The Zillow 1-Year Forecasted Values are down 1-2 points from their previous guesses last month, but still very strong. This is their third consecutive month with similar forecasts: NW Carlsbad, 92008: SE Carlsbad, 92009: NE Carlsbad, 92010: SW Carlsbad, 92011: Carmel...
They took a little less than the list price here, but it still sold for $4,300,000 - which was $1,821,500 more than the sellers paid in July, 2019:
We saw this home on Tuesday - an incredible 15,264sf on two lots for $15,995,000: https://vimeo.com/modelimage/review/554603059/46e4c4615a
The list price here was $2,180,000, and it took 42 days to find the winner - who settled for a 3.5% discount. The final sales price was $2,102,000:
Interesting to note that the buyer here didn't mind paying $351,000 over list awhile being represented by a noted discounter from Northern California - an agent who is a known critic of the realtor cartel but is happy to make a buck off the system 500 miles away from...
Here's the tour of the property that had 100 visitors during the first hour of open house. Listed for $1,650,000, it got bid up to $1,811,000, or $873/sf for a 27-year old tract house! Closed on 7/29/21.
Abalone Landing Terrace in Carmel Valley has had a typical frenzy - low inventory and rapidly rising prices. There were two sales that closed in 2020 - one $1,650,000 in July and $1,780,000 in October. At the end of May, 2021 a new listing hit the open market at...
This just sold for $4,758,000 cash, which was $37,000 under list. The MT was 33 days:
The trend of paying over the list price is increasing. NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% Most sellers and agents are happy just to get 1% to 5% over list which will cover some or all of the commission. There were...
The intensity of the CV frenzy is hard to determine because it's sold out. Lines are forming but who knows how long? Because the builder has so few left, you know they would wait it out if necessary. But so far, they aren't having trouble finding buyers willing to pay...
