You could make a case that Del Mar Terrace is under-valued, compared to the rest of Del Mar. The views are bigger due to fewer trees, and you can get to the freeway or beach in five minutes – how many places can say that?
Ken Rochetti was the architect of the featured home above, and quite a few others in the north coastal region – here’s one on Whale Watch in La Jolla with some trick drone work:
Here’s an interesting case study.
This is the 10th cheapest of 77 houses for sale in Del Mar. It is a single-level house on a good culdesac with a big yard – probably the three best features you can have when it comes to selling today. It’s over the hump and in a totally different area, but the house on the corner of Via Grimaldi and Via Latina just went pending yesterday, listed for $3,250,000 – and it looks like it is about 1,000 feet away on the map.
But the listing agent confirmed today that this house is still for sale, so I told him I’d give him some extra exposure here:
P.S. The Bernardo Fire was started accidentally – here is the link:
A bird’s eye view of Del Mar:
This might be an extreme example, but with the weather so nice and rates still reasonable, buyers are always in the hunt these days. However, the wrong-pricing of new listings is evident, and likely to continue into next year:
More tidbits from around town:
A look at the estate under construction on the $4,400,000 lot on Balboa overlooking the best of Del Mar, plus other stuff, including a couple of 69s:
This neighborhood supports better quality – there are big bombers on every block. Look at the south end of this street, for example:
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Unless you are completely in love with this floor plan, wouldn’t it be better to start over?
I think we can consider this block as one of the better spots in Del Mar Heights, and an example of how a having no backyard can be mitigated – go for a walk down the street:
The listing on Forest, a 1,516sf house built in 1946 and in original condition, gets mentioned in the video below. It was listed for $2,089,000 when it went pending, and here’s its video tour: http://youtu.be/4Wh8yDkgXfU
This new house is about 1/2 mile away from Forest, as the crow flies – they had just lowered their price on Thursday from $2,325,000.