August 2009

Current Real Estate News – July 2009

I have been following the comments and statistics about La Jolla real estate.

It appears that property in La Jolla is beginning to sell on a slow and steady pace.

Consumer confidence will take awhile to return. If one looks at the sales pattern that is in the following graphs one can’t help but see that we are beginning to build that all important base. I don’t think we will go up immediately but rather move in a continuous line then a slow and steady appreciation will begin from there.

La Jolla is "the place." People want to be here. If you are here, you know. If not, come here and find out. It is a place that will make you feel good.

More good news came on the housing front. New U.S. home sales jumped 9.6 percent in July, a fourth straight monthly gain that beat analysts’ expectations.

The Commerce Department said home sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. But the median sales price of $210,000 was down 11.5 percent from $237,300 a year earlier. 
 

You might find this article interesting

La Jolla real estate market is picking up.

 Buyers are looking at and putting in offers of homes. If you are interested in looking at homes or seriously thinking of purchasing a home, now is the time. Wise seller have priced their homes to sell and, if you are a buyer, now is the time to find that new home and put in an offer that your seller cannot refuse. Think about it? You have been dreaming of moving. Now is the time!!!

 

 

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