Real Estate Tips: La Jolla Market Update, October 2020
/The numbers this month remain high across the board, except new listings, continuing to build on the low inventory cycle. The overall story is due to the continual lack of inventory and low interest rates, there are a lot of pent up buyer's looking for a home. Thus, when something lists at fair market value, it goes quickly often times with multiple offers, driving up the price significantly. For the full run down on where the market is, watch my latest vid below.
October 2020 - La Jolla, CA Detached Homes
Number of New Listings: 49, -21%
Number of Homes Sold: 48, +23%
Median Sales Price: $2.49M, +7%
Average Days on the Market: 49, -34%
If you’re thinking of buying or selling reach out to me. It is a good time for both parties, depending on your personal circumstances, which I can advise on so you’re making the right choice for you.
