Our January sales count of detached-homes between La Jolla and Carlsbad was impressive, and comparable to the good old days!
NSDCC January Sales & Listings
Year
# of Sales
Median SP
Avg. Cost-per-sf
# of New Jan. Listings
2013
185
$845,000
$379/sf
410
2014
182
$1,072,500
$501/sf
413
2015
166
$1,221,500
$511/sf
405
2016
171
$1,092,000
$553/sf
471
2017
175
$1,180,000
$518/sf
394
2018
151
$1,320,000
$573/sf
426
2019
152
$1,300,000
$532/sf
419
2020
183
$1,430,000
$607/sf
339
In spite of all-time record pricing, the number of January listings really dried up, compared to previous Januarys – and 40% of last month’s listings are already pending or sold. How you feel about the inventory shortage depends somewhat on your price range too – here is the recent history:
NSDCC Number of January Listings by Price Range
Year
# Under-$1M
$1M – $2M
$2M – $3M
Over $3M
2013
186
123
50
56
2014
159
150
56
57
2015
138
162
50
62
2016
128
205
85
70
2017
101
163
71
71
2018
69
206
86
69
2019
74
201
66
85
2020
45
157
74
73
For those hoping to buy a house priced under a million, the dwindling number of listings is daunting. But the inventory over $1,000,000 has been relatively stable – no big surge there.
I have to hand it to Brett and team in their preparation of this 1975-built home in Solana Beach. The flooring was removed downstairs, and they added a heavy epoxy paint to the exposed-concrete, which gave it a trendy-hip look to go with the colorful formica in the kitchen:
The list price is $1,850,000, and they already have four offers!
When it comes to the most sought-after aging-in-place projects, bathrooms dominate the top spot.
In a recent NAHB survey of remodelers, more than eight out of 10 reported that installing grab bars (89%), higher toilets (85%) and curbless showers (82%) were the most common aging-in-place projects.
Widening doorways, the next most-common project on the list, came in at a distance 59%.
Even though the underlying motivation seems similar in both cases, walk-in bathtubs have not become nearly as common as curbless showers. Only 12% of remodelers reported installing walk-in tubs.
When NAHB began asking aging-in-place remodeling questions in 2004, curbless showers were about as common as wider doorways. But over the years, the share of NAHB remodelers installing curbless showers has grown from 54% to 82%.
We are cooking now – we had another 58 new pendings this week, and the 82 new listings were less than expected. You know the market is heating up when other agents are talking about it at open house!
Who is selling? I haven’t checked in a while! This chart tracks when the home was purchased by the sellers. Today’s numbers are from those sold between Jan 22 and Feb 14 of this year:
Year Purchased
6/18/16
12/13/16
4/3/17
6/30/17
12/4/17
2/16/20
0 – 2003
39%
57%
48%
32%
47%
34%
2004 – 2008
24%
19%
15%
12%
15%
18%
2009 – 2011
13%
6%
7%
14%
10%
4%
2012 – 2019
19%
13%
25%
34%
24%
35%
New Home
5%
4%
4%
7%
4%
9%
The long-time owners aren’t moving as much as they used to! Those who have purchased since 2012 have no problem selling for a decent-to-huge gain, and more of them have been taking their profits – and hopefully buying another.
There were four flippers in today’s 2012-2019 group.
This 3,000-square-foot home in Phoenix is made up of stackedshippingcontainers, but you’d never know it once you walked inside. It’s modern, open designed interiors matches the style and spaciousness of any other single-family home today.
Homes constructed ofshippingcontainers are drawing more attention in the building industry. These homes are flood and fire-proof, eco-friendly, energy efficient, and there’s certainly no shortage of them to transform. Worldwide, an estimated 24 million emptyshippingcontainers are retired, just waiting to find a new purpose. Could real estate be it?
Some housing experts predict shipping containers to make up a bigger footprint of homes and buildings in the future. One shipping container can be transformed into a tiny home, several molded together could form a standard-sized single-family home, and hundreds stacked together in a Lego-like way could make for an apartment complex. Shipping containers can also be transformed as add-ons to existing homes, such as a garage.
But can ashippingcontainer be stylish? Shara Terry, a real estate pro with Berkshire Hathway HomeServices Arizona Properties in Phoenix, certainly thinks so. She’s listing a three-bedroom, four-bath single-family, shippingcontainer home for $610,000. The home, which is a hybrid of two stacked containers on its east side and two stacked on its west side, is designed byengineer Jorge Salcedo and Colombian architect Gregorio Baquero.
“A lot of people who’ve visited it have been curious, and they can’t believe it used to be a shipping container once they step inside and they see how open and seamless it is inside,” Terry says. “There really are only two subtle reminders in the interior that show a portion of the red container,” but even those have been blended into the overall decor. The exterior includes some writing on the containers that were preserved for character, including a stamp in Vietnamese showing its former location.
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