Zillow Local-Appreciation Guesses

It was in May that Zillow started guessing +1%-ish for local appreciation. Comparing their ‘typical home values’ from May to today shows a decline of roughly 2% in pricing in all zip codes over the last six months.

With sticky mortgage rates and a political circus for the ages, I’ll take it!

I’ll guess that we will get +5% in the first quarter of 2025, then back to Flat City.

NW Carlsbad – 92008

SE Carlsbad – 92009

NE Carlsbad – 92010

SW Carlsbad – 92011

Carmel Valley – 92130

Del Mar – 92014

Encinitas – 92024

La Jolla – 92037

Rancho Santa Fe – 92067

View Under A Million

Check out our new listing in Mystic Point in NE Carlsbad, priced at $950,000!

4142 Karst Rd., Carlsbad

3 br/2.5 ba, 1,509sf

YB: 2007

HOA fee = $360/mo.

LP = $950,000

Open house 12-2pm on Saturday November 23rd.

Are you looking for a turnkey townhome with gorgeous views of the dedicated open space around Lake Calaveras adjacent to the miles of hiking trails nearby? Check out our new listing in one of the best locations at the end of the culdesac in Mystic Point – the premier townhome community in NE Carlsbad! New carpet and paint, central A/C, two walk-in closets in primary, laundry room upstairs, and this home has one of the larger backyards! The long driveway allows for two additional off-street parking spaces too – four-car parking guaranteed, wow! Where else in Carlsbad can you find all of this for less than a million?

https://www.zillow.com/homedetails/4142-Karst-Rd-Carlsbad-CA-92010/79571645_zpid/

Outrageous NAR Perks

This guy fleeced realtors for years, then quit right when the trouble started:

When he became the chief executive of the National Association of Realtors seven years ago, Bob Goldberg negotiated a package of gold-plated perks.

N.A.R., the largest trade organization in the country, agreed to cover Mr. Goldberg’s membership dues for private clubs in both Chicago and Washington and a country club of his choice, including an initiation fee of up to $75,000. He would use all three clubs “primarily for business purposes,” according to the contract he negotiated with the organization.

The group would also pay for first-class airline tickets when he traveled for business and, once a month, for a round-trip first-class ticket for his wife. He was given a $1,500 monthly car allowance and $2,250 a month to cover utilities and insurance at his pied-à-terre in Chicago, where N.A.R. has its headquarters. N.A.R. even agreed to pay for a pet sitter to watch his dogs when Mr. Goldberg was away from his home outside Washington on business.

The extras came on top of his $1.2 million salary that would, according to N.A.R.’s tax returns, grow to $2.6 million in five years.

Link to free article

Inventory Watch

Nice uptick in pendings this week!

There might be a little breather around Thanksgiving but I think December should be active with rates trickling upward. New listings keep coming so buyers might as well stay engaged – who knows what you might see!

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Walking Trails in Carlsbad

The City of Carlsbad has approximately 67 miles of trails and 51 miles of open space trails, supporting a healthy active lifestyle while protecting and preserving open space for residents to enjoy.

Find trail locations throughout the city, including trails perfect for an easy scenic stroll, a challenging hike, mountain biking and beautiful views. Many trails also provide connections from neighborhoods to shops and local services.

https://www.carlsbadca.gov/departments/parks-recreation/lagoons-trails-open-space/trails

La Costa Golf Frontage!

Check out our new listing adjacent to the 4th hole at La Costa Golf Course! A classic old Hollywood custom home with large rooms and high ceilings that add charm and character to the single-level experience with primary suite and all living areas on the 1st floor! Add your final touches to this 3 br/3 ba, 2,887sf estate and create a golf showcase! Two others on the course now listed for $3,000,000+ and my listing is priced at only $1,995,000 – wow! Open 12-2pm on Friday and Saturday!

https://www.compass.com/listing/2804-la-costa-avenue-carlsbad-ca-92009/1709962586763150545/

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