Realtors are known to comfort buyers who have lost a bidding war by saying, “There will be others”.

But will there be?

Especially for those at the entry level of every market….where the action is the hottest.

Above are the NINE houses that sold under a million dollars between La Jolla and Carlsbad in 2022. Those on the list with a street name that starts with Don are mobile homes in Rancho Carlsbad – which by itself might make you scratch your head when you see mobiles selling for as much as $830,000!

It’s early in the new year, and of course everyone thinks that home prices are coming down fast so this problem will be cured shortly (NOT!).

So far in 2023, this is the ONLY listing of a NSDCC detached-home priced under $1,000,000:

Oh, you want a decent home too? It’s even worse for the picky buyers.

Buyers can expect that pricing of decent entry-level homes this spring will start around these numbers:

Carlsbad: $1,250,000

Encinitas: $1,350,000

Carmel Valley: $1,800,000

RSF, Solana Beach, Del Mar, La Jolla: $2,000,000+

And good luck getting your hands on one!

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, which began in September, 2005. Stick around!

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