Once upon a time Carlsbad was a sleepy little beachside town, but now big money is taking over. Here’s a tour of projects being discussed on the street:
Here are the histories, and forecasts, of our local Zillow Home-Value-Index for each area:
They are forecasting flat or declining prices in three of our larger areas – and they are also predicting a drop-off in values as the selling season will be getting underway in March, 2020 (which sounds far-fetched).
Their track record hasn’t been that great though. Here is their Carlsbad prediction in December, 2015, when they expected a 1.9% increase for 2016 – the actual was +7%:
The Carlsbad HVI has risen 19% since the beginning of 2016!
Can we agree on one likelihood? Prices probably won’t be going up much in the next year or two.
Trendy one-story homes with no HOA or Mello-Roos are a hot ticket:
Kelli Miller of Compass allowed me to video her new listing of a Plan Three, 4,398sf view home in La Costa Oaks, priced at $1,999,919:
Update: Went pending in four days!
Realtors, get your listings on Bubbleinfo TV!!
This is what you get at the low-end of the price curve for Carlsbad detached homes in the Encinitas school district – a 3br/2ba, 1,453sf home.
It closed for $750,000, which was $5,000 over list for a detached condo:
From the Reader:Link to Full Article
Now that Robertson Ranch is sold out, the remaining new homes are the smaller infill projects built on the former flower fields around town.
This one has the separate (and rentable) 524sf granny flat upstairs with no direct connection to the house. The sale closed this week for $1,424,969.
I’d love to see more projects like this one. No prices published on their website, but doesn’t everything new in the village have to be over a million?
The bottom of the range in Carlsbad is around $800,000 these days. Here’s an example – this closed for $835,000 today: