Real Estate Tips: La Jolla Market Update, May 2019

Alright, so after reviewing this month’s real estate market data, I’m feeling compelled to look at month over month vs. year over year, since it seems to be going up and down. For example, if you take a look at my video from last month (April 2019), the median sales price was down 16% at $1.95M, which was a big change that we haven’t seen in awhile.

All in all though, as I’m out in the field and checking in on inventory constantly, things are certainly starting to slow down. If you’re thinking of selling whatsoever, I would suggest looking into now or waiting until the next market cycle, which generally happens every 5 to 7 years. If you need advice if it is the right time for you or not, connect with me and we can figure it out together.

The latest market data as of May 2019 for residential homes in La Jolla.

  • Number of Homes Sold: 32, -3.0%

  • Number of New Listings: 74, +8.8%

  • Average Days on the Market: 46, +2.2%

  • Median Sales Price: $2.2M, +17.8%