La Jolla Real Estate Market: September 16th- September 23rd
The Market Action Index answers the question, “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. An index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Real-Time Market Profile
La Jolla Real Estate Market: September 16th- September 23rd
The Market Action Index answers the question, “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. An index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Since we are seeing the market action index at 29, we can infer that this is a slight buyers market. Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Again, this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Updated September 3rd, 2019
La Jolla Real Estate Market: September 2nd-September 9th
The Market Action Index answers the question, “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. An index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
The Median list price in La Jolla is currently $2,995,000, the current price per square foot is $942, the average days on market is currently 155, 43% of listings decreased in price, 2% of listings increased in price, 22% of listings were listings that have been relisted. There are currently 182 homes for sale in La Jolla, the least expensive being $948,000 for a single-family home and the most expensive being $25,000,000.
Slight Buyer’s Advantage
Median List Price
La Jolla Real Estate Market- Each segment below represents approximately 25% of the market ordered by price.
La Jolla Real Estate Market: April 1st-April 8th
Take a look at what the La Jolla Real Estate Market is doing in real-time as of April 1st, 2019! This week the median list price for La Jolla, CA is $3,122,500, which is a $127,500 increase from last week. This is a big clue that the market is starting to heat up at a faster pace! Take note of the market action index below, it is now at 30 for the 2nd week in a row. The market action index measures the current rate of sale versus the amount of inventory. An index above 30 represents a seller’s market, where conditions are favorable to home sellers, and a market action index below 30, favors buyers. What can we can conclude from last week's data is that the market is “heating up” and shifting towards a seller’s market. A market action index of 30 represents a pretty neutral market, but as spring reaches its peak, an increase in inventory to hit the market, we predict that this market action index number will likely stay on a steady incline until we hit the peak of spring. Inventory has held steady at or around 156, which is an increase from 155 last week.
Slight Seller’s Advantage
The graph below represents the median home listing prices over three years from March 2016 to March 2019. The dotted line represents an average of 7 days and the solid line represents an average of 90 days.
Market segments representing approximately 25% of the market are ordered by price for the top, upper, lower, and bottom tiers (DOM=Days on Market).
- To stay on top of the latest La Jolla real estate market trends subscribe here!
- Check out my page 8 Steps to Buying a Home to get started on your home search!
My reports use real-time market data to give you actionable insights into what’s happening in the market right now and how market conditions are consequently changing every week.
With all my sellers, I want them to know how the market is behaving while their house is listed or they’re preparing to list, so please take a moment to review this week’s report.
Please let me know if you have any questions, and feel free to share this report with your friends and family.
La Jolla Real Estate Market: March 24th-March 31st
Slight Seller’s Advantage
Median List Price
The graph below represents the median home listing prices over three years from March 2016 to March 2019. The dotted line represents an average of 7 days and the solid line represents an average of 90 days. We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market segments representing approximately 25% of the market ordered by price for the top, upper, lower, and bottom tiers (DOM=Days on Market):
- To stay on top of the latest La Jolla real estate market trends subscribe here!
- Check out my page 8 Steps to Buying a Home to get started on your home search!
My reports use real-time market data to give you actionable insights into what’s happening in the market right now and how market conditions are consequently changing every week.
With all my sellers, I want them to know how the market is behaving while their house is listed or they’re preparing to list, so please take a moment to review this week’s report.
Please let me know if you have any questions, and feel free to share this report with your friends and family.
La Jolla Real Estate Market: March 17th-March 23rd
The graph below represents the median home listing prices over three years from March 2016 to March 2019. The dotted line represents an average of 7 days and the solid line represents an average of 90 days.
Market segments representing approximately 25% of the market ordered by price for the top, upper, lower, and bottom tiers (DOM=Days on Market):
- To stay on top of the latest La Jolla real estate market trends subscribe here!
- Check out my page 8 Steps to Buying a Home to get started on your home search!
With all my sellers, I want them to know how the market is behaving while their house is listed or they’re preparing to list, so please take a moment to review this week’s report.
Please let me know if you have any questions, and feel free to share this report with your friends and family.
Updated March 10th, 2019
La Jolla Real Estate Market: March 10th-March 16th
The dotted line on the graph below represents a 7-day average and the solid line represents a 90-day average.
Each segment below represents approximately 25% of the market ordered by price. As you can see, this breaks it down starting with homes in the $6.5 million range to $3.6, $2.5, and $1.6.
