Sat Jul 31 2021
This week the median list price for La Jolla, CA 92037 is $4,350,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 94.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$4,350,000|
|Median Price of New Listings||$3,100,000|
|Per Square Foot||$1,190|
|Average Days on Market||140|
|Median Days on Market||60|
|Slight Seller's Advantage|
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$12,000,000||8,694||0.5 - 1 acre||6||6||21||2||0||140|
|$6,495,000||5,268||0.25 - 0.5 acre||5||5||18||2||1||63|
|$3,525,000||3,011||8,000 - 10,000 sqft||4||3||46||8||6||28|
|$2,149,500||2,118||8,000 - 10,000 sqft||3||2||43||5||6||24|