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 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 market is 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 34 homes sell in February 2010. 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
|
34 (up 31%) |
13 (up 18%) |
21 (up 62%) |
|
Average $
|
$925,863 (down 19%) |
$1,648,863 (down 7%) |
$478,292 (down 29%) |
|
DOM
|
89 |
120 |
69 |
|
Sale $/List $
|
94% |
92% |
96% |
34 homes sold in February, an increase of 31% over last month, a trend we have seen in other communities since the holidays; at the same time average sales prices declined modestly for detached homes but substantially for attached properties.
33 La Jolla homes (9% of the total) had a contingent status at the end of February (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).
There were 354 homes in the La Jolla real estate market for sale at the end of February, a small decrease of 3% from January numbers; 57% are detached single family homes, priced from $697,700 to $25,000,000 (there were 11 homes priced above $10 million on the market at the end of January). This translates into an inventory of 9.8 months for detached homes, and 6.5 months for attached, based on the rate of sales over the last 6 months; both modest increases over the previous month.
85 homes entered the La Jolla real estate market in February (versus 89 in January), a 6% decrease, with 51 homes going pending, compared to 35 last month (up 46%).
If you need 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) please let me know.
READ MORE:
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 La Jolla real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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If I can provide more information about Carlsbad real estate 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 me by phone or text at (760) 840-1360 or 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, Carmel Valley, Escondido, and San Diego
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Jeff
I'm thinking La Jolla has some pretty nice homes to enjoy; that picture of the shoreline is pretty captivating.
Great market report. Looks like with the softening in pricing it's brought in some buyers..hopefully the prices will stabilize with continued increases in number of sales.
Jeff those were nice increases from January to February, it would be nice if things kept going in that direction for the rest of the year.
Looks like things are looking good in your market area! Good for you!
Hi Jeff! Excellent stats, my friend! And, I love your photo too! You always do awesome market reports.
Have a fabulous Friday...