The median price for a resale home in La Jolla peaked at $2,356K in May ’06. The median price for a resale home in La Jolla in Apr. ’07 was down to $1,547K.
I’m thinking of opening up a soup kitchen at my modest La Jolla rental home; sure seems like the folks in my neighborhood need cheering up.
Things have only started to move south, and already La Jolla is down 34% from peak. It’s going to be a long, tough one, folks.
