This had eight offers on it, and the price was raised to $799,000 before being marked pending today:
South Encinitas
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Month: November 2013
Half Sold Over List
From C.A.R. LOS ANGELES - More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Annual Housing...
Norris on 2014
Bruce Norris, president of The Norris Group, which hosted the event "I Survived Real Estate" that drew to 450 ticket-holders and more than 85 tuning into a live webcast and raised $90,000 for Make-A-Wish and St. Jude’s Children’s Research Hospital, said he feels...
Telephone Line – ELO
The Electric Light Orchestra released four albums during my high schools years, and was a major musical influence in the 1970's. ELO toured in 1977 with the first lazer light show I'd ever seen - and it was unforgettable. Jeff Lynne was acknowledged as the...
Encinitas Tester
One of these same one-story plans down the street listed for $629,000 on May 2nd, at the height of the frenzy. It closed for $682,000. Will the next buyer consider $682,000 an legitimate indicator of market value, or an outlier?
Random Observations
1. The frenzy re-sort is underway, as hopeful sellers wait for the lucky sale to come their way. There isn't any panic in the streets because sales remain strong, and very few sellers need to sell bad enough that they will dump on price. Besides, holding out has...
Solana Spec
Can we say that $2,000,000 doesn't go as far as it used to either:
Realtors and The Future
The N.A.R. has been releasing their annual surveys over the last couple of weeks. The big kahuna was the 2013 Profile of Homebuyers and Sellers, linked here:...
Auction By MJ
We'll see if it sells, but if it does and gets a good pop, then maybe the auction format will gain more acceptance as a preferred way to sell homes: Concierge Auctions, the auction house overseeing the sale of Michael Jordan‘s sprawling estate, has released this video...
Inventory Watch – Holiday Season
It's November, so the squeeze for quality gets tighter as many buyers check out for the holidays. Only the best buys will be getting attention. In the UNDER-$1,200,000 market, the DOM has increased 44% in the last six months as the frenzy-sorting continues: The...
