This closed for $1,300,000 in April, 2019, and then sold again this week for $2,270,000 – almost a million more in just four years!
https://www.compass.com/app/listing/3312-james-drive-carlsbad-ca-92008/1267594068434581625
For the buyers who want to live in a master-planned community with good schools, how bleak is it?
No one will be surprised to see the newer tracts hunkered down for another decade or longer, so let’s look at the older communities – those that are 20-25 years old. Those original owners are bouncing around in their empty nest, and should be cashing in and downsizing by now, shouldn’t they?
Yeah….no.
For homeowners who are planning their move carefully, April should be seen as the ideal month to list a home for sale. Yet look at the results:
The Carmel Valley tracts used were Belmont, The Breakers, and Lexington.
I know there are still a few days on April left this year, but it doesn’t look good for buyers so far!
My one post-frenzy prediction was that there wouldn’t be any more sales under $2,000,000 in the Davidson-built Starboard tract in La Costa Oaks (the last was $2,150,000 in October).
We’ve finally had a closing here in the middle of April. They had to knock off $4,000 to make the deal:
The best part of attractive pricing is that it helps to weather the demand dynamics. We’re not going to get the 22 offers we got last week, but 100+ people have seen the home, and offer #4 just arrived.
I had to input my new listing onto the MLS before noon yesterday to get on the broker-preview tour today, which was a day before the professional photos were completed. We had done a few preliminary photos for marketing purposes so I used those to get started, but ideally I want to hit the open market with the full assortment of pro photos and video.
Here they are!
https://www.compass.com/app/listing/2949-avenida-castana-carlsbad-ca-92009/1281936155846033465
Now that we worked through the 22 offers we received on the last listing to find the winner, it’s time to move on to our new listing in La Costa Valley!
2949 Avenida Castana, Carlsbad
4 br + den/3.5 ba, 2,787sf
Lot size: 7,646sf
LP = $1,900,000
Are you looking to live on a large, private lot at the end of a culdesac (and the only Centex Enclave culdesac that doesn’t back up to a busy street)? This upgraded Plan 4 is on a 7,646sf pie-shaped lot with a backyard that features stamped concrete, bbq island with granite, fire pit, multiple seating areas for entertaining, lush tropical landscaping and plenty of grass. Remodeled kitchen, OWNED SOLAR, shutters, custom staircase, dual-zone central air, custom fireplace, extra insulation, dazzling LVP wide plank sequoia flooring, and new baseboards and door casings downstairs – this is a true creampuff! The Valley Club has heated pool, tennis, fitness center, RV lot, plus walking trails. Enjoy Encinitas schools too! The last three sales of this model were $2,000,000, $2,060,000, and $2,440,000!
Of the 1,073 homes in La Costa Valley, only one is for sale….at $2,400,000!
Pro photos, video, and MLS input tomorrow.
Open house Wednesday 10am-1pm, and then 12-3pm on Friday and Saturday!
Five-hour open house today doing what I love to do – talk to interesting people about real estate!
Cute & cozy beach bungalow in front, plus a 2br/2ba ADU in back with ocean views! The most exclusive real estate in the world is within one block from the beach, and its value is soaring!
Garfield condos selling for $2,000,000-$2,500,000, Garfield triplex closed at $3,329,000 ($1,180/sf), Terramar and Ocean Street teardowns selling for $2,000,000+, Shore Drive over $3,000,000, Encinitas east-side of Neptune over $4,000,000, Solana Beach teardowns selling for $3,800,000 and $3,900,000, and Del Mar is over $5M! With no inventory, how many more of these will be under $3M? Zoned duplex – you could build two new homes!
When the rest of the world has gone mad, you want to own real estate one block from the Pacific!
3831-33 Garfield St., Carlsbad
2br/1ba bungalow in front, and 2br/2ba unit in back for a total of 4br/3ba, 2,278sf
YB: 1950
LP – $2,600,000
Open 12-3pm Saturday & Sunday March 25 & 26!
https://www.compass.com/app/listing/3831-33-garfield-street-carlsbad-ca-92008/1273282660568118209
Open 12-3pm Saturday & Sunday March 25 & 26!
The minute I saw this address I knew that it would have a big ocean view because I sold one in here before. It turns out, I sold this very home in 2001 for $257,000 when it was all-original (I rep’d the seller then). It has since sold for $461,000 in 2005, $429,000 in 2014, $613,000 in 2018, and $979,000 on Thursday.
My buyer is out-of-state and made the offer based on this video – and then came for the home inspection:
This is the type of premium offering that has enough going for it that they should get their money. The non-pool buyers probably won’t like it at any price, but those who want turnkey with big view on a culdesac will find it hard to pass up – here’s a minute of it:
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
