Encinitas Ranch Second Time

Written by Jim the Realtor

March 29, 2023

This is the single-level home that sold in February, 2022 for a million over the $2.5 million list price (set deliberately low by the seller). The buyer passed away, unfortunately, and their heirs listed it a year later for $2,900,000. The listing agent (who lives in the ER) also set his list price attractively low and got it bid up to $3,200,000 this time.

While the casual observer would deduce that prices have come down 9% in the last year, you have to wonder if the buyer had to pay as much as $3,500,000 to win it last year – or if that was a random plunge.

0 Comments

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

Are you looking for an experienced agent to help you buy or sell a home?

Contact Jim the Realtor!

CA DRE #01527365CA DRE #00873197

Pin It on Pinterest