I think you can still rely on the same markers we’ve used over the last year:
You did pretty good these days if you bought a quality house in Carlsbad for around $250/sf, and in Carmel Valley for $300/sf.
Today’s averages for April, 2010 detached closings are $285/sf for 67 sales in Carlsbad, and $342/sf for 24 sales in Carmel Valley. We’re pushing to buy at 10% or more below the average.
Here are some recent examples around Carlsbad:
Non-paying tenant. Lovely.
Also, my biggest pet peeve in SoCal is the pool that takes up the entire back yard. What a waste.
What’s the saying? A fool and his money are soon parted?
Double dip recession will make buyers look foolish
What’s your target price per square foot for a buyer in Encinitas (west of El Camino Real)?
wow Jim, I’m just shaking my head at these prices…
maybe you already covered this one in RSF, what’s the story behind this:
http://www.sdlookup.com/MLS-080076823-7819_Camino_De_La_Dora_Rancho_Santa_Fe_CA_92067
the 400k diff between those two houses in the bay collection, well you’d have to go inside both to understand – two totally different properties! I understand the location is the same and behind on/behind Crystalline sucks rotten eggs, but that house that sold for 1.380 on Heron was absolutely beautiful! The one on Crystalline, not so much. I think the nicer stuff is in La Costa.