La Costa Oaks Update

This house for sale is down the street from the one I sold in October, 2022 for $2,250,000 and I said then that I didn’t think another home would sell in this neighborhood for less than $2,000,000. None have closed under $2M since then, and the last two sales were both closed in July at $2,125,000 for a Centex, not Davidson home that backed to the power lines and $2,444,000 across the street from this one.

NCAA Golf At La Costa

Big time golf has made its way back to La Costa! The individual and team golf formats create a longer tournament that still has two days to go!

The 2024 NCAA DI men’s golf championship began with selections on Wednesday, May 1. Regionals, which kicked off on May 13, concluded on May 15, and determined the 156 participants advancing to the championship round. The championship finals are underway and take place from May 24-29 at Omni La Costa Resort & Spa in Carlsbad, California.

On Day 4 of the finals, Georgia Tech’s¬†Hiroshi Tai won the individual championship after starting the day three strokes back.

La Costa has a storied past and after $70-million dollars worth of improvements, it will host the NCAA men and women championships for 2-3 years and perhaps become their permanent home!

https://www.golfdigest.com/story/omni-la-costa-resort-redesign-gil-hanse-ncaa-championships

Carlsbad is $2,000,000+

Earlier today we saw how $2,000,000 sure doesn’t go as far as it used to. Once you think your home’s value is above $1,500,000, it’s a quick jump to $2,000,000 – and if you go to sell it, then a net of $2,000,000 sounds even better. Buy any decent coastal house you can get your hands on for less than $2 million!

For the trivia buffs who remember that this house below has history – it sold for less than $1,000,000….3x!

Today’s list price is $2,250,000, and it’s now pending!

First LCV Listing of 2024

La Costa Valley (1,073 single-family homes) Annual Sales:

The new rule about getting profits tax-free went into effect in 1997, and it motivated people to move! The sales history of this house is an example of how it used to be – make a little money and be on your way:

But over the last 10-12 years, people stopped moving so much. Any of the original LCV homeowners were already empty-nesting, so it wasn’t the kids that kept them from moving. Rates were coming down a bit, and refinancing made it a little more affordable – and there wasn’t anywhere else to move locally that was better than what they had already.

Some may have thought that the 2007 buyer got left holding the bag. But he’s now listed for $2,085,000!

La Costa Gem

The problem with describing the overall market conditions by looking at the whole group of sales is that the newer-looking one-story homes on culdesacs will always sell for a premium, and you can’t say that about the others.

Updated in La Costa

This was filmed during broker prview and Portia marked it pending the same day. She did pretty good for an older house on a busy street – her sellers bought it from a flipper for $880,000 in 2016:

La Costa Oaks One-Story

The crime of the century was committed at this house. At the end of 2021, the listing agent priced this house at $1,799,000, and then spooned it over to her flipper buddy for $1,650,000 without putting it on the open market. TWO MONTHS LATER, the flipper listed it for $2,895,000 and these sellers paid $3,250,000 in February 2022! Then they listed it for $3,299,000 last month and got it.

GET GOOD HELP!

La Costa Valley Plan 4

Tracey allowed me to video her new listing in La Costa Valley if I promised to bring a buyer who saw it here!  Open Sunday 1-3pm:

Two new listings and a $20,000 price reduction in the LCV. It will get even more exciting next weekend!

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