Category Archive: ‘Del Mar’
More tidbits from around town:
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.
This didn’t turn out so well – this owner paid $2,000,000 in 2004, then sold it for $2.25M in 2006 and carried the second mortgage.
He has since foreclosed, and now has it listed for $1,850,000:
This house had an oddball floor plan, freeway noise, and a shifty agent (the list price changed a few times and he had his sign out for at least two weeks before MLS input) but the big yard and a higher-end look propelled it to $571/sf:
This is an interesting area on the crime report. Within a mile of this address, there has been 91 crimes reported THIS YEAR (assaults, burglary, car theft, robbery, theft/larceny, and vandalism). Look at the concentration of crimes that are close to freeway access – thieves come from other areas and do the ‘grab and go’:
This looks like a deal on paper, compared to the other actives.
It is the 19th cheapest of the 76 homes for sale in 92014, where the average list price is $3,585,247. List prices average $1,246/sf:
Here are four of the nine DM houses on the broker tour today.
But I was also in search of more data and opinions on market conditions. I think we are settling in for an extended run of normalcy – where turn-key sellers of attractively-priced homes with broad appeal will be rewarded, and the rest will struggle to find a buyer without discounting.
It is the way it has always been – but because we haven’t seen much of our old friend Normal in a while, he is hard to recognize!
Frenzy conditions benefit the inferior homes – buyers get caught up in the excitement, and overpay for the fixers.