Real Estate Tips: La Jolla Market Update, January 2023

I'm here with the first market update for year 2023, sharing January's numbers. We saw an increase in a few areas, including: median sales price, days on the market, and inventory. In fact, inventory is up 53% which is a large increase from this time last year, although we are still in a deficit. For a full rundown on the numbers, check out this video below:

January 2023 - La Jolla, CA Detached Homes

Number of New Listings: 34, -31%

Number of Homes Sold: 15, -50%

Median Sales Price: $3.45M, +13%

Inventory Supply: 3.2 Months, +53%

Average Days on the Market: 43, +2.4%

If you are thinking of buying or selling feel free to reach out. It is a good time for both parties, depending on your personal circumstances, which I can advise to ensure that you are making the right choice for you.