This all points to a weakening inventory and if that trend continues a move toward a seller's market in the not too distant future.
No new condominium developments are ready to come onto the market. While we may see some apartment conversions back on the market, which will most likely, have little impact on the condominium market to the west of the UCSD campus. The apartment condo conversions on the UCSD Shuttle route are not likely to be put back onto the market until the seller's market is re-established.
As expected the higher end condominium homes (those with a median price of $1,495, and above) are slower to sell, but for those priced below $795,000 they continue to be absorbed more quickly than they are being listed. There were only 5 new listings in that price range in La Jolla, while 9 were sold during the last we
All in all the condo market in La Jolla is showing some signs of renewed health. La Jolla has long been a very desirable location for a second home. The is no better place to get away from uncomfortable climates, cold winter temperatures and the heat of hot desert climates. So it is no wonder that the easily maintained condominium communities are showing a return to the focus of the La Jolla real estate market. For a specific analysis of a La Jolla neighborhood or complex call Ruth Mills she has all the important information for you.
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