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La Jolla Real Estate Market Update

La Jolla real estate is booming! The month of April saw a median list price of $3,000,406 for a single family home. Total inventory for the area of La Jolla was 156 homes, with the average home size being 3,664 square feet. The average list price for a home in La Jolla was $4,269,746 and a price per square foot of $792. The median lot size for a single family home in La Jolla in the month of April was 10,133 square feet. Last month saw 11 new listings and 173 days on the market.

The average sales price for a single family home in La Jolla in March 2014 was $3,341,146. The median sales price averaged $2,010,000. There were 29 sales of homes in La Jolla over $1 million, which also represents the total number of homes sold. Condominiums in La Jolla saw an average sales price of $703,100 and a median sales price of $629,500. There were 28 traditional sales of homes in La Jolla and 1 distressed sale. The total number of condos sold in La Jolla in March 2014 was 36, with 5 of those sales over $1 million. 35 of the 36 condos sold were traditional sales, with 1 distressed sale.

For the period from January 2014 to April 2014, La Jolla saw mixed stats. The average price per square foot for La Jolla was $597, which is an increase of 15% from the same period last year, according to Trulia.com. Median sales for homes in La Jolla declined 22.1% or $240,000 compared to the prior quarter, but increased 2.1% compared to the previous year. Sales prices for La Jolla homes have appreciated 4% over the last 5 years.

This information is based on public record and is deemed reliable but not guaranteed.

If you are considering relocating to San Diego, why not contact The Daniels Group? We are a full service real estate team specializing in helping both buyers and sellers in the La Jolla real estate market spanning from La Jolla Farms to Bird Rock. As consistent Top Producers in real estate, Linda Daniels and The Daniels Group are your La Jolla housing specialists. Working with The Daniels Group will give you with the advantage of having local experts to ensure that you have a successful real estate transaction. From buying, selling and investing to financing options and more, we have the expertise and resources to help you achieve your goals. Call us today at (858) 361-5561 or email us anytime.