The sellers paid $1,680,000 in July. They sold for $2,075,000 on Nov 3rd: It sold for $574,000 when new in 1998.
Flipping Tract Houses
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Year: 2021
NSDCC Market Conditions, 2022
https://www.calculatedriskblog.com/2021/11/2nd-look-at-local-housing-markets-in.html Our drop in inventory is the most pronounced of any area in the country. During the previous peaks in pricing, more homeowners would gladly sell for a record price.....and parlay...
Most Expensive Zip Codes
Hat tip to my sister Kathy for sending this in! Rancho Santa Fe is up to #18 with a 26% YoY increase in median sales price: https://www.propertyshark.com/Real-Estate-Reports/most-expensive-zip-codes-in-the-us
Carmel Valley Pardee
They took a little less than the list price here, but it still sold for $4,300,000 - which was $1,821,500 more than the sellers paid in July, 2019:
MBA Pricing Forecast
This forecast suggests that prices would still be cooking in 1Q22, but once the spring selling season gets rolling, the median prices will level off? It would take a flood of inventory to pull that off. They blame rising rates, but when that happens it usually causes...
Downtown Carlsbad Sale
Another bummer for those who value the quaint old downtown - especially the donut lovers! A multi-tenant retail center in Carlsbad Village has been sold for $7.36 million, according to brokerage officials. Benchmark Pacific Ltd. II, represented by Commercial Asset...
Carlsbad MCM
This 1964-built single-story home listed for $1,249,000 - the buyer paid $1,500,000 cash.
Ivy Again
There have been several sound bites lately about the prognosticator who called the last bubble - and at first glance, the headlines want you to think that she is calling the top again. But she's not - all she said was that housing production is going full steam - an...
Inventory Watch
Last year at this time there were 272 active listings of detached homes priced under $3,000,000. Today, there are 89. Of those, there are only 47 active listings under $2,000,000. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under...
Saturday Open House Report
Yesterday's open house ended up being anti-climatic once a motivated buyer adopted the swamp-the-boat strategy, which I highly recommend. We had five offers by the end of Friday, and could have generated another 5-10 offers easily and probably ended up at, or close,...
