It was so great to start the tour today with Pete’s new listing on the Encinitas Ranch Golf Course whose owners succumbed to the problem at hand. They get hit by golf balls, so provide a barrier and live with it.
This is way better than the alternative where potential buyers have to wonder about the impact. Know this – when a golf ball hits your roof, it sounds like a bomb went off.
Carmel Valley has had a real shortage of inventory lately, and from what we can tell from the bidding wars on the creampuffs, there are dozens of buyers in the hunt. This closed for $3,100,000 cash, which was $115,000 over list.
How do buyers decide how much to pay over the list price? These days, the standard seems to be around +$100,000 over the list price, with a few outliers.
This is as far east as you can get in Oceanside, so it’s not really much a coastal home when it’s 4-5 miles away. But this is a great example of what is happening at the entry level of every market today!
My only thought when seeing thas property was whether Kellen Winslow Jr would affect the outcome or if whether we are beyond that now. He bought his new for $2,871,000 in 2015 and had to cheap sell it for $2,850,000 in 2019 when he got into trouble.
But even his house resold for $4,800,000 last year, so no lingering after effects, apparently.
Check out this ultimate retro-mod beach house at the quiet end of Los Robles Drive and at the highest point in Terramar, which means ocean and sunset views to the west, and flower-field views to the east! Wide-open floor plan with massive kitchen that has high ceilings and skylight, new light-tan colored hardwood floors, new roof, two fireplaces, bedroom/bath on ground floor, killer primary suite with big walk-in closet, and a fantastic backyard with sauna too! Forget those three-story sterile boxes – come dig this ultra-cool beach classic and enjoy the sights and sounds of the liquid blue enchantress just 100 yards away! Plus you have the private Terramar landing on Shore Drive too (last two photos).
If you prefer a single-level, this is for sale down the street: LINK
Above are the 2024 listings that have already closed escrow in Carmel Valley – it’s very competitive.
We’re heading into a new era where buyer-agents will be appreciated less than ever, if at all.
Consider this – in a bidding war where the sellers listing agent will be choosing between similar offers, won’t having a solid, reputable buyer’s agent on your side be helpful?
Not only will the buyer get strategic advice on making a more-lucrative offer, but the buyer-agent’s reputation will also play a role in the outcome. The listing agent will want to select a deal that has the best chance of closing easily, and their comfort and familarity with the buyer-agent will make a difference here in a tight race!
Earlier today we saw how $2,000,000 sure doesn’t go as far as it used to. Once you think your home’s value is above $1,500,000, it’s a quick jump to $2,000,000 – and if you go to sell it, then a net of $2,000,000 sounds even better. Buy any decent coastal house you can get your hands on for less than $2 million!
For the trivia buffs who remember that this house below has history – it sold for less than $1,000,000….3x!
Today’s list price is $2,250,000, and it’s now pending!
We can expect that the election season will be like no other in the history of the USA!
Prepare accordingly!
Can you imagine how this will play out? If Biden wins, there will be a civil war. If Trump wins, he’s promised that there will be full chaos on Day One. We can write off the 4Q24, and maybe more!