This had eight offers on it, and the price was raised to $799,000 before being marked pending today:
South Encinitas
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Encinitas
Encinitas Tester
One of these same one-story plans down the street listed for $629,000 on May 2nd, at the height of the frenzy. It closed for $682,000. Will the next buyer consider $682,000 an legitimate indicator of market value, or an outlier?
On The ‘Front
For those looking for a unique oceanfront opportunity at what seems like a reasonable price, check out this house at Moonlight Beach. The Scripps family owned it until 1994, when they sold it for $850,000. This owner paid $3,750,000 cash in 2009: It has been listed...
Encinitas Santa Fe
This was a good deal - it went pending this afternoon:
Encinitas Beach Bungalow
This is a good example of a new listing in a prime area where offerings have been thin, so the sellers and agent are going for it. They have a couple of comps: http://www.redfin.com/CA/Encinitas/125-4th-St-92024/home/4113360...
Custom Remodel
The tax rolls say this is 2,358sf, but apparently it didn't bother the buyers - they paid $859,000, which was $10,000 over the top of the range:
Who Flinches?
The lower-end segments of each market are where buyers should be nervous about how much, and how fast the run-up has been. Ones like this are already at peak pricing, or higher:
Going, Going, Gone
This was marked pending after three days on market:
Builder’s Special
It will be interesting to see where this one ends up, because on paper it looks insane - Encinitas for $1,000/sf. But this block drops down quickly across the street, giving a quality view opportunity to someone who doesn't mind building:
CDV
One of the reasons that the $1,000,000+ market feels bloated (NSDCC = 634 actives today, 111 sold in last 30 days) is that any property worth $800,000+ gets puffed over $1M by the seller and agent, just in case. If you are buying, make sure you know the difference:
