Night Before

Once things cool down, this is what it’s like (above).

But the open-house extravaganza starts tomorrow at noon, and I like my chances!

It’s been shown four times by agents already, and a fifth couple rolled up when I was there today. Though they have an agent, I spent 30 minutes with them in hopes it might be the right fit.

We have everything going in our favor, and so far no one has complained about the price. For those paying attention, this extra height makes a big difference:

Sequoia Pro Video

Homes on Carlsbad Blvd. north of Tamarack are at street level and those residents are looking through car windows to see the ocean – and it’s a sliver, relatively, compared the view from our listing. Our building is 25 feet above the street, and set back another 20 feet so any road noise is manageable.  You barely see the cars passing by, and out of sight is out of mind.

Our New Listing at Tamarack Beach

Check out our new listing at 111 Sequoia in Carlsbad! Enjoy spectacular ocean views from this highly-upgraded single-level home with no stairs!  New kitchen, new baths, new flooring, new paint – just bring your toothbrush and enjoy the sunsets.  Lie-down ocean view from master bedroom. This has south-facing windows for plenty of natural light too – a fantastic opportunity to live at the beach!

111 Sequoia Ave., Unit C, Carlsbad

2 br/2 ba, 1,478sf

LP = $1,295,000

Open house 12-3pm Saturday & Sunday, March 7th and 8th.

Link to Zillow listing

What’s Hot

We noted how there aren’t many of the newer one-story houses for sale.

When they do hit the open market, they tend to blow out – three of the last four sales of this 2,100sf plan in Santa Fe Trails in Carlsbad have sold over list price.  The previous high sale of this model was $1,100,000 in 2018, so they listed this one on the range $1,125,000 – $1,150,000, figuring they could get a little more:

https://www.compass.com/listing/3412-camino-largo-carlsbad-ca-92009/441432253076395113/

Four days later they opened escrow for $1,225,000 cash, and closed three weeks later!

State Street Commons

The Carlsbad Village Antique Mall was 14,630sf on a 7/10-acre lot.  The new owners paid $7,525,000 in August, 2019 (the sellers had paid $1,450,000 in 1999) and plan to increase the square footage by 44%.  Hopefully there will be plenty of on-site parking!

2742-52 STATE STREET. CARLSBAD, CA.

State Street Commons is an adaptive reuse and major renovation of the antique mall in the heart of Carlsbad Village. The project will pay tribute to the architectural character of the two butler frame buildings and quonset hut. The project consists of approximately 21,000 sf on a 30,350 sf parcel a couple blocks from the Pacific Ocean and directly across from the transit station. The vibrant mixed use project will house top tier retail and office tenants.

https://www.fabricinvestments.com/state-street-commons

Carlsbad Calavera

Here’s is a good example of how fuzzy the pricing can get in any one era.

This house was on the market for a couple of months before it sold, and the week it went pending, there was a second house nearby that had tried to sell for all on 2019 with no luck. They cancelled right before Christmas while listed for $940,000, and then came back on for the same price on January 21st and sold the first day for $950,000.

This had been listed for $964,000, and closed for $935,000:

Median Sales Prices by Area

It’s been ten years since the bottom of the market.

Let’s see how the annual median-sales-prices of detached-homes have changed:

Town or Area
Zip Code
2009
2014
2019
10yr % chg
Cardiff
92007
$785,000
$1,180,000
$1,408,000
+79%
NW Carlsbad
92008
$587,000
$740,000
$999,500
+70%
SE Carlsbad
92009
$690,000
$825,000
$1,085,000
+56%
NE Carlsbad
92010
$528,750
$650,000
$830,000
+57%
SW Carlsbad
92011
$696,500
$850,000
$1,113,050
+60%
Carmel Valley
92130
$855,000
$1,090,000
$1,345,000
+57%
Del Mar
92014
$1,350,000
$1,625,000
$2,000,000
+48%
Encinitas
92024
$720,000
$955,000
$1,409,000
+96%
La Jolla
92037
$1,450,000
$1,640,000
$2,100,000
+45%
RSF
92067
$2,325,000
$2,476,596
$2,550,000
+10%
Solana Beach
92075
$1,075,000
$1,326,000
$1,462,500
+36%
NSDCC MSP
All Above
$815,000
$1,013,000
$1,325,000
+63%
NSDCC Sales
All Above
2,204
2,813
2,801
+27%

Takeaways?

  1. Everywhere’s a million!
  2. Most areas had their median sales price rise more in the second half (2014-2019).
  3. The number of sales is very impressive, given the run-up in pricing (we had 2,781 sales in 2018).
  4. Pricing in the Ranch has averaged +1% per year, which proves we can live with flat pricing for 5-10 years.
  5. Encinitas is less like Carlsbad and more like its ritzy neighbors to the south. Maybe it’s the culture?

https://encinitasca.gov/Home/City-Calendar/ctl/ViewEvent/mid/774/OccuranceId/3336

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