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2013-07-18 16:36:10
La Jolla Market update 2012 compared to 2013 - Cas

2013-07-18

La Jolla Market Update

The La Jolla real estate market is constantly improving! Here is a market update on the first 6 months of 2013.

 

  • There were a total of 185 Sales in the first 6 months of 2013, compared to 170 in the first 6 months of 2012.
  • The lowest price a single family home sold for in La Jolla was $625,000, compared to $485,000 in the same area in 2012.
  • The luxury market in 2013 is back as well, with the highest La Jolla oceanfront property sale of $12.8 million, compared to just $7,050,000 the year before.
  • The average market time is cut by 1/3 as well, down to 62 days in 2013, while it took 94 days to sell a La Jolla home in 2012.
  • Average sale price is up 10% to $1,862,000 in the first 6 months of 2013. In 2012 the average Sales price was at $1,646,000.
  • And, last but not least, the average paid price per square foot is now at $665, up from $599 in 2012.
  • The La Jolla Real Estate market had a great comeback and cash is still king in La Jolla! 36% of all transactions in 2013 were all cash. A total of 68 home buyers purchased their home with no home loan involved.

 

Our newest Listing (pictured above) in La Jolla is on Soledad Mountain Rd, listed at $1,175,000. Click here to get to the listing. For more news on Market Trends and San Diego real estate market new check out our Market Update.

For more information about the La Jolla Real Estate market, specific La Jolla neighborhood information, or to sell your home in this upward La Jolla market, feel free to send us an email at oliver@bhhscal.com, or give us a call at (760) 805-9336. 

Each property and street is unique in this coastal area of La Jolla, so choosing an area expert, such as The INDRA GROUP, can really help add value to your home search. Check out The INDRA Group's recent La Jolla sales. 

http://youtu.be/8mk3sE8dAtc

 

 
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