This one was better than the last one, but it had a funky easement granted to the neighbor that killed one sale and probably hampered this one. The list price was $950,000, and it just closed for $910,000 for 1,236sf built in 1959 on a 10,800sf lot:
If you were already thinking that this is getting ridiculous and you better grab the next cheapie even if it was a little rough around the edges before you get priced out forever….this might push you over the edge:
A reader asked about the grocery store and other retail shops expected at Robertson Ranch.
I spoke to the rep, and he said they have nothing in the works. I said, “Oh, you haven’t broke ground yet?”
He said, “No, we don’t have a commitment from a grocery store yet.”
Hmmmm……price would fix that!
A reader commented on the perilous water supply for Southern California and Arizona. While there could be major disruptions from droughts in the future, the City of Carlsbad has taken one step to help:
The Claude “Bud” Lewis Carlsbad Desalination Plant is the largest, most technologically advanced and energy-efficient seawater desalination plant in the nation. Each day, the plant delivers nearly 50 million gallons (56,000 acre-feet per year (AFY)) of fresh, desalinated water to San Diego County – enough to serve approximately 400,000 people and accounting for about one-third of all water generated in the County.
Located adjacent to the Encina Power Station in Carlsbad, California, the Carlsbad Desalination Plant was developed as a public-private partnership. The project originated in 1998 and launched in 2015 with a purchase agreement with the San Diego County Water Authority. The project has garnered numerous awards for design, implementation and energy efficiency.
All of downtown Carlsbad isn’t getting redeveloped at the same time – there are survivors, at least so far!
This is on the east side of the street so the view is through the windows in front. The staging was particularly effective here; the list price was $2,199,000 and it closed for $2,475,000 cash (+13% over list):
A local fire this week showed how flammable a palm tree can be when not trimmed:
Cal Fire, Carlsbad FD & Police doing another great job – no homes damaged, and no injuries. Two other fires were started nearby on the same day, and a homeless woman was arrested for arson.
— City of Carlsbad (@carlsbadcagov) January 20, 2021
Click here for more photos and video:
A couple of local celebrities received pardons yesterday:
Mr. Trump commuted the sentence of William T. Walters, a wealthy sports gambler. A jury convicted Mr. Walters in 2017 on charges related to his role in an insider-trading scheme, and he was sentenced to five years in prison.
Mr. Walters hired Mr. Trump’s former personal lawyer John M. Dowd in 2018, after he stopped representing Mr. Trump, The New York Times reported this week. Mr. Dowd bragged to Mr. Walters and others that he could help them receive a pardon because of his close relationship with the president.
Mr. Dowd had also said that Mr. Trump would look favorably upon those who had been investigated by federal prosecutors for the Southern District of New York in Manhattan, an office that the president has long viewed as hostile to him and that has been involved in other investigations touching on him and his allies, according to two people briefed on the matter. Mr. Walters has paid Mr. Dowd tens of thousands of dollars to represent him, the people said.
Coincidentally, Billy’s home in Carlsbad that has been for sale since 2010 was finally marked pending last week. If it closes, it will be the highest sale (by 2x) in Carlsbad history!
For some reason, the Duke received a pardon too, even though Wiki reports that he got out of jail in 2013. His bribery case was legendary:
When we first saw this on March 6th, the price was $9,200,000.
We’ve been through a lot since!
But this hasn’t got caught up in the frenzy fever, and is now priced at $7,700,000:
The contest for guessing the number of listings in January is now closed. We are running about 20% behind last January’s count, so the few sellers who are willing to brave the early-2021 market will do nicely.
We had 31 showings and five offers on our new listing over the weekend, and three of them were willing to pay $90,000 over list!
If you are the kind of buyer who wants to use logic and common sense – and tie your offer price to the comps – well, this isn’t the market for you. Pay tomorrow’s prices, today!