January 24, 2011

A quick look at the last quarter and the Real Estate Market in La Jolla CA!
The Most common sale price for the last quarter in La Jolla was $1,950,000 which is up from the median price for La Jolla last year when it was $1,750,000 up about 11.5% during the year past. The average sale price can be misleading, with price ranges to the very high extremes so the median price becomes much more descriptive of the market. The number of sales for detached homes in December was up by more than 37% for the same period last year. A year ago the sale price was close to 88% of the asking price, where as this year the Sale price was over 90% of the list price. A year ago if you were to put your home into this market the average time for it to sell was 199 days, today the that same average home is selling in 109 days.