 2013 was 48 Days)
- 95 Total Sales for May 2013
- May 2013 Median Sales Price: $962,250 (May 2012 was $945,000)
Single Family Detached Homes (SFR):
- 42 Total Sales (May 2012 had Total Sales 26)
- Detached Homes– Median price was $1,501,000 (May 2012 was $1,359,500)
- Average Days on Market to Sell: 66 Days (May 2012 was 78 Days)
- Highest sale La Jolla Shores, for $8,825,000
- Lowest sale Village of La Jolla, for $725,000
- Most Expensive Current Listing: Pics & Video: La Jolla Farms, $22,900,000
- Least Expensive Current Listing: Pics & Video: La Jolla Shores, $701,000
Condominiums and Townhouses (ATT):
- 54 Total Sales (May 2012 had 31)
- Attached Homes– Median price was $622,000 (May 2012 was $475,000)
- Average Days on Market to Sell: 60 Days (May 2012 was 114 Days)
- Highest sale La Jolla Village, for $2,475,000
- Lowest sale Village of La Jolla, for $221,000
- Most Expensive Current Listing: Pics & Video: Village of La Jolla, $5,595,000
- Least Expensive Current Listing: Pics & Video: La Jolla Village, $235,000
Summary: This is a very good time to buy or sell real estate in La Jolla. Home affordability still remains at record low levels, especially in La Jolla. There may not be a better time to enter the real estate market in one of the most desirable communities in San Diego in our lifetime.
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Have a La Jolla Home to Sell? Contact me for a no hassle marketing proposal
Questions? Comments? Please send them my way!
