My thoughts on how the spring selling season is doing so far:
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
My thoughts on how the spring selling season is doing so far:
Where would you say the most “value for your buck” is?
I would think the 800K-1M is the least value for your dollar.
Would you say the 2.5M plus homes have a better value per dollar?
Just wondering if there is a price point where things actually make sense in the traditional sense.
I think the best value is based on the blend of price and upgrades. A well-priced junker will cost you 1-2 years of your life to get it to where you want it, and if you are living there while remodeling, add a substantial hassle factor too.
They all need something, so here is my guide when searching for houses that hopefully have some upgrades and don’t need too much:
If you can find a decent house under $2,000,000 in La Jolla or Rancho Santa Fe, you can’t go wrong.
Carmel Valley = under $1,500,000.
Encinitas/Carlsbad = around $1,000,000.
But I agree with you – the best values are the turn-key quality one-story homes between $2,500,000 and $3,500,000. The higher-priced big bombers are too big – people only want to buy what they need, and there isn’t as much ego-driven demand for those over-sized homes.