La Jolla Homes for Sale - What Happened in the La Jolla Real Estate Market in March 2012?
The La Jolla real estate market is one of the most expensive in San Diego County. A visit to La Jolla on-line, or better yet in real life, will quickly give you a good sense of why this is so.
La Jolla, “The Jewel,” is an extraordinarily beautiful coastal community with many homes offering fabulous views of the ocean from the hills, and a trendy, very up-scale village offering the finest in shopping and dining. La Jolla is often compared to the French and Italian Rivieras with wonderful ocean and coastline vistas from the hills, amazing homes, beautiful architecture, and a terrific year-round climate, attracting visitors from around the world.
READ MORE:
La Jolla Real Estate – A Jewel on the San Diego Coastline
La Jolla California - VIDEO Tour of this Jewel by the Sea
Mt. Soledad in La Jolla California – Forever Views of San Diego and La Jolla
Walkable Neighborhood Series – Real Estate in Upscale, Affluent La Jolla Village
Having current, local information on the La Jolla real estate market is essential so you can make informed decisions about your home buying and selling in La Jolla. Despite the shift in prices over the last 6+ years, La Jolla remains an expensive real estate market, particularly for ocean view and ocean front homes.
The La Jolla real estate market saw 55 homes sell in March 2011, a jump by 25% from February sales, the second month of increased sales. Here’s a summary of the real estate activity (these MLS summary data do not include private sales, and are believed to be accurate but are not guaranteed).
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# SOLD |
55 (up 25%) |
35 (up 40%) |
20 (up 5%) |
|
Average $ |
$1,299,918 (up 24%) |
$1,557,486 (up 9%) |
$849,175 (up 62%) |
|
DOM |
91 |
81 |
108 |
|
Sale $/List $ |
94% |
93% |
95% |
The volume of sales in the La Jolla real estate market increased significantly from February sales, especially for single family detached homes – 40% of the sales were cash transactions. Average sales prices also rose across the board – 4 of the detached homes sold at $3 million and up. Buyers are still negotiating for their homes, last month off list price by 5 - 7% on average.
32 La Jolla homes (9% of the total) had a contingent status at the end of March (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).
There were 355 La Jolla homes on the market at the end of March, about the same as in February (356). This translates into an inventory of 7.6 months for detached homes (down from 8.4 last month), and 8.4 months for attached (up from 7.9 months in February), based on the rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
97 homes entered the La Jolla real estate market in March, about the same as February, with 59 homes going pending, 9% more than the February pendings.
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 their market conditions (the Village, Muirlands, La Jolla Shores, La Jolla Farms, Bird Rock, Mt. Soledad, Windansea) please let me know.
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SEARCH FOR HOMES FOR SALE IN WINDANSEA, LA JOLLA CA
READ MORE:
La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in February 2012?
La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in January 2012?
La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in December 2011?
La Jolla Homes for Sale – What Happened in the La Jolla Real Estate Market in November 2011?
La Jolla Homes for Sale | What Happened in the La Jolla Real Estate Market in October 2011?
La Jolla Homes for Sale | La Jolla Real Estate Market Report for September 2011

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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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