La Jolla Real Estate: La Jolla Luxury Homes

Good news for La Jolla home owners! While housing prices across the country continue to plummet, La Jolla home prices climb. According to the CALIFORNIA ASSOCIATION OF REALTORS®s (CAR) annual housing affordability index, La Jolla home values top the nation with the average 2007 sale price averaging $1.7 million for a 2,200-square-foot home. CAR predicts home prices will continue to climb, thanks to low mortgage-interest rates, an awakening economy, and a severe shortage of housing in the state of California. 

Known as an upscale enclave community nestled in San Diego, La Jolla is lucky to have escaped the economic downturns and housing slump felt by much of the nation. La Jolla homes continue to sell and La Jolla homeowners continue to benefit from improving house values. Just check out this La Jolla Market Trends Report provided by Trulia.

La Jolla Market Trends

No. Bedrooms	Jul-Sep '07	Apr-Jun '07	Jul-Sep '06	Jul-Sep '02	Apr-Jun '07 Apr-Jun '07 < Jul-Sep '06 et_chg('tt_nh_asp_chg',2,' Jul-Sep \'02')" class="pseudolinkBlue" style="width: 100%; display: block;"> Jul-Sep '02
1 bedroom	$420,348	$328,069	$410,045	$261,200	+28.1%+2.5%+60.9%
2 bedrooms	$933,660	$955,815	$1,082,035	$590,820	-2.3%-13.7%+58.0%
3 bedrooms	$1,770,009	$1,575,204	$1,638,333	$846,610	+12.4%+8.0%+109.1%
4 bedrooms	$1,837,821	$1,796,925	$2,147,932	$1,036,410	+2.3%-14.4%+77.3%
all	$1,362,631	$1,283,004	$1,481,662	$810,019	+6.2%-8.0%+68.2%

Average sales price for homes in La Jolla

No. Bedrooms	Jul-Sep '07	Apr-Jun '07	Jul-Sep '06	Jul-Sep '02	Apr-Jun '07 Jul-Sep '06 Jul-Sep '02   Apr-Jun '07
1 bedroom	$294,000	$291,028	$302,000	$245,000	+1.0%-2.6%+20.0%
2 bedrooms	$617,500	$650,000	$727,500	$450,000	-5.0%-15.1%+37.2%
3 bedrooms	$1,414,250	$1,335,000	$1,525,000	$797,500	+5.9%-7.3%+77.3%
4 bedrooms	$1,300,000	$1,595,000	$1,822,500	$870,000	-18.5%-28.7%+49.4%
all	$1,125,000	$1,054,500	$1,115,000	$735,000	+6.7%+0.9%+53.1%

Median Sales Price

No. Bedrooms	Jul-Sep '07	Apr-Jun '07	Jul-Sep '06	Jul-Sep '02	Compare to Apr-Jun '07 Jul-Sep '06 Jul-Sep '02   Apr-Jun '07
1 bedroom	$535	$452	$583	$364	+18.4%-8.2%+47.0%
2 bedrooms	$655	$654	$780	$398	+0.2%-16.0%+64.6%
3 bedrooms	$773	$731	$743	$423	+5.7%+4.0%+82.7%
4 bedrooms	$591	$625	$721	$375	-5.4%-18.0%+57.6%
all	$672	$645	$730	$406	+4.2%-7.9%+65.5%

Average Price Per Square Foot

No. Bedrooms	10/18-10/24 2007	10/11-10/17 2007	10/04-10/10 2007	09/27-10/03 2007	Compare to 10/11-10/17 2007 10/04-10/10 2007 09/27-10/03 2007   10/11-10/17 2007
1 bedroom	$564,874	$563,385	$566,564	$546,265	+0.3%-0.3%+3.4%
2 bedrooms	$1,012,698	$991,116	$985,397	$953,733	+2.2%+2.8%+6.2%
3 bedrooms	$2,123,763	$2,103,418	$2,083,307	$2,096,727	+1.0%+1.9%+1.3%
4 bedrooms	$3,473,095	$3,471,706	$3,435,377	$3,416,150	0.0%+1.1%+1.7%
all	$2,557,100	$2,586,370	$2,605,265	$2,577,245	-1.1%-1.8%-0.8%

Average Listing Price

No. Bedrooms	Jul-Sep '07	Apr-Jun '07	Jul-Sep '06	Jul-Sep '02
1 bedroom	21	24	18	15
2 bedrooms	60	61	43	61
3 bedrooms	54	66	41	104
4 bedrooms	25	33	22	39
all	183	204	145	233

Number of Sales

Source: assessor and title deed data,
and Trulia search traffic