Remember the top-of-the-hill Del Mar lot that was auctioned off for $4,000,000, and then they added the 10% vig?
Category Archive: ‘Del Mar’
The OC Register is reporting that million-dollar sales in Orange County are down 12% this mid-summer. We’re watching the sales counts closely, because we know that is the leading indicator for the market.
How about our north county coastal region?
The OCR only looked at zip codes that had a $1,000,000 median sales price, which in our case, excludes all four zips in Carlsbad.
Here are the stats on the Encinitas-to-La Jolla sales over $1,000,000 (where 91% of the active listings today are over $1M) between July 13th and August 11th:
Our $1M sales count was up 9% YoY, instead of down – yippee! But nobody in this market should get giddy about pricing in general – it is flat, at best.
Almost $2 million for 2br/2ba, 1,468sf – and worth it!
Now that Spence has been featured on every major media outlet as the prince of real estate, the stuff in his book carries more weight – whether it’s true or not. He makes the point at every stop that Starbucks is good for real estate values, so…….
The owners of the Beachside Del Mar also own the Del Mar Highlands Town Center.
We saw this house back in June of 2013 – here’s an update, and a realistic view of Del Mar values:
The whole crew will be at 2460 Oakridge Cove today – come by 12-3pm!
Here’s my new listing at the north end of Del Mar Heights, listed for $1,650,000. Kayla and I will be there both days this weekend, 12-3pm, for the open house extravaganza! If you are thinking of moving and wonder how we can help, this is a good chance to see how we work – come on by:
Come by this weekend!