While the talking heads of the media will point to the increased median sales price and declare that "prices are going up"; all you have to do is look at some of the tonier parts of town to find contrasting data. For instance, how about Old Del Mar:
In September, 2010 the City of Del Mar auctioned off a half-acre hilltop lot. Here's how it looks today, with a flashback to the actual auction (auctioneer got 10%): Here is the city's original youtube marketing:...
They try to sell this house every year between tenants, which is a smart move. They did lower the price this year, from the $1,985,000 they've been asking over the last 3 years. They paid $1,625,000 in 2004:
The listing agent said that the list price was an arbitrary number, and just a place to start. Well then, wouldn't an open-auction format be in order to determine the winner? It is the best format to ensure top dollar.
If you like the super-chic, hip, funky, unique contemporary look, watch this:
Even though this is over the ridge and closer to the freeway, the yard alone will sell this one:
Would you mind having to put up with a little?
For those who like to be within walking distance of a Whole Foods, a margarita, or a cup of coffee but don't want to afford the typical ritzy/expensive Del Mar address, check this out. The big remodel/addition is wrapping up, and there should be some new buzz around...
People don't want the in-betweener. Either do a full remodel, or tear it down!
Attention billionaires, this is a unique location! It was awesome to see that the owner was an agricultural reporter - in the 1950s anybody could afford this! Tax-assessed value is $74,258.
