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La Jolla Homes

Homes & Schools

La Jolla High School - (High School)
750 Nautilus Street La Jolla, CA 92037 (858) 454-3081
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Muirlands Middle School  - (Middle School)
1056 Nautilus Street La Jolla, CA 92037 (858) 459-4211
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Torrey Pines Elementary - (Elementary)
8350 Cliffridge Avenue, La Jolla, CA 92037 (858) 453-2323
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La Jolla Elementary - (Elementary)
1111 Marine Street La Jolla, CA 92037 (858) 454-7196
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Bird Rock Elementary - (Elementary)
5371 La Jolla Hermosa Avenue La Jolla, CA 92037 (858) 488-0537
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La Jolla Home Sales and Future Price Trends

La Jolla is one of the most sought after neighborhoods in the United States right now, and this fantastic seaside area surrounded by hills has some of the highest home prices in the country right now. An average real estate property being listed in the area is around US $1.842 million, which soared to new heights when it broke the $2 million barrier last year. An average property being sold in La Jolla will cost you around US $2.125 million, and that is some serious cash!

One of the best parts of living in La Jolla is the wonderful climate, which is mild, and the city offers you access and views to the ocean from three sides. This makes it an extremely popular place to live, while there are also lots of varieties for shopping, dining, lodging, finance and real estate. Quality of education is top notch with lots of world class academic institutes situated La Jolla.

Brief History of La Jolla
La Jolla was home to Native Americans, who were known as the Kumeyaay. They name the location “Kulaaxuuy” which translates into “The Land of the Holes”. The name of the area was derived from the nature of the topography, since there are lots of caves that are located near sea level. The name of the community did have some Spanish influence over it and it is said that Spanish settlers gave it the name of “La Jolla”, which has been taken from the Spanish word “La Joya”. The word means “the Jewel” and therefore La Jolla got the nickname of “The Jewel City” from then onwards and is often referred to by that name in commercial references.

The Neighborhoods
La Jolla possesses some of the most attractive real estate properties in the United States right now. There are tons of vacant plots and properties that are listed on the market right now, but the overall cost of a luxury home in the community means making a significant dent in your bank accounts for most people. The area is covered by 7 miles of exquisite Southern California coastline, which gives it the Mediterranean atmosphere. There is a strong Spanish culture that is present in the city, and that can be seen in the neighborhoods of the community. There are lots of shopping, leisure, dining and recreational activities for people in La Jolla and it is considered to be one of the loveliest places to visit throughout the year.

A Look into the Real Estate Market of La Jolla
The average square foot price for a residential property in La Jolla stands at $589, which has shown a formidable increase of 15.3% over the last year. When you compare the median price for sales over the last year, this shows a 0.6% increase in the prices of homes sold, with the overall number of homes being sold actually decreasing during that period. There has been an 11% decrease in the number of properties sold in La Jolla, which is due to the sharp rise in real estate property in the area. Currently, the average price of a home being listed in La Jolla stands at $2,846,196, which has believe it or not, actually shown a 9% decline in terms of the prices.

Conclusion
If you are looking to purchase a piece of property in paradise then real estate in La Jolla should be first on your wish list. Even though the prices of homes are pretty high, current market trends suggest that the prices are dropping steadily, but it is hard to suggest if that will continue. Over the past couple of years, home prices in the area have increased steadily, with a 7% increase in the price of homes listed last year. The world class infrastructure and quality of life means that La Jolla is definitely one of the prime locations to live in the United States today, so if you want to invest in real estate, this may be the perfect chance for you.