La Jolla Real Estate: Market Report for October 2013: Prices by median are still holding strong, still big gains relative to 12 month’s ago. The detached home market in La Jolla is balanced at just about 7 month’s inventory. The condominium and town home market is still a seller’s market but knocking on the door of a balanced market. Also, please see my breakdown for each hyper local market near the end of this article. Price points and market types vary greatly at that level. Please review the figures below:
The La Jolla Real Estate Market Report for October 2013:
Single Family Residence (Detached Homes)
- 182 Active Listings for Sale as of October 14th, 2013
- Average Days on Market to Sell: 39 Days (October 2012 was 96 Days)
- 26 Total Sales for October 2013 (October 2012 had 26 Total Sales)
- Median Sales Price for October 2013: $1,394,500 (October 2012 was $1,192,500) ▲ 15%
- 7 Month’s Inventory (182Active Listings / 26 Sales) Balanced Market
Condominiums and Town Homes (All Attached Homes)
- 122 Active Listings for Sale as of October 14th, 2013
- Average Days on Market to Sell: 49 Days (October 2012 was 63 Days)
- 34 Total Sales for October 2013 (October 2012 had 25 Total Sales)
- Median Sales Price for October 2013: $580,000 (October 2012 was $486,000) ▲ 16%
- 3.6 Month’s Inventory (122 Active Listings / 34 Sales) Seller’s Market but close to Balanced Market at 4 month’s
Breakdown by Neighborhood for the Previous 3 Month’s in 2013:
- Bird Rock – 8 Total Sales, median price $1,382,000, Balanced Market
- Beach Barber Tract– 7 Total Sales, median price was $1,150,000, Seller’s Market
- Country Club – 3 Total Sales, median price was $1,825,000, Seller’s Market
- Hidden Valley – 6 Total Sales , median price was $1,495,000, Seller’s Market
- La Jolla Alta – 13Total Sales, median price was $1,200,000, Balanced Market
- La Jolla Farms– 8 Total Sales, median price was $1,000,000, Seller’s Market
- La Jolla Heights – 12 Total Sales, median price was $1,112,500, Balanced Market
- La Jolla Mesa– 5 Total Sales, median price was $1,237,500, Seller’s Market
- La Jolla Shores– 9 Total Sales, median price was $2,650,000, Buyer’s Market
- La Jolla Village– 52 Total Sales, median price was $377,000, Seller’s Market, Most Sales
- Lower Hermosa – 2 Total Sales, median price was $2,400,000, Seller’s Market, Highest Median Price
- Muirlands – 10 Total Sales, median price was $1,672,000, Seller’s Market
- Muirlands West – 0 Total Sales, median price was $2,006,500, Buyer’s Market
- Soledad South – 18 Total Sales, median price was $872,500, Balanced Market
- Village – 42 Total Sales, median price was $862,000, Balanced Market
Summary: Overall, the La Jolla Real Estate Market is very healthy. Exactly what you would expect from one of the most desirable communities to reside in the entire world.
See All La Jolla Real Estate for Sale in the 92037
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