La Jolla

My last article on foreclosures stated that there are only five foreclosures in the 92037 zip code for sale.  This is correct but after researching Realist.com there actually are 240 La Jolla foreclosures in different stages. Here are the statistics on the three stages of foreclosures: 115 Preforeclosures 76 Auction 49 Bank Owned During the » Read more  

Foreclosures in La Jolla are on the decline and almost non-existent.  Base on the statistic on SDAR, MLS and www.Redfin.com there are a total of five foreclosures in the 92037 zip code.  They range from $650,000 to $3,300,000 with an average of $1,795,000 and the average 76 days on the market.  This is excellent news. » Read more  

When a luxury homeowner decides to list their home in today’s market, the price is the key to success!!  La Jolla sellers who own a home of $2,000,000 or more and who want to sell are more than likely needing to sell within six months. Homes that are listed properly with today’s prices are selling » Read more  

There are about 35 Luxury Condo/Townhouses ranging from $1,500,000 to $8,500,000 for sale in La Jolla today and only 2 pending sales.  In the second quarter of 2009 April-June only 5 units actually sold.  Buyers, who typically would move to a luxury Condo/Townhouse because they want to downsize and make their lives less complicated, are » Read more  

The Federal Reserve Board under the Truth and Lending Act has come up with new disclosure time limit for The Regulation Z, (the lender disclosures all of the cost of the loan including how much interest will be charged on a loan). Now, fees for a real estate  loan cannot be collected by the lender » Read more