La Jolla Annual Real Estate Market Trends
| La Jolla | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $847,073 | $660,000 | 483 | 93 | 94.5% | |||
| 1999 | $1,021,522 | $750,000 | 447 | 72 | 94.0% | 20.6% | 13.6% | -7.5% |
| 2000 | $1,251,198 | $875,000 | 443 | 70 | 93.6% | 22.5% | 16.7% | -0.9% |
| 2001 | $1,216,509 | $925,000 | 312 | 78 | 92.0% | -2.8% | 5.7% | -29.6% |
| 2002 | $1,309,961 | $1,000,000 | 389 | 82 | 93.5% | 7.7% | 8.1% | 24.7% |
| 2003 | $1,455,130 | $1,150,000 | 406 | 84 | 94.2% | 11.1% | 15.0% | 4.4% |
| 2004 | $1,912,730 | $1,450,000 | 403 | 74 | 94.8% | 31.4% | 26.1% | -0.7% |
| 2005 | $2,260,700 | $1,750,000 | 360 | 76 | 93.8% | 18.2% | 20.7% | -10.7% |
| 2006 | $2,169,110 | $1,680,000 | 296 | 70 | 93.9% | -4.1% | -4.0% | -17.8% |
| 2007 | $2,176,570 | $1,750,000 | 293 | 75 | 93.3% | 0.3% | 4.2% | -1.0% |
| 2008 | $2,373,890 | $1,625,000 | 199 | 88 | 91.6% | 9.1% | -7.1% | -32.1% |
| 2009 | $1,942,390 | $1,450,000 | 243 | 113 | 91.5% | -18.2% | -10.8% | 22.1% |
| La Jolla | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $286,290 | $236,500 | 289 | 53 | 97.2% | |||
| 1999 | $368,171 | $290,000 | 394 | 51 | 97.1% | 28.6% | 22.6% | 36.3% |
| 2000 | $401,609 | $318,750 | 388 | 46 | 97.1% | 9.1% | 9.9% | -1.5% |
| 2001 | $518,856 | $379,500 | 350 | 61 | 96.5% | 29.2% | 19.1% | -9.8% |
| 2002 | $594,099 | $443,750 | 448 | 83 | 96.4% | 14.5% | 16.9% | 28.0% |
| 2003 | $551,058 | $470,000 | 450 | 50 | 97.1% | -7.2% | 5.9% | 0.4% |
| 2004 | $854,184 | $690,000 | 491 | 49 | 97.2% | 55.0% | 46.8% | 9.1% |
| 2005 | $670,040 | $529,000 | 592 | 47 | 97.7% | -21.6% | -23.3% | 20.6% |
| 2006 | $805,241 | $627,000 | 309 | 87 | 94.9% | 20.2% | 18.5% | -47.8% |
| 2007 | $817,179 | $605,000 | 314 | 91 | 95.1% | 1.5% | -3.5% | 1.6% |
| 2008 | $708,084 | $533,500 | 316 | 102 | 94.5% | -13.4% | -11.8% | 0.6% |
| 2009 | $636,208 | $501,500 | 288 | 97 | 95.3% | -10.2% | -6.0% | -8.9% |
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DEFINITIONS
- Median Price
- Median Price is the price at which 50% of properties sold were above that price and 50% were below.
- Average Price
- Average Price is the sum of all prices divided by the number of sales.
- DOM
- Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
- SP/LP
- The average selling price divided by the average list price.
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