Carlsbad Real Estate News and Views: What's My La Jolla Home Worth? La Jolla Home Sales for September 2018

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

 

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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

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Comment balloon 10 commentsJeff Dowler, CRS • October 13 2018 02:27PM

Comments

Good morning Jeff. What a market for those agents, like yourself, who are knowledgeable. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 26 days ago

Good morning Jeff.  Thanks for the information and update about the La Jolla real estate market.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 26 days ago

Good morning, Jeff Dowler, CRS La Jolla residents would be wise to take you up on your offering of a Free Market Analysis.... you're a well-versed listing agent, and that's what's needed today.... 

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 26 days ago

Good morning Jeff, buyers and sellers in La Jolla need to make the right call and contact you. Your expertise and local knowledge will serve them at the highest level throughout their real estate transaction. 

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) 26 days ago

You always provide good information about your housing market. Thank you for sharing 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 26 days ago

Thanks for stopping by Wayne Martin  Prices continue to be impressive.

Hi Gabe Sanders Thank you for the kind words!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 26 days ago

Why thank you Barbara Todaro  For those with a significant budget there are some good opportunities. I’m happy to help!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 26 days ago

Hi Amanda S. Davidson 

Thank you for the kind words. La Jolla offers a wide variety of options, although many of them, especially single family homes, are quite expensive.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 25 days ago

Hi Gita Bantwal 

Thank you for stopping by and for the compliment. Hope all is well in your market.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 25 days ago

Hi Jeff... when I lived in Sausalito in the mid-1970's I always said that if I stayed in California and could have my pick of where to live it would be either La Jolla or Santa Barbara.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage | Charlotte, NC) 24 days ago

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