Tour of New Listing
I had four showings of my new listing today, and the buyers sure seemed serious – and we might not make it to open house weekend. Here’s a quick spin around the house, plus a surprise at the end:
$3,950,000 Beach Hut
Our new listing across from Tide Beach Park in Solana Beach has fully-approved plans to build a spectacular Mark-Morris-designed California Modern Contemporary – or just enjoy your beach cottage!
Mark designed the La Jolla house we sold last summer at 365 Marine Street – this plan has similar qualities! Open 12-3pm this Sunday, March 5th.
https://www.compass.com/app/listing/506-pacific-avenue-solana-beach-ca-92075/1256725407327863041
(Think the market is dead? I received two inquiries in the first ten minutes!)
The Problems With Comps
The critical point in this video is when the second seller dropped 7% to make the sale after just three weeks on the market……even though that was 10% under the last sale that backed to power lines.
This is what can happen. Did they have bills to pay? Did the agent press them to take it? We don’t know, yet we consider every comparable sale equally and base our opinions on price alone.
The seller of the $2,225,000 sale had purchased it in 2013 for $1,109,000 and his mortgage amount was under $300,000. What’s a hundred thousand in either direction to him?
The previous high sale of this model was $2,100,000 in December, 2021.
The high sale before that was $1,750,000 in 2020.
The high sale before that was $1,320,000 in 2019.
Are we binary simpletons? Will the next seller and listing agent consider all of these variables? Or just go with $2,200,000 as the latest sale/current value and hope for the best? Or check the zestimate?? 😆
The next sale could go 10% to 20% in either direction, depending on the agent.
Beach Bungalow
This just hit the market and will be a good one to watch.
It’s the least-expensive house for sale west of I-5 in Solana Beach, and it’s in a quiet little stretch only a block from the beach access and walking distance to everything in downtown SB! Asking $2,395,000 – thanks to the Compass listing agent Wendy!
Reminder that the speed limit on Coast Highway 101 is only 35 MPH:
21% Over List
This one had the popular features – remodeled one-story on quiet culdesac with good yard (front and back) plus a big country view over Rancho Santa Fe:
Solana Beach With Ocean View
A tasteful beach house for sale with big ocean view!
Solana Sold $1,650,000
This just closed for $1,650,000:
First Week Frenzy
Just an early-frenzy temperature check here – how many people are out looking at an older condo priced at $1,550,000 in the first week of January? I saw 20+ visitors INSIDE the home. Link to listing
Agent said he already has three people who want to write a full-price offer!
Solana Beach Penthouse
Solana Beach Steak
Is it hard to find a good steak in NSDCC?
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
