Carlsbad Real Estate News and Views: California: La Jolla

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 September 2018

What's the Value of My La Jolla Home?

La Jolla Real Estate Market September 2018

 

La Jolla Cove in La Jolla CAThe La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla (see link below), or in real life, will quickly give you a good sense of 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 51 homes sell in September 2018, a decrease in sales by 20% from last month, and the 3rd decline. 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).

 

TOTAL HOMES SOLD

51 (down 20%), 42 Days on Market, Ave. Sales Price $1,987,643 (up 19%), Ave. sale 95% of asking price

 

Detached Homes Sold

23 (down 4%), 42 Days on Market, Ave. Sales Price $3,576,996 (up 23%), Ave. sale 94% of asking price

 

Attached Homes (condos, town homes) Sold
28 (down 30%), 41 Days on Market, Ave. Sales Price $678,950 (down 22%), Ave. sale 96% of asking price

 

The overall volume of sales in the La Jolla real estate market dropped fairly significantly from last month, especially for attached homes, and was the 3rd consecutive decline in sales. Average sales prices increased for detached homes substantially (likely due to the sale of 4 homes over $5M – 1 over $16M – that raised the average), but dropped for attached homes. 41% of the sales were cash transactions compared to 30% last month.

 

La Jolla buyers negotiated, on average, 4 - 6% off list price; however, 31% of the homes sold at or above asking price. Days on market decreased for detached single family homes but rose for attached homes.

 

The median sales price of detached homes increased to $2,125,000 (up 5%), and to $675,950 for attached homes (up by 4%).

 

There were 2 La Jolla homes with a contingent status at the end of September, the same as 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). In this case these are both homes with first rights of refusal.

 

There were 308 La Jolla homes on the market at the end of September, an increase by 3% from August, yet another improvement. This translates to an inventory of 7.7 months for detached homes (up from 6.7 months last month), and 2.9 months for attached (up from 1.9 months last month), based on the rate of sales over the last 3 months. The La Jolla real estate market remains a very strong seller’s market for attached homes, and has become a balanced market for detached single family homes, and trending toward a buyer’s market.

 

La Jolla oceanview homes

 

113 homes came on the La Jolla real estate market in September, 6% more than the number of new listings in August; 58 homes went pending (excluding those that closed escrow), the same as last month’s 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 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 August 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 Flickr Profile  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, or otherwise assist you, friends or family in a home search or home sale, please contact my mobile office or text me at (760) 840-1360, or feel free to email me at JeffDowlerSolutions@gmail.com

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 San Diego

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

Comment balloon 10 commentsJeff Dowler, CRS • October 13 2018 02:27PM
What's My La Jolla Home Worth? La Jolla Home Sales for September 2018
share
What's the Value of My La Jolla Home? La Jolla Real Estate Market September 2018 The La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla (see link below ), or in real life, will quickly give… more
What's My La Jolla Home Worth? La Jolla Real Estate Market August 2018
share
What's the Value of My La Jolla Home? La Jolla Homes for Sale for August 2018 The La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla (see link below), or in real life, will quickly give you a… more
What's My La Jolla Home Worth? La Jolla Real Estate Market July 2018
share
What's the Value of My La Jolla Home? La Jolla Home Sales for July 2018 The La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla (see link below), or in real life, will quickly give you a good… more
What's My La Jolla Home Worth? La Jolla Real Estate Market June 2018
share
What's the Value of My La Jolla Home? La Jolla Home Sales for June 2018 The La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla (see links below), or in real life, will quickly give you a good… more
What's My La Jolla Home Worth? La Jolla Real Estate Market May 2018
share
What's the Value of My La Jolla Home? La Jolla Home Sales for May 2018 The La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla (see links below), or in real life, will quickly give you a good… more
What's My La Jolla Home Worth? La Jolla Real Estate Market April 2018
share
What's the Value of My La Jolla Home? La Jolla Home Sales for April 2018 The La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla (see links below), or in real life, will quickly give you a good… more
What's My La Jolla Home Worth? La Jolla Real Estate Market Sept. 2017
share
What's the Value of My La Jolla Home? La Jolla Home Sales in September 2017 The La Jolla real estate market is one of the most expensive in San Diego County. A virtual visit to La Jolla ( see links below ), or in real life, will quickly give you… more