The La Jolla real estate market, a subsidiary of the larger San Diego real estate market, is one of the most strongly recovering areas in the nation. According to a May 18, 2010 article in the San Diego Daily Transcript, “Local homebuilders are reporting that despite our lackluster economy, new homebuyers are making commitments to purchase at a much faster pace than in the recent past. We’re not at the campout stage yet, but it is nice to know that the market recognizes the shortage of new homes. There has been particular strength evidenced in single-family housing in the $600,000-plus range, mostly in north coastal county.” The piece, written by Alan Nevin, also said that “…we will have a return to the musical chairs game of 2005-2006 when more and more homeowners are out to buy fewer and fewer larger homes…And that results in higher and higher prices, especially when interest rates are as low as they area and low down payments are plentiful (which they still are). In short, it is my contention that we are heading into a return to the good old days.”

The average price of a San Diego home rose dramatically in the month of March, a sign of the continued demand for La Jolla homes for sale. According to a May 10, 2010 article in the San Diego Union Tribune, “San Diego County led the nation in rising home values in March even though prices nationwide dropped 3.8 percent, according to a report released today by Zillow.com.” The article by Roger Showley continued to say that “In San Diego County, 32.1 percent of homes sold in March had gone through foreclosure in the previous year and 22.9 percent of homes were underwater. Nationally, the figures were 22.2 percent and 23.3 percent, respectively.”

This same positive news for La Jolla real estate was echoed in an April 27, 2010 article also in the Union Tribune. This piece found that “San Diego County’s housing market was the strongest in the nation in February, the widely watched Standard & Poor’s/Case-Shiller Home Price Index reported Tuesday. The price index for San Diego was up 0.6 percent from January, the only market out of 20 surveyed nationally with an increase.”