This had been on the market for two years before it finally sold for $15,000,000 cash in September. Another Marengo deal; it sold for $7,800,000 in 2014:
I snipped this Zillow forecast (above) in October, 2016. They expected La Jolla home values to go up 2.1% in 2017, which earned a ‘Very Cold’ label.
The La Jolla ZHVI rose 7% in 2017, so their forecast was a tad conservative. The index has been dropping lately, but they are expecting values to flatten:
Other Zillow forecasts – they like Carmel Valley:
You can find more data here (they predict the U.S. market will be +6.4%):
This is the fifth major project that Mark Morris has completed for our different clients over the years, and he went all out on this one! This video tour is over ten minutes long, but feel free to use the pause button liberally:
Our tour through the La Jolla Art and Wine Festival:
What: The La Jolla Art & Wine Festival
Where: Girard Ave, La Jolla
When: Saturday, October 6, from 10 a.m. to 6 p.m. and Sunday, October 7, from 10 a.m. to 6 p.m.
Why: To bring our artists’ roots back to La Jolla, to celebrate our wonderful community, and to raise money for underfunded programs such as art, music, science, physical education, and technology, at the local public elementary and middle schools.
This was listed on the range $13,888,000 to $14,888,000, and had been on the market since summer of 2016 (and refreshed several times). Then somebody came along and paid $15,000,000 cash:
A somewhat-remodeled single-level home in La Jolla’s gated Windemere community with virtually no yard, an interesting pool, and virtually right on the tennis courts. This closed for $1,110,000 in April:
Keith at Modern San Diego had this to report in his last newsletter (see below):