The La Jolla beach community is world renowned for its gorgeous ocean views and beautiful homes. Here are 5 reasons to own La Jolla Real Estate in 2011.

1. Outstanding Location: La Jolla is centrally located in San Diego County along the coastline. This community is just ten minutes north of downtown and ten minutes south of Del Mar. Properties in La Jolla offer access to pristine beaches, beautiful vistas, coves, bluffs, and supreme ocean views. This is the right time to find great deals on La Jolla condos

2. Luxury Living: La Jolla features a wealth of gourmet restaurants, luxury shopping, and fantastic employment opportunities.

3. Buyers Market in 2011: So far in 2011, the La Jolla real estate market tends to be a buyers market. With over 400 active properties listed and an average listing price of $2,384,295, there is no shortage of inventory in this beach front community. Since the beginning of this year 44 homes have been sold in La Jolla with the average sales price at $1,037,900. The high price tags of these homes attract fewer buyers. For this reason, the market favors buyers. If you can afford to purchase a home in La Jolla, now is the time. La Jolla real estate can offer a variety of housing options. There are over 300 single family homes available in La Jolla and the remaining 103 is made up of condos and town-homes.

4. Wonderful Community: There are several communities in La Jolla that all have low crime rates and exceptional schools. These neighborhoods include Bird Rock, Windansea Beach, La Jolla Shores, La Jolla Farms, Muirlands, Torrey Pines, and Mount Soledad.

5. Maintains Value: Over the past few years, cities all over the United States have taken a devastating hit to their real estate markets. However, La Jolla real estate has been relatively unaffected by the housing market crash. While most areas are dealing with a tremendous influx of short sales and bank owned homes, only 1 percent of active properties in La Jolla are bank owned and only 4.5 percent are short sales. These low numbers of distressed properties help to maintain the value of the homes in the area, making it one of the world’s premier real estate destinations.

Premiere Homes is a San Diego real estate brokerage firm. We have great deals on:

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