With the Crescent House now on the market for $23.5 million, you can’t really blame the sellers of this property for asking $6 million (lot size is 9,730sf): https://www.compass.com/app/listing/1478-neptune-avenue-encinitas-ca-92024/1048694367041065425
I mentioned that we could be seeing a pause in the market, and for prospective home buyers, there are plenty of reasons to take a rest: Mortgage rates starting with a 5, not a three. The S&P 500 and Dow are down 15.9% and 11.3%, year-to-date. The list prices of homes for sale are higher […more]
For those who have been waiting for prices to tumble, here you go! This listed for $3,545,000 in January right when there was a flurry of $3,000,00-ish listings in and out of Encinitas Ranch. It took 76 days to finally find the buyer for this one – and it did close at a discount. It […more]
Home buyers who value their privacy don’t like seeing their home’s photo gallery advertised on Zillow after the sale is completed. Zillow has made it easier to remove those photos! Here are the instructions: To add or remove photos on your home’s property page, you must claim ownership of your home’s property page and navigate […more]
Imagine the pricing quagmire we are in. The homes on the market today were priced according to comps from 1-4 months ago, which were the craziest-priced sales in the history of real estate. To make matters worse, sellers are naturally drawn to the highest-priced sales – and today that means the ones that closed for […more]
The old Encina Power station site is designated for tourist uses, and open space. A seven-story hotel like this will undoubtedly be proposed – will it fly in Carlsbad? Rooms here go for $300-$2,100 per night:
A new Compass listing in South Encinitas, priced at $6,290,000: Tucked away in seclusion, this 3606 sq. ft. 3-bedroom 3 bath New Construction Modern Hacienda masterpiece with two additional detached units exemplifies a unique combination of an ultra-modern interior and the warmth of a welcoming hacienda exterior. Nestled in the depths of Berryman Canyon, with […more]
This will help to keep home prices up: A top California lawmaker is proposing to spend $10 billion to help families buy homes in the state with some of America’s highest housing prices. Democratic State Senate Leader Toni Atkins on Wednesday unveiled details of a proposal she’s pushing to create a revolving fund that would […more]
Even though real estate is local, the homebuyer psychology tends to be similar across the country – mostly because people are people, and have similar reactions to every variable. When they see mortgage rates go from 3% to 5.5% in less than six months, it’s only natural to want to pause and see where this […more]