La Jolla Real Estate Market Report for June 2010
The La Jolla real estate marketis 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 has often been 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 accurate information on the La Jolla real estate marketis essential so you can make informed decisions about your home buying and selling in the community. Like other communities, La Jolla has been hit by the downturn in the market. Despite the shift in prices, La Jolla remains an expensive real estate market, particularly for ocean view and ocean front homes.
The La Jolla real estate market saw 43 homes sell in June 2010, 2 more than last month. Here's a summary of the real estate activity (these data do not include private sales, and are believed to be accurate but are not guaranteed).
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# SOLD
|
59 (up 37%) |
29 (up 16%) |
30 (up 67%) |
|
Average $
|
$1,039,838 (down 6%) |
$1,488,568 (up 1%) |
$606,066 (down 1%) |
|
DOM
|
66 |
55 |
77 |
|
Sale $/List $
|
95% |
94% |
96% |
The volume of sales in the La Jolla real estate market was up substantially over last month, especially for attached properties. Overall average sales prices did not shift much.
34 La Jolla homes (7% of the total) had a contingent status at the end of June (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).
There were 495 homes in the La Jolla real estate market for sale at the end of June, 6% more than at the end of May, another increase in inventory; 61% of these are detached single family homes. This translates into an inventory of 14.5 months for detached homes (up from 13.6 last month), and 7.9 months for attached (up from 7.7 months in May), based on the rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
115 homes entered the La Jolla real estate market in June (the same as last month), with 43 homes going pending, compared to 58 last month (down 26%).
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 the market conditions (the Village, Muirlands, La Jolla Shores, La Jolla Farms, Bird Rock, Mt. Soledad, Windansea) please let me know.
READ MORE:
La Jolla Real Estate - La Jolla Real Estate Market Report for May 2010
La Jolla Real Estate - La Jolla Real Estate Market Report for April 2010
La Jolla Real Estate - La Jolla Real Estate Market Report for March 2010
La Jolla Real Estate - La Jolla Real Estate Market Report for February 2010
La Jolla Real Estate Market Report for January 2010
La Jolla Real Estate Market Report for December 2009
La Jolla Real Estate Market Report for November 2009
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If I can provide more information about Carlsbad real estate and surrounding areas, the housing market, or otherwise assist you, friends or family in a home search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
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