Let’s review on some of the more-interesting closings this month:

5167 Los Robles, Carlsbad

2 br/2 ba, 1,468sf

LP: $875,000  10/19/08

SP: $696,000   4/1/09

YB: 1952

DOM: 95


This is the impeccably-maintained but all-original beach bungalow in Terramar.  The listing agent from Escondido had a small stake in the outcome, but most of the estate’s proceeds went to the zoo.  The agent must not have been too concerned about the monkeys, because not only did he dump on price, he also paid one point plus $10,000 of the buyer’s closing costs.  A similar house across the street just listed for $899,000, and has two offers in.


27226 Sage Brush Trail, Valley Center

5 br/4.5 ba 4,469sf  2.02acres

SP: $927,500  11/7/05

LP: $579,900  12/22/08  REO

SP: $485,000   4/13/09  (48% off-peak)

YB: 2005


First Place award for worst curb appeal of any house I’ve ever sold.


3221 Celinda, Carlsbad

4 br/3 ba, 2,313sf

SP: $760,000 3/26/07 100% fin

LP: $511,900 10/24/08  REO

SP: $515,000  4/1/09

YB: 1987


This had several offers and fell out of escrow 2-3 times over the last six months, but finally closed at 32% below last sales price.  Here’s a video tour: http://www.youtube.com/watch?v=pfC1k3zIag8


3234 Avenida Del Alba, Carlsbad

4 br/3 ba, 3,265sf

SP: $710,000  10/21/03

LP: $799,000-$849,000  2/24/09

SP: $785,000  4/8/09

YB: 2003


The last sale of this model closed at $949,000 on March 12th, and boom, three weeks later this one sells for $164,000 less.  An example of how an original owner can undercut the masses and get out, and leave everyone else wondering what happened.  Future buyers gravitate to a comp-killer like this, yet sellers want to ignore them.

The neighborhood is Arroyo Vista, which is in the prime Encinitas School District too, not some foo-foo Aviara-close tract or a house in the San Marcos School District.


3225 Country Rose, Olivenhain

5 br/4 ba 3,538sf  2.0 acres

SP: $1,530,000  5/28/03

LP: $1,595,000  3/20/09

SP: $1,660,000  4/2/09

DOM = 6


The seller had invested $300,000 into the tricked-out pool and landscaping, but didn’t expect to recoup much of it, listing for a reasonable $1.595 million.  They had 10-12 offers.  Note that these were Shea tract homes when built in 1989.


5856 Lago Lindo, Rancho Santa Fe

3 br/5 ba, 4,764sf  1.83 acres

LP: $1,495,000  7/1/08

SP: $1,150,000  4/3/09

YB: 1968

DOM = 217


This is good news for those who remember when you could get a prime Covenant location for around a million dollars – it appears that those days are coming back!


10560 Abalone Landing, Carmel Valley

4 br/3 ba  2,926sf

LP: $899,000  2/25/09

SP: $900,000  4/10/09

YB: 2003

DOM = 3

Last year a 3,000sf house that listed under $1 million would sell quickly – now the bar is down around $900,000.  Glacier-like price movement in 92130, but not a ton selling either, with 131 of 219 active listings being over $1,000,000, and only three closed over a million dollars in April so far.


Pin It on Pinterest