This house in Carmel Valley was listed since May, 2011, and by the end of the year the price was down to $999,000 – but no takers. They went off-market for renovations in February and March, 2012, and came back on priced at $1,150,000. After 25 days, it went pending!
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
- (858) 997-3801 call or text
CA DRE #01527365, CA DRE #00873197
Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association. https://www.inman.com/2022/06/22/demand-rebounds-as-mortgage-rates-retreat-from-2022-peak/
Mortgage Rates are down from 6.28% just two weeks ago. https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed
This will set the new price record in town for non-oceanfront homes (current record is $5.9 million). Andrew White, who starred in HGTV's "Hot Properties: San Diego," has listed his roughly 11,000-square-foot Carlsbad home for $14.95 million. https://www.wsj.com/articles/hgtvs-andrew-white-lists-san-diego-area-home-for-14-95-million-11656452176?st=oqusbizfr5nz73w&reflink=desktopwebshare_twitter via @WSJ