There are few homes that have been meticulously designed and maintained by their owners – at any price. This is one of them:
Category Archive: ‘One-Story’
What could really boost the market further would be if we had more new or newer single-story homes for sale. Baby-boomers would be much more likely to ditch the older two-story family estates and glide into a ready-set single story home – if there was just an easy exit.
If you wanted a new house under $500,000, how about Las Vegas? The home above is in Summerlin, and I’ve been there. It is a great alternative for those who don’t mind the heat!
Or if you insist on San Diego County, but might go to the outskirts?
Here are one-story new-home options for you locally:
Plus, this is the Pardee tract they sold off to Toll:
True, in order to downsize, most sellers need to leave town, but at least there are some new-home options to consider nearby.
The folks at the 55-and-over Auberge near Santaluz just wrapped up sales of their brand-new one-story homes, and it would be a good place to look for resales. Here is a tour of the Plan 3 model, which one of my buyers purchased:
This house was built in 2013 and has the master suite downstairs, with other bedrooms up – which isn’t as popular as you might think.
The older buyers who want a one-story think these are more house than they need, and the families with infants aren’t gung-ho about the kids being on a different floor.
This sold in February for $1,230,000, after 77 DOM:
The other day, an appraiser mentioned to me that he had just completed a study comparing the prices of one-story houses vs. two-story.
He had done a similar study ten years ago, and found that the premium being paid for a one-story then was about 5%.
Today, he found that the premium is about 14% – more than double!
We speculated whether it would double again over the next ten years. When you consider how short the existing supply of one-story homes is today, and that builders are still addicted to the two-story model, it is pretty easy to guess the premium will increase further!
Here’s a sample of houses sold between La Jolla and Carlsbad this year.
NSDCC Houses Between 2,500sf and 3,500sf Sold 2017 YTD
|# of Stories|
You can get a better ‘deal’ on a two-story home, but as boomers get older and unload two-story houses, that market could get glutty, and the quality one-story houses be even more sought-after.
My first attempt at Facebook Live, with no warm-up.
I’ll hold the phone horizontally next time, and shoot the video out the back of the phone because this view is reversed (be patient, it rolls out slowly here):
Jim the Realtor on market conditions
Posted by bubbleinfo.com on Thursday, August 3, 2017
If you want to follow, here is the link to the Bubbleinfo Facebook page:
Looking for a newer 3,189sf one-story house at the top of the hill with commanding views for less than a million? Check out my new listing here:
Open houses: Kayla and I on Saturday, Kayla and Donna on Sunday! 12-3pm
Another video tour for an out-of-town buyer. This home was listed for $1,075,000 in September of last year, and closed for $950,000 in March, 2017. The answer to the question asked was Aviara Oaks schools:
Kayla and I will be at 7060 Via Del Charro today 12-3pm!
An authentic California Ranch on 2.79 acres in horse country! Park-like estate with a stunning single-level main house that was redesigned and extensively upgraded in 2009 – it’s like a new house! The wide-open floor plan features wood-beam ceilings, wide-plank real hardwood floors, and several sets of french doors! Pool/spa, 3-car garage, TWO detached guest houses (perfect for multi-gen), tennis court, RSF schools, & no HOA! The master suite was highly upgraded in 2016 with new steam shower, jacuzzi tub, and walk-in closet! On sewer too! Plenty of room for horse facilities with trails nearby. $2,750,000
One of the best things a buyer can do is to expand their target zone to improve their chances. Those struggling to find a new one-story home around the coast may want to consider this:
Another video with commentary for my buyers. The list price of this remodeled 3-bedroom/3 bath, 2,252sf one-story house was $899,000 – $949,000. It closed last week for $975,000: