Just when you think the market might be slipping into a holiday malaise…and a new listing might go undetected……this Encinitas home hit the MLS on Thursday for $539,000 (map)


It’s a standard 3 br/2 ba, 1,421 sf one-story house being sold by the original owner – and it looks a lot like it did in 1976.  About all the listing agent could come up with for listing remarks was this: “Recessed lights. Central Air. Window sill moldings. Security system. Spacious grassy back yard. Gas line for BBQ.”

There is a great comp four doors down on the same side of the street; the 1,633 sf model just closed for $493,500 ten days ago.  But those sellers were relative newcomers; they had only been there 24 years – and the house looked remarkably similar:


My buyers and I see the new listing on Friday afternoon, and it’s obvious that the rain is coming – but that doesn’t stop the lookers; two other parties come by while we are there.  The razor-thin inventory in this price range causes us to think it could be competitive, so we offer full price with 20% down, close in 30 days or however long the seller needs.

An inch-and-a-half of rain later, there are five offers, and we lose out.

It’s going to be an exciting 2012!

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