These are the exciting ones, the others are bland:
More CV Comps Since Nov 1st
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Jim TV
CV Comps Since Nov 1st
The Deal-O-Meter gets pinged occasionally these days in Carmel Valley, but the comps are still mostly retail-like for the quality properties. The rule-of-thumb for the good ones hasn't changed, hope for $300/sf, expect $330/sf - here's part one:
Double-Dip Material
We saw the Pacifica REO on the previous post, and here are three four other REOs around the same price point (half-million) in Encinitas. Once they are closed, they should make for excellent double-dip banter if they end up selling for well under list price. But...
Gatorade Bath
Let's stop with the big bombers, and have a look at regular stock. Here's your basic starter home that is walking distance to the Encinitas Town Center, a big newer shopping center with many amenities. It sold for $660,000 in 2005, and then in 2007 is sold again -...
Location Only
Around the Jewel
DM Terrace Modern
The 92014 zip code includes some quirky interesting areas that add to the charm and character of the Del Mar experience. Here's a youtube of one the best in the Terrace, the south end of 92014:
Extreme Comps
This youtube shows how varied the comps can be in this market. A large, one-story home with ocean view out the back can sell for a premium, and across the street a two-story short sale get dumped for almost a half-million less, all within a month of each other. The...
Sammy
The banks don't adjust their pricing much for houses with upgrades - the agents and appraisers are moving quickly and don't look too hard at how the comps really compare. But do buyers look any closer? Those who are paying close attention can pick off an occasional...
Need Razzle Dazzle
The higher the price, the tougher the scrutiny. Today's buyers are already looking for any reason not to buy - once you get into the upper echelons you need serious "wow" factor to make a good impression. Mentioned is this 8,500sf RSF house we saw two weeks ago, which...
