Leucadia Casual

by | May 31, 2024 | 1-story, Bubbleinfo TV, Leucadia

A mini-ranch in Leucadia just sold for a little over the list price. Calling this a four bedroom is a stretch, but it had enough funky-cool to be an eclectic dream home for someone. Another all-cash buy too.

One-Story Country Living!

by | Mar 22, 2024 | 1-story, Jim's Listings and Sales

Take a drive to the country and see our new listing in Vista!

685 Barsby St., Vista

3 br/2 ba, 1,891sf

YB: 1960

0.51-acre lot

LP = $899,000

SP = $926,000 – we represented the sellers

Check out this country charmer with newer kitchen and bathrooms on a spacious 1/2 acre lot with vineyard! The huge eat-in kitchen – with granite counters, walk-in pantry, and sleek two-tone cabinetry – is the center of the home, with spacious living and family rooms that all expand outside to create the ultimate indoor/outdoor experience! Hardwoods, dual-pane vinyl windows & sliders, solar, travertine, herb garden plus orange and avocado trees too! This is a hot buy!

https://www.zillow.com/homedetails/685-Barsby-St-Vista-CA-92084/16628107_zpid/

Encinitas Hilltop

by | Jan 14, 2024 | 1-story, Bubbleinfo TV, Encinitas

Not having much of an ocean view (when many of the neighbors have a full ocean view) was a little disappointing, so a slight discount might have been in order along with a nice easy cash deal and a $2,000,000 profit for the seller.

One-Story, Newer, Price

by | Nov 28, 2023 | 1-story, 2024, Bubbleinfo TV, Carmel Valley, Del Mar, Solana Beach

Michele and I cruise around twice a week looking at the new listings.

I love it because I get to pontificate about the business and give her guidance like a good broker should.

She asks many great questions, and today was no exception. She had read the blog post from 2009 where I said agents should know the hot buys. She asked about the definition of a hot buy.

Today there is an easy formula to identify a hot buy:

If the number of Zillow Saves is 5% or more of the Zillow Views, it is a hot buy.

If the Zillow Saves are 7% to 10% of the Zillow Views, grab your checkbook – because it is sizzling hot.

Of course, now that I’ve divulged my tip, a few agents will manipulate the counts so if the listing agent is a known scumbag, then don’t trust their counts. You know who the scumbags are, don’t you?

We came up with another idea too.

If the house is one-story, newer, and the price is attractive, it’s a hot buy. But then we went one better.

If the house has two of the three (one-story, newer, attractive price), it’s probably a hot buy anyway.

If the list price is attractive, that is enough to power any sale, but if the price is attractive and the house is either one-story or newer it will probably be a hot buy. In 2024, a newer one-story house doesn’t even need to have an attractive price – there are so few of them that they can ask anything they want.

We saw three houses for sale today that will demonstrate my theorem. All are one-story homes that have been improved and should appeal to the maximum number of buyers – especially the seniors who have the money and will only consider a renovated one-story in a good location with some view:

For those who desire a full ocean view from both the family room AND the primary suite and can live with 1,620sf built in 1986 on a smaller lot in Carmel Valley, you can’t do much better than this for $2M:

https://www.compass.com/app/listing/13384-pantera-road-san-diego-ca-92130/1443561425642687169

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If you want a fully-renovated one-story house just east of the freeway in Solana Beach that overlooks the golf course, then this would be worth a look:

https://www.compass.com/app/listing/332-santa-helena-solana-beach-ca-92075/1451069101991133209

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Want to step it up and buy a brand-new 4,194sf one-story house with ADU in a prime Del Mar location with ocean view – and price is no object? Then this is for you, priced at $16,995,000:

https://www.compass.com/app/listing/355-bellaire-street-del-mar-ca-92014/1447350924812111265

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Why would these three list for sale now instead of waiting until next year? Well, I can’t help you with that. It is the most lucrative time ever for buyers to pause during the absolute peak wait-and-see period of all-time.

So if 1-2 of these go pending by the end of the year, it will show that the premium properties are always hot – and I wouldn’t be surprised if they all sell.

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