Well, the way it’s been going, it was bound to happen!
At least this house was fully remodeled, had a guest house (with double-tap kegerator!) and large pool all laid out nicely on a half-acre lot in the Ranch. This is the one I featured previously with the dozens of attendees at the open houses.
Here are the comps for the neighborhood – what was a trend in the upper-$2,000,000s in the second half of 2021 sure popped up in a hurry to $4 million+. The pending sale had “several offers and is way over list”, according to the listing agent:
Currently, the entry level for Carlsbad houses is around $1,200,000, so when this one first hit the market at $1,119,000 you can bet it stirred up the frenzy!
They raised the list price to $1,199,000, but it didn’t slow anyone down. The agent received 28 offers, and they countered the best five. It closed for $1,525,000!
You may remember the story of my buyers purchasing a home in Bressi Ranch about a year ago. Since then, there have been two more sales on the same street:
There have been three sales on this street between $2.7 million and $3.223 million in the last year, so this price is relatively attractive for those who don’t mind doing a refresh:
With the inventory so low – especially for the one-story houses – here’s a seller who senses an opportunity. We just listed the premier single-level floor plan in Aviara for a reasonable $1,900,000!
The South Carlsbad Coastline Project is stirring a lot of interest from people at the prospect of transforming 60 acres of city-owned land along the 101 Coast Highway. City planners held a virtual public meeting Monday to discuss the vision and hear ideas from people who live in Carlsbad.
“We really want to start with, ‘What’s the overall vision?’ We want to let people imagine what they want this space to be,” said Kristina Ray, spokesperson for the City of Carlsbad.
In May of 2020, the City of Carlsbad acquired grant funding for over $500,000 from the California State Coastal Conservancy to design a plan that would increase resilience to rising sea levels. Part of this effort would involve relocating South Carlsbad Boulevard further away from the coastline.
“We want to create more space for people, move the road over to the east a little bit, and you would free up like 60 acres worth of land,” said Ray.
