The Brady Bunch House

by | May 25, 2023 | Historic Homes, Interesting Houses | 3 comments

Once in a lifetime opportunity to own one of the most iconic single family residences in the world.

Meticulously rebuilt and designed to replicate the set of the home from the beloved 1970s sitcom The Brady Bunch. Reportedly it is the 2nd most photographed home in the USA after the White House. Own a piece of pop culture history and pay homage to American sitcom television. From the infamous staircase that anchors the home, to the bright orange formica kitchen counters, to the blue bunk beds and pink twin beds, and let’s not forget about the groovy attic. The possibilities are endless for you to enjoy this spacious 5,000+ square foot home on a sprawling 12,000 SF lot with citrus trees lining the yard. The quaint tree lined street backs up to the Los Angeles River in a prime Studio City location. The architectural mid-century home has soaring ceilings, big windows and sliding glass doors which fill the space with natural light. Curated furnishings and accessories are included in the sale and will take you back in time to a unique era. This is a collector’s dream. What would you expect from an architect’s home? Fireplaces and some appliances/Fixtures are decorative only.  Listed with Compass for $5,500,000.

https://www.compass.com/app/listing/11222-dilling-street-studio-city-ca-91602/1318113637205466977

New Normal for NSDCC Listings

by | May 25, 2023 | Jim's Take on the Market, North County Coastal

Yesterday we saw how the number of listings has been dropping in San Diego County. Here’s a look at our favorite market – detached-homes between La Jolla-to-Carlsbad:

*The 64% is the percentage of 1Q23 listings that have closed escrow – more will be added, but the percentage will probably stay in 60s.

It looks like we’re going back to the good old days when there were big spreads between the median LP and median SP, and about a third of the listings not selling – in spite of having half as many listings!

(this year’s listings count should get up to around 1,100, but still scary low)

Tiny-House Kits

by | May 25, 2023 | ADU

Hat tip to ‘just some guy’ for sending in this ADU update – an excerpt:

For Millstone, making her ADU feel like part of the community was key. Small touches, such as tiling, hark back to the area’s Latino roots, while native California plants and materials are showcased. Although the ADU occupies a relatively small footprint of 650 square feet, high ceilings and carved terra cotta breeze blocks give it a roomy look and allow for airflow. She shares the space with her two little dogs, Stevie Nicks and Lindsey Buckingham.

Millstone hasn’t yet rented out the main house on her property. But she estimates that when she does put it on the market for full rental value she can easily pull in around $5,000 per month.

The ADU is separated from the main house by a small driveway and some bushes, making it feel like a separate residence. “It’s ideal,” Millstone said.

Link to Full Article

The article says it takes $300,000 to build an ADU, and I haven’t heard of any being built around here for under $100,000. But now you can buy an ADU kit for less than $40,000:

https://www.elledecor.com/design-decorate/trends/g14530560/tiny-houses-amazon/

Tina Turner, RIP

by | May 24, 2023 | Wednesday Rock Blogging

It’s probably hard to believe that this old desert rat is a fan of Broadway musicals, but since Kayla moved to NYC we have frequented a number of plays when we visit.

One of the best was Tina, the Tina Turner Story, which is coming to the San Diego Civic Center at the end of July this year. The music is fantastic and the appreciation for Tina’s life is worth seeing if you get a chance.

Here she is in 1993:

Fewer Sales To Continue

by | May 24, 2023 | Jim's Take on the Market | 6 comments

There will be more headlines about home sales being down – way down – and people might wonder if it means anything. Not really – it’s because there are fewer homes for sale.

It looks like it will continue too.

Last year in San Diego County there were 2,686 detached-home listings in May, and this month we’ve only had 1,114 with a week to go. In May, 2019 there were 3,559 listings!

Can sellers price it in?

Mortgage rates hit 7% again yesterday (with no points), and it’s doubtful that they will come down much once the debt crisis is solved. It’s going to be easy for potential home buyers to pack it in earlier than usual this year and the summer market is likely to be squishy – at best.

Stay tuned!

What’s Working For Me

by | May 23, 2023 | 2023, Carlsbad, Why You Should List With Jim, Zillow | 9 comments

We received three offers on our new listing, and all were around $2,000,000….well under the list price.

Once you get over $2,000,000, the buyers are putting up some fight.

If the only strategy is to take the best offer – by far the most popular realtor strategy – what do you do? Just select your favorite $2,000,000 agent with biggest down payment and shortest escrow? Or wait another week (or more) and hope there are two in the bush?

Those are the only two choices being employed all around the county. Home sellers have no idea how much money they are leaving on the table – and neither do the agents. It doesn’t occur to anybody that there is any other way to transact.

Spruce them up the best you can. Do the open-house extravaganza. Then counter ALL offerors for their highest-and-best…..and then tell everyone the current high price, and ask them to beat it. When faced with losing the house, buyers are much more likely to keep bidding.

I haven’t found any other agent who does it this way, but I hope they are out there.

I had the sellers agree to raise our list price to the agreed-upon sales price in order to send a message to the rest of the marketplace.  I don’t want any of the other listings nearby to drop their price, and I want to be supportive to other buyers in general that the market is fine. Three of the La Costa Valley Six listings have gone pending in the last week!

One more note. When possible, I want to pick the winner on Day Four – it is the peak of the buyer urgency, and interest drops off quickly.  Once a listing is more than a month old, buyers are going to lowball – why would you want to be in that predictament? Look how the views taper off:

When the saves are running around 5% of the total views, the online presentation is being well-received. Buyers must like the location, the photos, and the price to want to save another Zillow listing!

Real Estate Videos

by | May 22, 2023 | About Kayla

Kayla was in town over the weekend for a wedding of one of her high-school friends, and her & Mom created some content together before she left tonight! Stay tuned for the full videos!

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