La Jolla Real Estate Market Report for September 2011
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 44 homes sell in September 2011, nearly the same as last month (45). 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 |
44 (down 2%) |
21 (no change) |
24 (down 4%) |
|
Average $ |
$1,370,886 (no change) |
$2,049,380 (down 10%) |
$751,391 (up 29%) |
|
DOM |
97 |
97 |
98 |
|
Sale $/List $ |
92% |
91% |
93% |
The volume of sales in the La Jolla real estate market changed little from last month overall, a pattern we also saw in August. In contrast average sale prices declined for detached homes but increased for attached homes. Days on market did not shift substantially.
30 La Jolla homes (7% of the total) had a contingent status at the end of September (these homes are still considered active, but have offers that are being considered by either the short sale or REO lenders).
There were 446 La Jolla homes on the market at the end of September, a drop by 10% from August. This translates into an inventory of 11.2 months for detached homes (down from 11.4 last month), and 7.6 months for attached (down from 8.6 months in August), based on the rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
78 homes entered the La Jolla real estate market in September, 10% fewer than in August, with 52 homes going pending, almost 4 times the number that went pending in August (14).
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.
SEARCH FOR HOMES FOR SALE IN LA JOLLA CA
SEARCH FOR HOMES FOR SALE IN BIRD ROCK, LA JOLLA CA
SEARCH FOR HOMES FOR SALE IN WINDANSEA, LA JOLLA CA
READ MORE:
La Jolla Homes for Sale | La Jolla Real Estate Market Report for August 2011
La Jolla Homes for Sale | La Jolla Real Estate Market Report for July 2011
La Jolla Homes for Sale | La Jolla Real Estate Market Report for June 2011
La Jolla Homes for Sale | La Jolla Real Estate Market Report for May 2011
La Jolla Homes for Sale | La Jolla Real Estate Market Report for April 2011
La Jolla Homes for Sale | La Jolla Real Estate Market Report for March 2011
**************************************
ALL ABOUT THE CALIFORNIA RELOCATION DUDE
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
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
Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News
All content ©Copyright by Jeff Dowler. All rights reserved.
