Carlsbad Real Estate News and Views

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What's My La Jolla Home Worth? La Jolla Home Sales for December 2018

What's the Value of My La Jolla Home?

La Jolla Real Estate Market December 2018

 

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 current, local information about La Jolla homes for sale is essential so you can 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, 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 40 homes sell in December 2018, a modest decrease in sales by 7% from last month, not a surprise given the holidays. 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

20 (down 15%), 53 Days on Market, Ave. Sales Price $3,310,992 (up 25%), Ave. sale 92% of asking price

 

Attached Homes (condos, town homes) Sold
20 (up 18%), 54 Days on Market, Ave. Sales Price $1,152,397 (up 23%), Ave. sale 94% of asking price

 

The overall volume of sales in the La Jolla real estate market dropped modestly from last month, with a decrease in detached single family home sales BUT an increase in attached home sales. Average sales prices increased for detached homes (likely due to the sale of 2 homes selling for over $5M – 1 at $13.6M – that raised the average) as well as for attached homes (the sale at $5.25 clearly impacted the overall average price increase). 45% of the sales were cash transactions compared to 47% last month.

 

La Jolla buyers negotiated, on average, 6 - 8% off list price; however, 16% of the La Jolla buyers paid full price or more for their homes. Days on market dropped for detached single family homes but increased for attached homes.

 

Oceanview homes in La Jolla CA

 

The median sales price of detached homes decreased to $2,325,000 (down 1%), and to $742,500 for attached homes (down 8%).

 

There were no La Jolla homes with a contingent status at the end of December, like last month (these homes are still considered active, but typically are properties with offers that are being reviewed by either the short sale or REO lenders and may not actually be accepting ,more offers or be available to tour; some contingent homes are first right of refusals).

 

There were 255 La Jolla homes on the market at the end of December, a substantial decline of 19% from November, not a bit surprise given the holidays, and substantially more homes for sale than in December of 2017. This translates to an inventory of 6.3 months for detached homes (down from 7.5 months last month), and 3.9 months for attached (the same as last month), based on the rate of sales over the last 3 months. The La Jolla real estate market remains a strong seller’s market for attached homes, but is pretty much a balanced market for detached single family homes at the moment.

 

46 homes came on the La Jolla real estate market in December, less than half the number of new listings in November, but not a big surprise given the holidays and a trend seen in other coastal San Diego communities; similarly, 28 homes went pending (excluding those that closed escrow), a drop of 24% from last month’s pendings, but clearly homes still sell and go pending during the holidays!

 

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 November 2018

 

My Jeff Dowler signature

 

**************************************

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW

 

Click to Search for All San Diego Homes

At Home In Carlsbad blog

 

365 Things to Do in Carlsbad (and Nearby) on Facebook   

  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile    Jeff Dowler's Twitter Profile   Jeff Dowler's LinkedIn Profile

 

      CRS Designation Logo

 

ALL ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE (link)

 

If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase or sale, please contact my mobile office or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

HOW ABOUT A FREE EQUITY ANALYSIS ON YOUR CURRENT HOME(S)?

 

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

All content ©Copyright by Jeff Dowler. All rights reserved.

Solutions Real Estate (CA DRE lic #01470977)

Comment balloon 1 commentJeff Dowler, CRS • January 11 2019 08:31PM
What's My La Jolla Home Worth? La Jolla Home Sales for December 2018
share
What's the Value of My La Jolla Home? La Jolla Real Estate Market December 2018 The 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… more
What is My Oceanside Home Worth? Oceanside Home Sales in December 2018
share
What's the Value of My Oceanside Home? Oceanside Real Estate Market Report for December 2018 The Oceanside real estate market continues to evolve. This market report does not include private sales or manufactured, mobile or multifamily housing;… more
The 2019 Carlsbad Marathon is Sunday January 20th in Carlsbad CA
share
Carlsbad Marathon and Half Marathon Sunday January 20, 2019 in Carlsbad CA New Year’s Eve is now a distant memory, 2019 is in full swing, and if you are a runner you may be finishing your training for the famous Carlsbad Marathon or Half Marathon… more
What’s My Rancho Santa Fe Home Worth? Market Report for December 2018
share
What’s the Value of My Rancho Santa Fe Home? Rancho Santa Fe Real Estate Market Report for December 2018 It’s important for buyers and sellers in the Rancho Santa Fe real estate market to have up to date information about the current local market… more
Wordless Wednesday: Sculpture Suitable for a Carlsbad Restaurant
share
Wordless Wednesday: Sculpture Suitable for a Carlsbad Restaurant We had dinner in the village the other evening at 264 Fresco and I noticed this very cool and whimsical sculpture outside the window where we were sitting. It was a photo op too… more
What’s My Del Mar Home Worth? Del Mar Real Estate Market December 2018
share
What’s the Value of My Del Mar Home? Del Mar Home Sales for December 2018 Del Mar, a small coastal town in North San Diego County, is one of San Diego's more expensive communities. Del Mar so far holds the record for the most expensive property… more
What’s my Solana Beach Home Worth? Market Report for December 2018
share
What’s the Value of my Solana Beach Home? Solana Beach Home Sales Report for December 2018 Solana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in North San Diego County. … more
What’s my San Marcos Home Worth? San Marcos Home Sales December 2018
share
What’s the Value of my San Marcos Home? San Marcos Market Report for December 2018 The San Marcos real estate market continues to shift. These data do not include private sales or manufactured housing; the data are derived from the MLS and are… more
What’s my Encinitas Home Worth? Encinitas Homes for Sale December 2018
share
What’s the Value of my Encinitas Home? Encinitas Market Update for December 2018 Buyers and sellers in the Encinitas real estate market need to understand local market conditions in order to make informed decisions about Encinitas homes for sale… more
2018 Year-End Housing Market Report for Carlsbad CA
share
2018 Year-End Market Update for Carlsbad CA Here’s a market summary of the housing market for Carlsbad for 2018 as compared to 2017. There were some interesting but not surprising shifts, and it’s important to know what’s been happening in order… more