La Jolla has once again been proclaimed the "most expensive real estate market in the country"! The criteria, used by the brokerage performing the analysis, was limited to a 4 bedrooms/ 3.5 bath home with approximately 2,200 square feet. La Jolla's average price was $2,125,000 up 16.6% from last year.
Great news for those of us living and selling real estate in La Jolla, however the overall average sales price for a detached home in La Jolla is $1,930,190 - average size of 3 bdrms/3 ba and 2,810 square feet. In 2008, the average sales price was $2,373,889 for the same size home.
Here is the newspaper article: http://www3.signonsandiego.com/stories/2009/sep/24/la-jolla-called-most-expensive-housing-market-us-a/?&zIndex=171148
If you are looking to buy, sell or rent in La Jolla, please give us a call at (760) 567-9100 or send us an email teamlaxson@gmail.com/.
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Copyright © 2008 - 2010 Susan Laxson. All Rights Reserved. Information from sources deemed reliable, but not guaranteed.
Hey, Susan - If you dig deeper into that story that comes out each year courtesy of Coldwell Banker Residential, you'll find that it only applies to Coldwell Banker's listings, no one else. So it's not an overview of real estate, only an overview of the real estate that Coldwell Banker listed. That can make a significant difference if Coldwell Banker only has, say, only 20% of the real estate market, either nationally or in any one city.
Thanks Jim for your comment. The post states that it was criteria based on a brokerage and there is a link to the article. It wasn't meant as an overview of real estate, simply a notice that it was named as the most expensive real estate in the nation. The reader probably can determine it wasn't an unbiased report. :-)