For those looking to buy a newer 4,000sf single-story house, there were ten sold in the last 12 months – in the county! They are in remote areas – Fallbrook, Valley Center, Rimrock, Jamul, etc., and they cost about the same. It makes Santee look like the middle of town – and this is a superior view!
Neighbors agreed that the east side of the street was the preferred location. Why? Because the east side is cooler. The west side of the street gets the afternoon sun, and either your houses bakes for hours or you have to at least lower your blinds, which negates the benefit of having a view.
People have been disappointed so often with homes that their expectations are low – they don’t want to get their hopes up. When they do see an impressive house or spectacular view, some folks get downright giddy – open house feels like a party!
The price is understandable, and nobody complained – which they usually do if they don’t like it.
There were 100+ people who attended during the 11am-3pm stretch. Many were neighbors, but they are good candidates for moving up the hill from the tract below.
People love solar – free air conditioning!
I’m not sure when it will happen, but I have confidence that this home will sell!
Not only are retirees trying to downsize, but the kids are hanging around longer too. The excellent research by John Burns has put some numbers on the one obvious outcome – multi-generational living.
Percentages in the 40s and higher are more than a blip – the vast amount of downsizing and multi-gen households is a game-changer:
14% of all US households (16.5 million households!) now live multi-generationally, and the numbers continue to rise for three reasons:
A. Delaying marriage has increased the number of young adults living with parents.
B. Surging retirement has increased the number of retirees living with children.
C. Significant immigration from countries where multigenerational living is the norm has also helped boost the numbers.
Most of the US housing stock was not built for multigenerational living, providing a tremendous opportunity for home builders. According to our Consumer Insights survey of more than 20,000 new home shoppers, 44% would like to accommodate their elderly parents in their next home. Additionally, 42% of today’s shoppers plan on accommodating their 18+ older children in their next home.
This focus on providing housing to extended family or friends may also account for 65% of respondents desiring a bedroom with bath on the ground level and 24% wanting a suite with a kitchenette and small living area.
People suggest that if you want more value, just go out to the ‘burbs. But how far out do you have to go to buy a new one-story house on a 1/2 acre lot with good schools in the $700,000s and $800,000s?
Pulte, California West, Shea Homes, Pardee, and Davidson all have new-home communities being built, or coming soon to the 76 corridor area between North Vista and Fallbrook:
For those buyers looking for a fully-remodeled single story on the I-15 corridor (where the under-$600,000 inventory is thinning quickly), check out our new listing on Rios Road in Rancho Bernardo!
Are you looking for a single level house that has some designer flair to it, without being over the top? Want the garage to be set up and ready for tinkering? Check this out!
If you have any interest in golf, or just like a good walk in the park, stop by the final round today of Kia Classic at the Aviara Golf Club in Carlsbad.
It is a challenging course, yet all but seven of the finalists are under par – and the leader, Mirim Lee, is 16-under!
We will be having open house right by the main entrance to golf, so stop by!
The single-level house at 1341 Mallard has been rejuvenated with new paint and fresh landscaping, and the price is down to $1,495,000. Open house is 12-3pm – stop by!
Here’s one of the best listings I’ve ever had – a luxury one-story coastal estate in the gated community of Bella Lago in Aviara. Open this weekend 12-3pm:
Luxury one-story coastal estate and former model home in the prestigious gated Aviara community of Bella Lago, next to the Aviara Golf Club.. This beautiful home has features including: designer finishes, upgraded hardwood flooring, built-in cabinetry throughout, surround sound, electronic shades, water filtration system, three fireplaces, second story bonus room and backyard oasis with an outdoor fireplace, pool, spa, waterfall and putting green. Kitchen loaded with Tibetan Black Quartz from the Dalai Lama, himself. He told me “and when you die, on your deathbed, you will receive total consciousness.” So you’ll have that goin’ for you, which is nice.
