For Encinitas homeowners who are considering a granny flat – or buyers who want to purchase a suitable property – this is a 7-minute primer from one of the architects who helped guide the city to their current policy (which is the most flexible in North County).
He quotes the costs to build a granny flat to be between $75,000 to $300,000, depending on size, which still sounds like too much for most people. But he thinks that in the long run the benefits are so great that homeowners who have the right-sized property will build one.
At this rate, the median price in 2039 will be $2,988,000! Hat tip to Richard!
San Diego County residents who bought homes in the 90s are reaping the benefits of a hot housing market.
Homebuyers who purchased their properties 20 years ago are “sitting pretty” in 2019, according to a study by GOBankingRates.
The study ranked 15 California cities by property appreciation rates. Six of the top 10 increases were in the San Francisco area. Two Los Angeles-area cities, Santa Monica and Newport Beach, finished first and second on the list, respectively.
The only San Diego County city on the list of top 20 locations for home appreciation was Encinitas.
In 1999, the median home value in Encinitas was $343,500. The figure now stands at $1,198,000, marking a 248.8 percent increase in value over 20 years, the study reports.
The five-year rental income on an Encinitas home is $229,688, according to the study.
See our interactive map of top California housing markets for home value increases:
Here are the histories, and forecasts, of our local Zillow Home-Value-Index for each area:
They are forecasting flat or declining prices in three of our larger areas – and they are also predicting a drop-off in values as the selling season will be getting underway in March, 2020 (which sounds far-fetched).
Their track record hasn’t been that great though. Here is their Carlsbad prediction in December, 2015, when they expected a 1.9% increase for 2016 – the actual was +7%:
The Carlsbad HVI has risen 19% since the beginning of 2016!
Can we agree on one likelihood? Prices probably won’t be going up much in the next year or two.
California Gov. Gavin Newsom has made clear that cities that fail to commit to building affordable housing will be in trouble.
His actions are making Encinitas nervous.
The North County city is one of 47 municipalities — the only one in San Diego County — that has failed to submit a plan to the state identifying sites for housing production of all income levels. After twice rejecting those plans at the ballot box, a judge is intervening.
Voice of San Diego’s Jesse Marx and NBC 7’s Catherine Garcia unpack Encinitas’ ongoing legal problems over affordable housing.
Here’s a video tour of our new listing at 939 Calle Santa Cruz, a luxurious 4 bedroom (plus office), 3 bath, 4,739sf home with 3-car garage plus RV parking on an half-acre lot in Olivenhain. List price is $2,200,000.
It has the size, privacy, and luxury of a home you’d find in neighboring Rancho Santa Fe, but with modern conveniences such as cable TV/internet, sewer, and natural gas on a much-more manageable half-acre lot size!
Enjoy the well-appointed 4,739sf interior space and then mosey through one of the several floor-to-ceiling glass doors to the exterior – where you’ll find equally engaging features such as outdoor kitchen/BBQ, solar-heated pool and spa, gas heaters, waterfall, and ADU.
"Jim and Donna Klinge are by far the most professional, personable and responsive realtors I have ever worked with. They provide VIP concierge level service in every area of the process of selling your home. My home was marketed so successfully that we received an offer the day after our first and only open house. Thanks to Jim's pricing and negotiating, our house is now the highest sold in our community... more "
by Ann Romanello
"Jim educated us, helped us find the perfect house, and then negotiated us a great deal. I would hate to be sitting across the negotiating table from ... more "
"Jim is thorough and will be brutally honest about the homes he shows you. He provides great service and follows through until the very end and even ... more "
"I highly recommend Jim as a buyer’s agent. Working with Jim, we closed this week on a San Diego condo. Jim prepared a list of comparable sales to ... more "