My second tour of downtown Carlsbad where it becomes obvious that big money is taking over and if you don’t like it you better say something quick. P.S. Do you know what Elm is?
Once upon a time Carlsbad was a sleepy little beachside town, but now big money is taking over. Here’s a tour of projects being discussed on the street:
This sold for $318,000 in 2004, and I sold it for $140,000 in April, 2008. The same buyer still owns it.
I’ll never forget how the trash-out guy here was so cocky about having so much REO business that he said, “I make more money than you”. He probably did, but I never saw him on the front page of the L.A. Times!
How about a regular 1,408sf Clairemont house built in 1968?
Add a little pizazz, and they come running – this sold for $710,000, or $45,000 over list:
We have random off-market sales and ibuyer-manipulated sales.
Are those legitimate comps? How will we know the true values?
The most beneficial system is to expose all properties to the open-market, and let every ready, willing, and able buyer take their shot – with proper representation helping them along the way.
I’m open to other agent compensations, but buyers deserve to get good help.
P.S. If you stuff six keys in a lockbox, don’t be surprised if it doesn’t open.
Welcome ‘Fred Astaire’ to the world – he’s light on his feet:
Trendy one-story homes with no HOA or Mello-Roos are a hot ticket:
Kelli Miller of Compass allowed me to video her new listing of a Plan Three, 4,398sf view home in La Costa Oaks, priced at $1,999,919:
Update: Went pending in four days!
Realtors, get your listings on Bubbleinfo TV!!
Our first experience with the Compass for-sale sign (that costs $700):
This is what you get at the low-end of the price curve for Carlsbad detached homes in the Encinitas school district – a 3br/2ba, 1,453sf home.
It closed for $750,000, which was $5,000 over list for a detached condo: