September 16, 2013 BY Utechservs
The listing and selling prices of homes in La Jolla have continued on their upward trend through the 2013 summer. According to Trulia.com, there were 368 new and resale homes available on their site in La Jolla for the week ending September 4th. With prices increasing and interest rates still low, these homes will most likely sell fast in this great community.
Some of the real estate trends for the 2013 summer include: –
– Average listing price for week ending Sept 4th, 2013. The average listing price increased over $100,000 from the previous week to $3,039,700.
– Average selling price for homes sold between Jun 13- Aug 13. The average sales price increased 13.2% year-over-year in La Jolla to $945,000. This was based on 153 sales during this period.
– Average sales price per square foot. Year-over-year, the average sales price per square foot increased 18% to $593 for the week ending Sept 4th, 2013.
As values increase, it becomes more of a seller’s market in La Jolla. Luxury mansions and homes are becoming more sought after, making it a competitive market. If you have been considering buying a home in this community, either as a permanent residence or for a vacation home, now is the time to buy. If you’ve been considering listing your home, there’s no better time than the present. Give me a call!