San Diego Luxury Home Prices

Prices for San Diego real estate including La Jolla luxury homes continue to rise despite a slower seasonal pace. Between September 2012 and September 2013, prices climbed 20.9 percent in the S&P/Case-Shiller Home Price Index. While this is slightly lower than the peak of 21.5 percent between August 2012 and August 2013, experts say that San Diego County is ranked fourth in the 20-city index.

Many real estate experts, including Michael Lea, a real estate professor at San Diego State University, point out that the fall is typically a slower period for real estate because of the impending holidays and because families are unwilling to move their kids during the school year. Lea said: “As we head into the fall we should normally see a slowdown in the rate of activity in the housing market, with probably some easing of house price increases, just as a normal seasonal factor.”

But despite a slow down in rising prices, sales continue to be strong. They’re well below “normal” levels, which has helped drive prices higher. Currently, there are more interested buyers than there are available La Jolla luxury homes for sale, and real estate experts anticipate continued inventory issues lasting into the new year.

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David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said: “Housing continues to emerge from the financial crisis: the proportion of homes in foreclosure is declining and consumers’ balance sheets are strengthening. The longer-run question is whether household formation continues to recovery and if home ownership will return to the peak levels seen in 2004.”

Buying During the Holidays

For many buyers and sellers, the months leading up to the holidays are just too stressful to consider negotiating a real estate transaction. But real estate experts say there are pros and cons to working through a deal at this time of year.

Sellers may find that buyers have more time to initiate their home search during the holidays. Many people have slower schedules at this time of year, allowing them to tour your home on weekdays instead of weekends. Additionally, studies have shown that buyers are clearly more emotional at this time of year, so they might be prompted to spend more if they feel that your La Jolla luxury home is the right one.

And for buyers, there are a multitude of reasons why closing on a home in December is smart. For one, many sellers are more motivated at this time and want to sell their home before the end of the year for tax reasons. This can sometimes mean more flexibility and more favorable terms for you, like a quicker closing. Many lenders and banks have fewer deals going on at this time of year as well, which can help speed things along.

If you’re interested in purchasing a La Jolla luxury home, we would love the opportunity to show you this exclusive beach town. Please contact our team of luxury property experts.

Homes in La Jolla, California between $2,000,000 and $3,000,000

  1. 3 beds, 4 baths
    Home size: 2,679 sq ft
  2. 3 beds, 4 baths
    Home size: 2,679 sq ft
  3. 5 beds, 3 baths
    Home size: 2,757 sq ft
    Lot size: 10,500 sqft
  4. 4 beds, 3 baths
    Home size: 2,757 sq ft
    Lot size: 10,454 sqft
  5. 2 beds, 2 baths
    Home size: 1,799 sq ft

See all City of La Jolla Luxury Homes For Sale.
(all data current as of 10/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.