La Jolla has always been a popular vacation destination and one of the most desirable cities to own real estate. With mortgage rates remaining low, many are taking advantage of this wonderful opportunity to purchase their La Jolla dream home. In San Diego County, as of November 29th, 2011, a 30 year fixed mortgage rate is 4.268 percent. Since January of 2010, 182 homes have sold in La Jolla. Currently there are 353 homes for sale in La Jolla. Of these home listed, 209 are single family homes with an average listing price of $3,435,260, 40 are town-homes with an average listing price of $773,241, and 104 are condos with an average listing price of $2,443,043.
So far this month 31 homes have sold in La Jolla, slightly less than the 35 sales that took place during November of 2010. The average sales price of these homes was $1,267,161, a 0.93 percent decrease from last year. Most of these transactions were from single family homes, totaling 15 sales and an average sales price of $2,067,333. Only 4 sales were town-homes, the average sales price at $558,750. Condos made up 12 of the sales with an average sales price of $503,083. While there many luxury condos available in La Jolla, most of the activity was in the lower price range condos.
La Jolla has something of offer everyone. There are many small neighborhoods that make up the La Jolla community. The Village is where the original settlers made their home in 1880, and the area still maintains its historical essence. There is a wide selection of homes in this area from condos to large mansions. La Jolla Shores is most recognized for its spectacular beaches, a popular place for a variety of recreational activities. Avenida De La Playa has world class shopping and dining. Homes in the neighborhood are mostly custom built and some date back to the early 1900’s. Hermosa can be found on the scenic cliffs with gorgeous ocean views. Homes in this area begin at $1.7 million and rarely come on the market. Other neighborhoods include, Bird Rock, Beach-Barber, Muirlands, La Jolla Alta, La Jolla Mesa, Soledad, and Country Club, each with their own unique culture and atmosphere.
Are you ready to purchase your La Jolla dream home? Call us today at 858.455.6700.