The Deal-O-Meter gets pinged occasionally these days in Carmel Valley, but the comps are still mostly retail-like for the quality properties. The rule-of-thumb for the good ones hasn't changed, hope for $300/sf, expect $330/sf - here's part one:
When faced with having to accept an offer that's lower than expected, sellers like to think that there will always be other buyers - and there will be. But will they pay the same price....or more, later? Here's a good example. First the builder said they were going...
The "Balboa Lot" in Del Mar was purchased by Cinninati Bengal quarterback Carson Palmer, according to this article in the U-T. The sales price was $4,400,000 ($4 million + the 10% vig), and it closed on November 4th. The auctioneer was masterful in how he took the bid...
From HW: The Federal Housing Administration released approved loan limits on mortgages it would insure in 2011, leaving the ceiling unchanged at $729,750. The Economic Stimulus Act of 2008 and the Housing and Economic Recovery Act of 2008 raised the FHA loan-limit...
A double, double escrow on the same street by the same broker! The big benefit to him is to make the both sides of the commission paid by the bank on the short sale. He probably made $70,000-$80,000 total - more than the investor made flipping the re-sales. This...
Hat tip to RE for sending this along, from the U-T: The 211-acre western half of Carlsbad's Robertson Ranch has been sold for more than $30 million to Los Angeles developer Shapell Homes in a sign of a revival of home building in San Diego County. Shapell plans to...
We saw the Pacifica REO on the previous post, and here are three four other REOs around the same price point (half-million) in Encinitas. Once they are closed, they should make for excellent double-dip banter if they end up selling for well under list price. But...
Let's stop with the big bombers, and have a look at regular stock. Here's your basic starter home that is walking distance to the Encinitas Town Center, a big newer shopping center with many amenities. It sold for $660,000 in 2005, and then in 2007 is sold again -...
Hat tip to AL for sending in more on the story in Escondido. The tenant of this house has been arrested for having created a bomb factory in his residence, and now the sheriff has decided to burn the house down. The owner of the house paid $479,000 in 2005, and...
Readers have asked to break down the stats to further identify more trends. How is the market behaving at different price points? Here are the NSDCC detached quarterly stats in three price categories: 0-$700,000 Stat Type 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 # of sales...
