How To Get It Right!
When you put your La Jolla home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, especially in an eclectic luxury market such as La Jolla, so a pricing decision often relies on comparisons to several recent sales in the area with different features. Here are five criteria to look for in a sales comparison when pricing your La Jolla home.
Location:
Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better. Often these homes will have similar builds and views. A great guide in comparatively pricing your La Jolla Home.
Date of sale:
It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available. However, if there is a comparative property that matches your La Jolla home but sold 12 months ago, don’t be afraid to use it and apply an appreciation or depreciation value to it depending on the La Jolla market trends for that year.
Home build:
Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics. This can prove difficult with the eclectic nature of the La Jolla market. Some homes will match an architectural build but lack similarities in size and amenities, and vise versa. In this case, stay close as possible to bedroom count and square footage and less on style.
Features and upgrades:
Remodeled bathrooms and kitchens can wow your buyers into paying much more for your home. It’s less customizable but move-in ready. Just make sure you keep a neutral taste in mind when renovating. On the flip side, less flashy upgrades like a new roof or HVAC system can allow buyers to rest easy knowing that the big-ticket items have recently been renewed and they can focus solely on adding their own unique features to the property. Be sure to look for similar bells and whistles when pricing your La Jolla home.
Sale types:
Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.
Show buyers your 
Leaky faucet? Rusted drains? Loose drawer handle? Making these small fixes can make a big difference to potential buyers with detailed-orientated minds. Improve your kitchen. An outdated kitchen can be a real eyesore in a home. Updating cabinetry, repairing or replacing countertops, and installing new faucets may be worth the investment.
This beautiful home located on 5910 Germaine Ln is listed at $1,995,000 by Greg Noonan with Berkshire Hathaway Home Services. It has four beds, three baths, 2,344 square feet on a 12,200 square foot lot. It has been on the market for sixteen days and has sweeping panoramic views of the city skyline, Misson, San Diego Bay, and Point Loma. Single level living in a Sunny pocket of the Muirlands Neighborhood. This home is priced at 851 per square foot.
This original 1958 Mid-century modern single level family home is located on one of the most coveted streets in the Muirlands Neighborhood, La Jolla Rancho Road. This home is surrounded by greenery for peaceful energy and has incredible upscale potential. Ocean views, vaulted ceilings, the original Redwood floors have just been restored. Relax in your Japanese garden and covered porch with built-in barbeque and hang out by your solar-powered pool. This is is the first time in forty-one years that his home has been on the market. Three beds with an optional fourth, two full baths plus one-half bath, 2,662 square feet and priced at a great value of $749 per square foot on the lower end. This home is listed at a value range from 1,995,000 to 2,295,000 and ha been on the market for 41 days and is listed by Saxon P Boucher with Pacific Sotheby’s International Realty.
This timeless mid-century architecture features indoor/outdoor living while maintaining the integrity and beauty of its original features with stunning Mahogany ceilings, three fireplaces plus a separate studio with a full bath. This home located at 6135 La Jolla Mesa Drive, was built in 1954, has 4 beds with an optional fifth, 3 baths, 3,276 square feet and sits on a .5 to a 1-acre lot. This home is listed by Gina Mattern with Willis Allen Real Estate and is offered at a value range from 2,999,999 to 3,250,000. This home is priced at 915 per square foot. This home has been on the market for three days.
This home located at 1106 Muirlands Drive will blow you away with the expansive ocean, whitewater, and coastal views from the moment you walk in the door. This four-bed with an optional fifth, four and a half bath home was built in 1949 but has been remodeled in 2016 with top of the line appliances, new bathrooms, an open concept floor plan, recessed lighting throughout, views from every room, pool, Acacia hardwood floors, and an attached guest room with bathroom. This home is located just one mile from La Jolla’s notable schools. This home is priced at 1,364 per square foot and offered at $3,882,000. Listed by Liana Bowdler with Harcourts Prestige Properties.
Last but not least, is this gorgeous estate located at 6092 Avenida Chamnez. This opulent custom built home features endless ocean views, infinity pool, and spa, Brazillian cherry hardwood floors, soaring twenty-foot ceilings, floor to ceiling windows, top of the line sub-zero Miele appliances, 2,000 square foot patio, luxurious indoor/outdoor living, private gated entry, three-car garage, all while being minutes from the beach. This home is priced at $995 per square foot and offered at $8,195,000. Listed by Hanz Radlein with Compass.
Midway Street is listed by Maxine Gellens from Berkshire Hathaway. This home was built in 1949 but has been refreshed with interior and exterior paint, an updated kitchen with new counters and floors and refinished hardwood flooring. Situated on a double corner lot, this home has a large wraparound yard perfect for entertaining and is listed at $1,495,000. Call or text Tiffany at (858)-504-8433 for a private showing.
This 6 bed, 4.5 bath, 2,840 SF single level family home located at 5250 La Jolla Blvd was built in 2010 and will welcome you in with a gorgeous tropical yet drought-friendly landscape, high ceilings, large backyard deck, and open living spaces, just steps to the beach! This home is listed by Greg Whitney with Billionaires Row. Call or text Tiffany at (858)-504-8433 for a private showing.
Before the days of the internet and consumers were searching “La Jolla Real Estate Zillow”, the MLS was something that only Real Estate agents had access to, which is why people NEEDED an agent even at the very early stages of looking for a home.
LJAWF also has some of the best craft beer and artisan wines featured in the beer and wine harden which showcases over 40 international wineries, local craft breweries, and distilleries. The way it works is you purchase tickets that will get you into the beer garden, (I believe it was 5 for $20) and from here you can walk around the different wine and beer stations and
According to C.A.R’s August 2019 housing market update, California home sales perk up in July for the first time in over a year. Single-family home sales totaled 411,630 in July on a seasonally adjusted annualized rate up 5.6% from June and up 1.1% from July 2018.
