It is a true honor to have listed for sale my favorite home of all-time! 365 Marine St., La Jolla 3 br/3.5 ba, 2,894sf YB: 2018 LP = $6,950,000 This custom contemporary was designed and carefully-crafted for over three years to be the ultimate beach house just 100...
Month: May 2022
Ask Jim
The Other Bob (TOB) suggested a blog post where he and others could ask questions. Let's do it! Leave your questions in the comment section, and I'll do my best to answer promptly. The comment section is moderated, so you will see your comment once I have a chance to...
Carlsbad Entry-Level
3780 Portland Ct., Carlsbad 92010 3 br/2 ba, 1,276sf YB: 1984 LP = $750,000 - Pending! Are you looking for a reasonably-priced home in Calavera Hills? The last two sales of this model were $850,000 and $860,000! Wonderfully refreshed and full of natural light, this...
Canyon Beauty
4474 Bertha Ct., San Diego 3 br/2 ba, 1,616sf YB: 1957 SP = $1,310,000 (we represented the buyers) This is your chance to own a piece of paradise. With views that overlook the Tecolote Canyon, this home is perfect for those who love nature and want to enjoy the...
The Slow Unwind – Fewer Sales
There is rampant speculation that home prices must come down to compensate for higher rates. But there is another solution. Fewer sales. We learned a couple of lessons during the peak covid days: Sellers don't have to sell - they can wait it out. When they do, the...
Austin Crazy
You think it's bad here? Hat tip to ML for sending this in!
The Slow Unwind – The Pricing Gap
The new market conditions will bear some resemblance to the past, but to believe that real estate sales will be 'getting back to normal' some day would be full of false hope. Rob Dawg said it long ago - we need to abandon all previous assumptions. Let's start with...
$6,000,000 Burnout
With the Crescent House now on the market for $23.5 million, you can't really blame the sellers of this property for asking $6 million (lot size is 9,730sf): https://www.compass.com/app/listing/1478-neptune-avenue-encinitas-ca-92024/1048694367041065425
The Slow Unwind – Quality of Inventory
I mentioned that we could be seeing a pause in the market, and for prospective home buyers, there are plenty of reasons to take a rest: Mortgage rates starting with a 5, not a three. The S&P 500 and Dow are down 15.9% and 11.3%, year-to-date. The list prices of...
Encinitas Ranch Discount
For those who have been waiting for prices to tumble, here you go! This listed for $3,545,000 in January right when there was a flurry of $3,000,00-ish listings in and out of Encinitas Ranch. It took 76 days to finally find the buyer for this one - and it did close at...