Real Estate Tips: La Jolla Market Update, September 2018

It’s hard to believe that we’re already looking at the market update for September 2018, but its here and boy is it interesting. Things are certainly changing for the La Jolla real estate market. With over a two year decline in inventory behind us, we’re starting to see and increase in inventory, thus an decrease on the home prices. See below the full picture of what these changes are and what they mean for our real estate future.

La Jolla September 2018 Market Update for detached homes:

• Number of Homes Sold: -20%

• Number of Listings: +11%

• Average Days on the Market: -38%, 21 Days

• Average Sales Price: -4%, $2.14M