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April 21, 2010

Quick Look at La Jolla Shores Real Estate
The very special area known as La Jolla Shores is the neighborhood adjacent to the La Jolla Shores beach. The basin surrounded on the North East and Southwest by high hills is a favorite place for beach goers from around the world.

On the hills above "The Shores" are some of the most prestigious homes in Southern California, with views forever to the blue Pacific and evening sunsets that will occasionally produce the legendary "Green Flash". To the East is UCSD, and the UTC neighborhood, to the Northeast are the world famous Salk Research Institute and Scripps Research and Hospital, and the PGA famous public Torrey Pines Golf Course. To the South East is the Hidden Valley area, Mt. Soledad, and the Muirlands of La Jolla. South and West is the "Village" La Jolla and "The Cove". The "Shores" has wonderful restaurants; Barbarella's, Piatti's, The Marine room, to name a few, there is also a wonderful convenience store with a friendly family-owned feel, a burger joint, coffee shop, and yogurt. Make sure to stop by the Cheese Shop for memory making sandwiches; whatever you do, don't miss the oatmeal cookies there. You'll also find a neighborhood supermarket and Pizza too.

But back to La Jolla Real Estate in the "Shores", it is some of the most desirable anywhere. The Robb Report Magazine says it is "La Jolla is Simply the Best Place in the world to live". There are currently about 40 homes for sale in the Shores, they range from 1,000 sq.ft. 1 bedroom condo priced at $299,950 to a 9,550 sq.ft. home priced at $33,900,000. Condos are very popular for the second home resident and they range from cozy to luxurious. Detached homes most common in the little neighborhood are cottages up to about 1800 sq.ft. there are also large beautiful homes from on the sand to high on the hill with magnificent views. The average time on the market for a La Jolla Shores home right now is about 110 days but that includes the homes in the very limited market that are priced over $5,000,000 with those homes removed from the average figure 90 days would be much closer to the average time a home remains on the market in the Shores. The current median price in the Shores area is about $2,000,000 for both condos and detached homes. The average of all the prices on the market currently is about $4,000,000.

The sales history for the last six month in the shores is: 19 homes SOLD, the minimum price sold for was $214,000 and the highest, $18,150,000, the average sale price was $2,722,053, and the average size was 3bedrooms and 3 baths with, 2,508 sq.ft. The average time these homes spent on the market was 134 days.

La Jolla homes are mostly unique; some have been in families for generations and some are just built, some cozy beach cottage or condo, and some Grand Homes on the beach or perhaps in a gated community. Should you want to get a good feel for the La Jolla Shores stay at the La Jolla Shores Hotel on the beach and walk the village area get some sand on your feet, smell the ocean air and if you decide it is your piece of paradise call the Ruth Mills Team and we will enjoy showing you our home town and it's homes.

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