Written by Jim the Realtor

April 30, 2019

Are you looking for proof that there are buyers being very patient, and are waiting in the wings until they see the perfect fit?

Consider this one, which I heard reports of receiving 18, 19 or 20 offers.  It was listed for $888,000, and closed for $1,000,000, or 13% over list price:

https://www.zillow.com/homedetails/1090-Balour-Dr-Encinitas-CA-92024/16720408_zpid/

It had the popular hot tickets – full remodel with the white/gray modern look, natural light via skylights, one-story, and garage granny flat (permits unknown).

6 Comments

  1. Brian

    Where are people getting this money? 200k annual puts you at the 1% of W2 Wage earners, with 20% down thats still a 5k a month note.

    I don’t get it.

  2. Jim the Realtor

    Buyer used a VA loan, with some down payment.

  3. B

    Wow, is $715 / sf normal? Lots of houses sell for 1mn, but that seems a mighty high premium for a tiny house close to gritty Santa Fe drive. At least you’re freeway close and walking distance to 7-11 a Carls Jr and laundromat?

  4. Jim the Realtor

    Walkable! Get a couple of 40s while doing your laundry – now that’s convenience!

  5. Jim the Realtor

    The house was 1,000sf and garage/flat was 400sf.

  6. Rob_Dawg

    Unisex urinal! Now that’s cool.

    40 years ago this was nowhere near the beach. Now it is and it isn’t sea level rise. It is revised lower expectations.

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Jim Klinge
Klinge Realty Group

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