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La Jolla Real Estate Market Stays Strong

April 29, 2014 BY Utechservs

birdrock058d5084946cae3a991db9ba0b94b0c25081200594070586ed5dd2691a19926d429ec229479030e120037985The first quarter of 2014 has not held any major surprises for the La Jolla real estate market. As we have seen for the last few years, home prices continue to increase, making it an excellent time to buy in this exclusive area. The only statistic that has consistently been lower is the amount of homes sold this year over last. However, those who bought homes last year are seeing a nice increase in the value of their investment.

 

  • Price per square foot up. For the week ending April 23rd, the average price per square foot was $595, up 15% over the same period last year.
  • Median sales price up. For the period January thru April, median sales prices are up over 3% from the same period last year, an average of $31,500 per home.
  • Average listing price. The average listing price in La Jolla is currently $2,847,090 for the week ending April 23rd, 2014 according to Trulia.com.

 

For anyone considering purchasing a home in La Jolla, now is the time to buy. Prices have been on a consistent upswing, making it a smart time to buy your dream home before prices go even higher. There are hundreds of beautiful homes for sale in La Jolla right now; call me today to schedule an appointment!

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