High-end oceanfront living in Solana Beach!
Category Archive: ‘Solana Beach’
I mentioned in this video the bucket list Top Five vehicles – here’s my list:
1979 Cadillac Seville, had this one for a couple of years, shouldn’t have sold it.
1953 Willy’s CJ3B. It had the original flathead four-banger engine that could crawl over anything. We changed that out for a Chevy 283V8. Rolled it two different times, no one killed. We built a big cake around it and cruised the last Fullerton homecoming parade like in Animal House (they cancelled the football program the next year). It was also the ride I was driving when I met my wife – I borrowed my dad’s car to take her to Bobs.
1958 Cadillac Convertible – with the big fins! One of the few decent things done by the Padres when they gave Trevor this one as they retired his number 51. The 1959 version is great too.
1969 Chevrolet Camaro SS Convertible – Indy Pace Car. A staple on favorite-lists everywhere and mine made a little more special when John Doe and Exene drove up in one when they played at Fullerton.
The fifth is seen at the end of this video:
I told the listing agent that her list price was perfect on this 1927 classic – let everyone have a crack at it, and have the market decide what it’s worth!
The list price was $935,000.
She got 16 offers, and it closed for $1,140,000 cash!
Most national forecasts are predicting a 3% to 4% appreciation rate for 2016, which has to be a safe bet. If it comes in anywhere from -2% to +8%, you can say that you were close.
Zillow has enough algorithms that they are willing to make predictions for each local area. They have conflicting numbers, depending on where you look on their website – these are from the Home Values section:
You can see that Zillow was less optimistic last year too. Most were predicting that mortgage rates would be in the mid-4s by now, so the lower rates in 2015 helped fuel higher-than-expected prices. Could rates stay right where they are? Maybe, but both Zillow and I think the euphoria will die down next year:
Zillow Price-Appreciation Predictions
For some reason, Zillow is also labeling each market from Warm to Very Cold. The labels don’t seem to correspond to the predictions, so I don’t know their intent – are they just trying to tell you to put on a sweater?
How will buyers feel about getting worked over for that last 2% to 3% when they see they are in a ‘Very Cold’ market?
Here I describe some of the details of how the sale went down on Glenmont in Solana Beach, which listed for $1,499,000 on January 8th. Not every agent operates this way – many will just grab a cash offer and go for the easy close. But I prefer to go all out:
Here’s the audio update on our progress in Solana Beach.
While I think listing-for-an-attractive-price-to-induce-a-bidding-war is the best strategy to sell houses, it only works if you can run an effective bidding war:
Kayla had a good experience today:
Doesn’t that price seem a little low, Jim? Well, this is one of the rare times that I have previous experience with this house in virtual the same condition many years later, and all I know is that the price was wrong previously.