August 7, 2013 BY Utechservs
Taking a look at the 2nd quarter of 2013, the La Jolla housing market statistics are reflective of the continued desirability of this beautiful community. While many other areas both in California and across the country are struggling in the housing market, La Jolla home sales and prices are comparatively steady, making it an ideal place to invest in a new home. Here are some of the 2nd quarter statistics for 2013. The La Jolla housing market appears to be gaining momentum, making now the time to buy.
– La Jolla home prices increased over first quarter. The median home price in La Jolla for the 2nd quarter of 2013 was $1 million, up 11.1% over the first quarter, just over $100,000.
– Median La Jolla home price up over last year. The La Jolla median home price was 6.7% higher than the 2nd quarter of 2012.
– 5-year increase. Over the last five years, La Jolla homes prices have increased 27.4%, showing a strong resurgence after the market crash.
– La Jolla average price per square foot is up. The average price per square foot was up to $579 in La Jolla, up 7.8% over the same period last year.
The month of July in 2013 saw the highest median sales price for the La Jolla area since 2008, reaching $1.3 million by the week ending July 24th. This positive trend for third quarter sales is great for sellers and is a beacon for those looking to buy a home in La Jolla to make their purchase before the prices continue their increase.