In La Jolla Shores
Built in 1971, the La Jolla Shores Clubdominiums is a community comprised of three buildings located in the heart of La Jolla Shores. There are a total of 106 units ranging from 1308 to 1521 sq. Ft.
But, the Clubdominiums is much more than that....
The La Jolla Shores is a special, magical place which has attracted people since 10,000 years ago when it was first settled by Native Americans. Clubdominium units are ideal for full-time living or visiting America's Riviera. Some owners use their "Clubdo" unit as a second home to visit part-time and rent out when not using it. Renting out excess capacity is a way owners make a little extra money (J.R. Sullivan also manages a number of these properties as vacation rentals).
Selling Your Clubdominium Unit
For over 30 years, we have provided Clubdominium owners with excellent advice, marketing, negotiating and service. We’ve sold 65 Clubdominiums and counting. There’s a reason so many owners have chosen to work
Trends in sales of La Jolla condos over $800,000 (luxury condos).
Inventory: Inventory is measured as the number of months required to sell current available inventory at current sales rates. A balanced market generally has 5-6 months of inventory....it's neither a buyer's nor seller's market. Inventory over 6 months indicates slower sales as buyers have more to chose from and less pressure to make a purchase. Under 5 months generally means that there is more buyer demand than supply. An extremely low inventory is often characterized by multiple offers and rapidly rising prices.
Sold: Regardless of the number of people who put in offers and open escrow, the bottom line is how many units close escrow and are considered sold. Even once a property gets into escrow, there are many things that must happen correctly for the buyer and seller to complete the sale. To name a few hurdles that must be overcome: *Buyers must qualify for their loan *The property's condition must be agreeable to the buyer, after all the inspections have been made and disclosures studied *The buyer and seller must agree to any repairs and who pays for them *The buyer must overcome buyer's remorse * The property must appraise at or above the contract price.......
Sold price as % of original asking price: How much of the asking price does the seller actually receive? This can be an indication of how well properties are priced in relation to market demand.