Carmel Valley is known to have plenty of drab, older tract houses that lack the snappy look that buyers expect when paying upwards of $2 million dollars.
But when a fully remodeled home comes on the market, buyers take notice. There were multiple offers on this one, and it closed for $51,000 over its $1,699,000 list price. It is the highest price ever on this street by +11%:
It looks like San Diego County is #1 among the higher-end locations!
We’re probably at the top of the Too-Nice-To-Leave list too, which helps – and should keep our market stable. If sellers can’t get their price this year, they will wait-and-see what next year will bring!
Going to work at Compass came with expectations of high-tech, big-game, etc. on my part, but underneath it all has been a quiet and humble fit for us among the family of experienced agents who appreciate being on the right team.
All three recipients today (Donna on our behalf) mentioned how it felt like we are in the right place, at the right time with a brokerage who cares.
In one of the most curious things I have ever seen in my career as a realtor, Compass doesn’t award agents based on production. In truth, it kind of bugs me because competition is what drives me.
Instead, what is rewarded is those who champion the culture of being a team player, which is commendable.
You can probably guess that Donna had everything to do with this recognition, and it’s true. She is the ultimate team player, and deserves to be recognized by the staff of Compass for this honor. Thank you team!
If you haven’t decided where to move yet, and want to check out options that give more flexibility, here are some ideas – though all cost around $150,000:
It appears that buyers are being more patient in 2019 – the median days-on-market is 11 days slower this year:
NSDCC Detached-Homes Sales Between Jan 1 – Apr 10
Year
# of Sales
Median SP
Median DOM
2018
660
$1,310,112
17
2019
617
$1,293,691
28
I had three different couples at open house yesterday who told me that if their home would just sell, they’d be in position to buy!
Hopefully we’ll see a surge in the next 1-2 months now that Tiger won. Speaking of Tiger, the San Diego Case-Shiller Index has risen 246% since he won his first Masters in April, 1997.
We’re creating a new website that will have features on each community, so new photos were needed to accompany. Here are the La Jolla pics that didn’t make the cut, but I thought were still blog-worthy: