This sold for $4,488,000 after 76 days on the market, which was $400,000 under the original list price (and $100,000 under the list price at time of sale). It is the second highest-priced sale ever of an attached home on the beach in Carlsbad!
The July stats have been updated on these interactive graphs of the 92009 (SE Carlsbad), 92024 (Encinitas), and 92130 (Carmel Valley) markets: We hear how the inventory has exploded, but compare it to history: Sales during the 2022 selling season have been similar to...
There are still some head-scratchers out there. This just closed on Friday for $3,400,000 - which was $10,000 over list - but it looks like a fixer inside and out compared to the only other Bressi Ranch house to sell above $3,000,000:
Even if there was a concerted effort to inform the public that mortgage rates are in the 4s (with jumbos in the mid-4s!), it is probably too late in the season to revive much enthusiasm with home buyers. But there are still people in the hunt. Last week's count of new...
The 3,743sf active listing across the street has been listed for sale at $2,350,000 since June 10th - but still unsold. Next door to it was a 4,398sf sale that closed on June 21st for $2,385,000 (it was a rental and needed work). It was on the market for 28 days...
Now that buyers are being more cautious, we've seen how important it is now for sellers to spruce up their home and list for an attractive price. A third component is to not think that there are two in the bush that are going to offer hundreds of thousands over the...
Thank you Natalie for correcting me on yesterday's blog post - the second half of 2022 is well under way! Sales won't drop to zero over the next five months because people need to buy and sell, and hopefully all will be more diligent about the process and who they...
We are into the second half of 2022. Where do we go from here? Things we can expect: Sales are dropping and will likely be lower for 1-3 years. Mortgage rates aren't going back to 3%.....but they might hang around in the 4s. Until the capital-gains tax is drastically...
The Fed did what they said they were going to do and raised their fed funds rate target by another 0.75%. What happened to mortgage rates? They went down! Read the story here. Yes the -0.01% isn't much, but didn't every casual observer think mortgage rates were going...
We just sold our listing in Davidson's Starboard neighborhood of La Costa Oaks! 7535 Circulo Sequoia, Carlsbad 5 br/3.5 ba, 4,0000sf YB: 2005 SP = $2,250,000 - we represented the sellers. This newer Davidson Plan 2 has over $100,000 in custom upgrades! The...
