Friday, March 2, 2012

La Jolla, CA Market Conditions, Slight Decline to Steady Property Values


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MARKET CONDITIONS IN LA JOLLA AS OF 02/22/2012 (SANDICOR MLS DATA)
0-6 Months Ago
12-18 Months Ago
Change
Median $/Sqft
$549.76
$570.33
-3.6%
Median Sale Price
$1,350,000
$1,339,000
0.8%
Median List $/Sqft
$605.06
$616.67
-1.9%
Median List Price
$1,450,000
$1,437,500
0.9%
Med. Market Time Sold Props. (days)
70
60
16.7%
Total Number of Sales
135
125
8.0%
Total Number of Listed Properties
572
820
-30.2%
Months of Inventory (6 Month Period)
4.2
6.6
-35.4%
Bank/Short Sales (likely)
26
28
-7.1%
Bank/Short Sale Ratio (likely)
19.3%
22.4%
-14.0%
Recent 1 Month Period (0-1 Months)
Total # Active Properties Over Past 30 Days
261
Total Number of Sales Past 30 Days
23
Current Months of Inventory
11.3
New Listings Past 30 Days
54
Median Marketing Time of Sales Past 30 Days
67
Recent 6 Month Period (0-6 Months)
New Listings Past 6 Months
249
# Props. Listed Past 6 Months That Sold
42
% of Props. Listed Past 6 Mo. That Have Sold
17%


La-jolla

Brian Ward
La Jolla, CA Home Appraiser b@brianward.com
www.brianward.com 
m. (760) 636-6777
o. (619) 630-9273
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