La Jolla Real Estate Market Trends (La Jolla Housing Market)

La Jolla Housing Market 2022

January 4th 2022
This week the median list price for La Jolla, CA is $5,700,000 with the market action index hovering around 38 an increase over last month's MAI.

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

La Jolla Real Estate Market

La Jolla real estate market data for single-family homes  comparing  December 2021 from December 2020

• The average sales price was $3,733,570.

• The average total market time was 33 days down 26.7% while the average active market time was 40 days down 4.8%.
• The absorption rate is down 50% at 1.6 months
• The average price per square foot is $1,263. There were 24 new listings down 4%
• There were 18 total pending sales down 18.2% and 19 total sold homes down 40.6%

La Jolla condo market data for all condos, townhomes, penthouses, high rises, and rowhomes comparing December 2021 from December 2020

• The average sales price was $1,207,770 
• The average total market time was 36 days down 12.2% while the average active market time was 26 days down 42.2%.
• The absorption rate is down 74.1% at 0.7 months
• The average price per square foot is $858 up 7%. There were 20 new listings down 67.2%
• There were 16 total pending sales down 50% and 27 total sold condos down 12.9%

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