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Bend on that Baby

Up on the hill in one of my favorite parts of La Costa. But they are hoping for a buyer so desperate for a single-level that they will pay full retail for a virtually all-original house:

Posted by Jim the Realtor on May 21, 2013 in Bubbleinfo TV, One-Story | 1 comment

Million-Dollar Tract House

We are approaching the previous-peak pricing in most areas, and you know it’s hopping when standard tract houses in Carlsbad with few upgrades are listing for $1,000,000.

This house sold new for $1,004,500 in 2005, and for $1,180,000 in 2007 and that sale was 95% financed:

Posted by Jim the Realtor on May 20, 2013 in Bubbleinfo TV, REOs for sale | 0 comments

PB Build-Around

Another landlord who figures it might be a good time to hit the jackpot while in between tenants:

Posted by Jim the Realtor on May 18, 2013 in Bubbleinfo TV | 1 comment

“Nattily Dressed”

The UT has a story about the former owner, link here:

Posted by Jim the Realtor on May 17, 2013 in Bubbleinfo TV, La Jolla | 2 comments

Leucadia One-Story

This is one of the few places where you can find newer, larger one-story homes on good-sized lots. No wonder it blew of the market in the first few days, and over list price!

Posted by Jim the Realtor on May 16, 2013 in Bubbleinfo TV, Leucadia | 4 comments

CV Home Tour

A tour of the most-recent listing of a CV canyon-front home, in DH. I saw the house on Raven Hill that sold for $1.9 million, and I liked this backyard better:

Posted by Jim the Realtor on May 15, 2013 in Bubbleinfo TV, Carmel Valley | 7 comments

Peak Frenzy 2

It will be difficult to determine the frenzy velocity because you will keep seeing eye-popping sales that make you think that the market is still on fire.

This is where evaluating the features of each house will come in handy. The high-value targets – great locations, big ocean views, one-story, etc. – will be the ones that still fetch crazy prices. Why? Because frenzied-up buyers care less about price when they fall in love.

For example – the highest sale this year in this neighborhood was $795,000, and Richard closed one in March for $560,000.

But they asked $919,900 for this – and it went pending after 23 DOM:

You have to gauge whether each property deserves frenzy pricing, or is just hoping to get caught up in the excitement - get good help!

Posted by Jim the Realtor on May 13, 2013 in Bubbleinfo TV, Frenzy, Market Buzz, Market Conditions | 1 comment

Sat Night

Posted by Jim the Realtor on May 11, 2013 in Bubbleinfo TV | 3 comments

REO-Auction Craptacular

Banks are constantly tweaking their foreclosure package, thinking it will provide more benefits. In the confidential remarks:

This property is under Auction Terms. All bids are to be submitted through auction.com. This property is subject to a 5% buyer’s premium.

Here is the link:

http://www.auction.com./California/residential-auction-asset/1455959-3818-6809-JADE-LN-CARLSBAD-CA-92009-O364

It has a reserve price, the buyer pays the 5% premium on top of the sales price, the on-line bidding doesn’t start until May 30th, and the opening bid is $450,000.

The list price is $939,750 in the MLS: