July 17, 2013 BY Utechservs
The La Jolla housing market is on the rebound and homes are being bought up quickly with the anticipation that the housing market is on the mend. Although the housing crash hurt even this desirable community, lowering housing values substantially, there is a definite shift in buying behaviors over the last year. While homes for sale in La Jolla, CA sold fairly quickly compared to many other areas of the country in 2012, they are selling even faster in 2013. For those who have had their eye on buying a home in this picturesque community, they better move fast on any home they hope to buy.
Not only are the homes for sale in La Jolla, CA selling quickly, the prices are beginning to rise. The median home sale price increased 11.1% in the 2nd quarter of 2013 compared to the first quarter. In addition, the median price was up 6.7% over the same period in 2012. Between interest rates rising and housing prices rising as well, the market in La Jolla is competitive for those looking to buy before the prices and rates go up even further.
There is no doubt that southern California and La Jolla in particular is a beautiful place to live and own a home. If the trend continues, it will be difficult for many to buy in this area as homes are snatched up quickly. Anyone that has been waiting to buy should wait no longer; the homes for sale in La Jolla, CA will not be on the market long so act now!