Carmel Valley High-Enders

by | Mar 7, 2012 | Bubbleinfo TV, Carmel Valley, Frenzy, Market Buzz | 7 comments

A few scattered sales doesn’t make a market, but they can sure give sellers hope:

7 Comments

  2. College Joe
    College Joe on March 7, 2012 at 10:06 pm

    $1.7M is ridiculous. The pool takes up the entire yard, you have jets flying by, your neighbor is RIGHT by you and you have “regular upgrades.”

    I just don’t see how that’s worth $1.7M. You could get the house on Phoebe (one block from Neptune!) for less than that. Same type of house, right at the beach. And instead of listening to road noise, you’re listening to the ocean.

    The market really is freaky. I’m still trying to figure this video you did:

    http://www.youtube.com/watch?v=j8r1D6w6YWA&context=C4e785a0ADvjVQa1PpcFOr44MsRJDN28C5GqeMdM6jRly_LgAEDzo=

    I still don’t get it. How is there a spread THAT big both in Carlsbad and CV? For basically the same type of house?

  3. giving up
    giving up on March 7, 2012 at 10:47 pm

    I wonder if these big sales could be potential frauds, like the one I heard in FL real estate fraud ring flipping huge gains.

    In any case, I am about spend trying to reason and wade through the market. It seems the Fed is determined to throw bodies into the grinders to keep the housing price up – however long it takes. I’ve pretty much given up on a sound RE market and just may throw myself into the grinder.

  4. Ocrenter
    Ocrenter on March 8, 2012 at 6:53 am

    Checked out the interior pics. I do have to say it showed very well. All the necessary upgrades were done. I do have to agree the upgrades were not necessarily top of the line stuff. Zillow’s zestimate actually got the price pretty nicely. It does have a big yard by CV standard.

    Essentially Carmel valley back up to bubble era pricing.

    I still don’t see the point. Other areas make a lot more sense.

  5. Hillbillie
    Hillbillie on March 8, 2012 at 8:31 am

    Just wonder whether canyon views or proximity to open spaces, pretty as they are, limit homeowner insurance choices in San Diego. That was our experience when we bought in a “high fire” area up the coast. It’s a quick walk into downtown, but our property includes a canyon and many companies would not even quote us for a policy.

  6. just sayin'
    just sayin' on March 8, 2012 at 9:05 am

    Hillbillie – yes harder and more expensive to get insurance for home on canyon in SD (CV area)

  7. CHR
    CHR on March 8, 2012 at 2:33 pm

    Here’s another prime canyon view lot home in 92130 on Three Canyon Pl that came on the market last week.
    http://www.redfin.com/CA/San-Diego/12830-Three-Canyons-Pt-92130/home/40314883
    Short sale listing (by out of town agent who doesn’t answer phone) dramatically under priced at $1,250,000 to $1,500,000 that went into pending status in hours. I showed the property twice last Thursday and there was a constant stream of people there. To get a response I emailed agent that my client wanted to make a full priced all cash offer … their response was “send it over.”
    Same agent and same story on this property in Pacific Ridge.
    http://www.redfin.com/CA/San-Diego/5607-Greenshade-Rd-92121/home/4596429

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