Zillow Lowers Forecasts

Zillow has every reason to be the nation’s real estate cheerleader since they derive the bulk of their income from realtors. They had been predicting 3% to 6% appreciation locally this year….at least up until two weeks ago.

Something has changed:

Carlsbad NW – 92008

Carlsbad SE – 92009

Carlsbad NE – 92010

Carlsbad SW – 92011

Carmel Valley – 92130

Del Mar – 92014

Encinitas – 92024

La Jolla – 92037

Carmel Valley out in front with a +2% over the next year? Yikes!

It means they think that everywhere else will be flat, at best.

Downtown Encinitas Under $2M

Check out our new listing!

719 S. Vulcan Avenue, Encinitas

3 br/2.5 ba, 1,512sf

YB: 2006

HOA = $0

LP = $1,799,000 – Now Pending!

If you want to be right in the thick of things in downtown Encinitas AND be able to jump on a train in a hot minute, then I have a deal for you! The roof deck adds real living space and you can see all of downtown!

https://www.compass.com/listing/719-south-vulcan-avenue-encinitas-ca-92024/1572043125922949545/

 

The Latest in Encinitas Ranch

It was so great to start the tour today with Pete’s new listing on the Encinitas Ranch Golf Course whose owners succumbed to the problem at hand. They get hit by golf balls, so provide a barrier and live with it.

This is way better than the alternative where potential buyers have to wonder about the impact. Know this – when a golf ball hits your roof, it sounds like a bomb went off.

Encinitas Hilltop

Not having much of an ocean view (when many of the neighbors have a full ocean view) was a little disappointing, so a slight discount might have been in order along with a nice easy cash deal and a $2,000,000 profit for the seller.

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