‘Luxury U.S. home market being driven to new heights’

‘Fannie Mae: Confidence in home price gains’

‘Local home sales jumped 15 percent in May: Median prices continue their steady climb’

These are just a few of the headlines you read in the news today. The truth is the figures support these headlines! This is due to several factors which include shortage of homes for sale, historically low interest rates and high buyer demand.

As of Aug. 1, 2013, there were 304 properties on the market in La Jolla. This includes condos, some in UTC area. This number is down from years past. These asking prices range from $218,000 to $17,750. The number of properties in pending is 113, with 68 being under $1 million. Two are in the high end above $15 million.

The number of properties sold as of Aug. 1, 2013 is 465, with 236 of those sales being under $1 million. The highest closed sale as of Aug. 1, 2013 is $12 million. The number of properties sold this time last year was 372, showing sales are up! The highest price sale for last year was $15 million.

These figures are taken from Sandicor, the Multiple Listing Service for San Diego area, for 92037 ZIP code. These are just a few of the figures and market trends that your REBA professional real estate agents are monitoring for you.

If you have questions, or want more housing market information, contact a local REBA real estate agent. We have been going strong since the Great Gatsby 1920s and getting stronger each year.

To contact the La Jolla Real Estate Brokers’ Association, call (858) 454-6126.

— From REBA Reports