Sales Activity: Sales activity in La Jolla remains consistently active. There were 51 closed sales during the past month, raising the total number of closings year-to-date from 332 a month ago to 383. The number of homes in escrow decreased slightly from 103 a month ago to 97 on September 15th. Subtracting the number of closed sales the previous month, there were 45 new net escrows reported open.
Inventory levels: The total number of homes listed for sale remained virtually the same, increasing to 495 from 491 a month ago. The inventory level is slightly above a 10-month supply, remaining near the lowest level since we first reported in June 2009.
The Silver Lining: La Jolla’s supply/demand ratio has continued to improve since we started reporting and continues to hover at about a 10-month supply. This remains good news for both the buyers and sellers. Buyers still have a variety of homes to consider, and sellers are finding that with competitive pricing they have the opportunity to sell their home within a reasonable marketing period.
Justin Brennan
Realtor | Broker | Investor
Middleton Associates Real Estate
848 Prospect Street
La Jolla, CA 92037
619.823.2120
In the last week there were 9 sales with an average sale price of $ 448,983 and we see the numbers stay in the apartment market in downtown San Diego condo.
ReplyDeleteCommunity Management