fbpx

95 Units

The City Council has already approved this project so the public discussion is over.

But it’s interesting to note that the owner of this 7.2-acre parcel – who also owns the shopping center next door – chose to re-zone the property for apartments, instead of office space. Did they figure that rents in SE Carlsbad would keep accelerating while office rents have been stagnant, at best? Or did the developer want to supplement the attendance of his family-friendly shopping center next door? Probably both.

https://thecoastnews.com/carlsbad-approves-95-housing-units-at-la-costa-town-square/


Still Hot!

The house across the street and a couple of doors down from my pending listing in La Costa Oaks went on the market today.  I emailed the listing agent to tell her that we had 25 showings during the first weekend, and our sales price – which is higher than her list price. She appreciated the tip.

She got back to me later – she has TEN showings today!

Christmas is next week. I hope we get the day off!

https://www.compass.com/listing/7177-sitio-corazon-carlsbad-ca-92009/673459356473067393/

La Costa Oaks Gem

Attention multi-gen buyers! Our new listing in La Costa Oaks has the master suite on the first level plus the perfect granny flat too! The flex space upstairs includes two regular bedrooms, two full baths, a massive bonus room, plus library/gaming loft too, all situated on an 8,500sf lot which is rare for newer homes in Carlsbad. Full solar (18 panels!) with battery, immaculate garage with workshop, and Encinitas schools too!

7168 Sitio Corazon, Carlsbad

5 br/5 ba, 3,352sf

YB: 2011

HOA fee = $241/month

Mello-Roos = $800/year

LP: $1,379,000

Entrance to granny flat

Granny apt

Hobby room upstairs

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Old La Costa 2017

There are videos in the vault that haven’t seen the light of day, so while I’m waiting for some escrows to close to show more recent videos, here’s one that demonstrates that prices have been flat lately.  This sold for $880,000 in April, 2017, which was $21,000 over list, and the yard probably deserved it.  But it would be about the same today:

Segovia Listing Report

One of the main reasons to set up shop at the La Costa Resort is to help support our efforts in the area.

When my current listing on Segovia came on the market, we were the only house for sale in the area.

But since then, TEN other similar – older one-story – homes have hit the market nearby:

We had listed for $888,000, and with a uniquely large backyard, we thought we had a shot at attracting a buyer who had a vision.

But now that we’re vying with eight others for the next buyer, we had to adjust on price.  The house on Cima came on at $899,000, but lowered quickly and found a buyer on Monday – so we did the same thing, and lowered to $859,000.

The number of views has been incredible – there is no shortage of lookers:


Note that there are twice as many views on Zillow as there are on the MLS!

The auto-valuations are close too, so it shouldn’t be long now:

When a flood happens, adjust early and often, because you don’t want to get left behind.

JtR Goes Retail

The Compass office at the La Costa Resort began as a P.S. Platinum office, and then Julie and her team were there until a few months ago. The Klinge Realty Group is next!

It’s only worth being there if you can find ways to take advantage of the location and opportunity – and I have some ideas. Stay tuned!

We should be up and running there within the next 30 days. Stop in and say hello.

Instant Vision

Let’s keep improving a listing as we go along!

It became obvious at the open houses that people didn’t feel the need to explore the backyard – they just looked out from the house to get their feel.  But the hedge in the middle blocked some of the view, and to fully appreciate the size of the backyard, you need to see past it.

It’s common that buyers are in a hurry and may not fully explore the potential, so let’s help them with the vision of what’s possible:

One of the main positives about this property is how suitable it is for adding a granny flat, and still have big yards for both.  Originally, we thought the hedge might help to differentiate the two possible locations, but if buyers aren’t going to walk out for a look, let’s make sure the extra-large yard is visible from the house!

The other concern is that buyers aren’t used to seeing homes built in the 1970s.

These are literally the oldest houses in South Carlsbad, and $800,000 is the entry-level.  The 2019 median sales price within a half-mile of my listing is $1,072,500, so for those who want a larger, newer home with more upgrades (but smaller yard + HOA), they are certainly available – you just have to pay more.

Here’s another example of the 1978 variety – and this is probably our main competition.  It has upgrades, but the fancy stuff doesn’t change the floor plan and the yard is almost 5,000sf smaller:

Entry level means sacrifices, and the temporary inconveniences at my listing can all be fixed with money!

Pin It on Pinterest