This sold for $6,000,000 cash (5% over list) and 7-day escrow:
Neptune With Stairs
by Jim the Realtor | Mar 24, 2022 | Encinitas, Leucadia, Oceanfront | 3 comments
by Jim the Realtor | Mar 24, 2022 | Encinitas, Leucadia, Oceanfront | 3 comments
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I continue to believe Q4 was the bottom of the real estate market.
We continue to see more foot traffic at open houses and multiple offers. With mortgage rates now at a 2 month low, I’m optimistic we’re going to see a healthy spring market.
Sources close to the DSG have notified us that San Diego Padres Superstar Juan Soto has purchased a house in a gated community in Coronado.
To us, it seems like something someone who wants to spend the rest of their lives in San Diego would do.
Extension coming soon?
I bought a house summer of 22 for 375k. I became friends w/ the seller and stayed in touch.
After he sold, he built a house a couple miles away worth $1.2MM. I asked him how and he said he has like 5 LLCs that received PPP “loans” that were mostly forgiven lmao.
Serious big ball buyer!
Rising rates didn’t bother him!
Just another example of Zillow having NO CLUE about the value of local real estate. They’re a lagging indicator and either are clueless or an active participant in suppressing the value of properties at least to the unknowledgeable (Brokers and the public).
Zillow was forced to raise their Guess-timate by over $2.3 MILLION on that property in the last 30 days.