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 | $1,475,476 | $1,175,000 | 395 | 88 | 92.9% | 12.6% | 17.5% | 1.5% |
| 2004 | $1,902,229 | $1,450,000 | 398 | 76 | 93.1% | 28.9% | 23.4% | 0.8% |
| 2005 | $2,238,139 | $1,750,000 | 358 | 78 | 89.6% | 17.7% | 20.7% | -10.1% |
| 2006 | $2,193,756 | $1,680,000 | 294 | 72 | 93.3% | -2.0% | -4.0% | -17.9% |
| 2007 | $2,176,870 | $1,750,000 | 292 | 75 | 92.6% | -0.8% | 4.2% | -0.7% |
| 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 | $550,860 | $470,000 | 443 | 56 | 96.6% | -7.3% | 5.9% | -1.1% |
| 2004 | $854,395 | $700,000 | 477 | 53 | 96.6% | 55.1% | 48.9% | 7.7% |
| 2005 | $681,585 | $540,000 | 553 | 61 | 96.6% | -20.2% | -22.9% | 15.9% |
| 2006 | $806,070 | $628,500 | 308 | 87 | 94.0% | 18.3% | 16.4% | -44.3% |
| 2007 | $818,636 | $608,000 | 313 | 92 | 94.6% | 1.6% | -3.3% | 1.6% |
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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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