La Jolla Monthly Real Estate Market Trends

La Jolla is the most famous neighborhood in San Diego. Home to the University of California, San Diego (UCSD), La Jolla is part university town, part artist and part tourist.

Rising abruptly from the coast, La Jolla has many large expensive view homes. That's not the whole town, though. Along with some apartments, there are many modest homes that are well maintained, but have no view. The center of town is by the coast and is full of coffee shops, galleries, antique shops, boutiques and restaurants.  

 

The principal idea of this chart is to provide the tools necessary for you to have a complete market analysis for your interests in La Jolla.
 

The following charts shows the detached homes sold in La Jolla from 2008 to 2011. I would suggest you not use my opinion on the basis of any financial decisions. But rather consider it a call to action for both potential buyers and sellers to check with their trusted advisors and as a tool to form their own opinions. This real estate report is designed to attract your attention by providing local real estate market trends. The reports are updated each month.


Data from Sandicor (04/05/2011) is deemed reliable but not guaranteed.

March 2011 La Jolla Market

Inventory

266

Inv Avg Price

$2,233k

Sold

26

Sold Avg Price

$1,404k

Sold Median Price

$1,250k

Pending

37

 SP/SF Average

$559

DOM

103

SP/LF

 93.55% 


Definitions 


Inventory: The total number of properties available

Inventory Average Price: Average Price is the sum of all prices divided by the number of properties in the inventory

Sold: Number of properties sold in a particular month

Sold Median Price: Median Price is the price at which 50% of properties sold were above the given price and 50% were below that price

Pending: Properties that are pending because of Escrow process

SP/SF: The average selling price divided by the average square foot

DOM: Average Days on Market is calculated from when a property was first put on the market until it was put under contract or taken off the market

SP/LF: The average selling price divided by the average list price