This is one of my all-time favorite videos because of the drone shots of the ranches:
It’s been ten years since the bottom of the market.
Let’s see how the annual median-sales-prices of detached-homes have changed:
|Town or Area|
- Everywhere’s a million!
- Most areas had their median sales price rise more in the second half (2014-2019).
- The number of sales is very impressive, given the run-up in pricing (we had 2,781 sales in 2018).
- Pricing in the Ranch has averaged +1% per year, which proves we can live with flat pricing for 5-10 years.
- Encinitas is less like Carlsbad and more like its ritzy neighbors to the south. Maybe it’s the culture?
This just closed Monday for $3,250,000 – here’s my video from January, 2018:
A relatively-modest 2,758sf home on 2.07 acres closed for $2,350,000:
This is the first large-scale cinematic movie I’ve seen done by a San Diego realtor, and it’s inevitable that all the high-end listings will have to step it up. Hat tip to Richard for sending this in!
This is the 8,251sf home in Rancho Santa Fe that sold new for $10,600,000 in February, 2017, then resold a year later for $10,850,000 in October, 2017:
The sellers might have been disappointed with the auction results here, but the final price seems about right. Gardens designed by Kate Sessions in the 1930s!
The video tour:
The LAT published the news yesterday that former SDSU star Kawhi Leonard recently bought a home in Rancho Santa Fe for $13,300,000 cash. Obviously, it sets him up to join the Lakers squad next year, and help return us to glory:
While we’re featuring purchases by pro athletes, an ex-Trojan/ex-Steeler bought this for $9,000,000 in October – I saw it and thought it was fantastic:
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%):
Our open house went well and people appreciate seeing the old-Spanish style in a home of this size – there’s a lot to take in! We’re feeling it!