A nice combo pack here with two bedroom suites downstairs and private pool. It’s a little light on the premium upgrades but it had enough dazzle to attract multiple bidders. This was a standard tract house when sold new for $422,500 in 2000:
Is there a more popular offering than a dressed-up one story house on large lot in the mid-millions that’s walking distance to the popular LCC High School? Closed at 9% over list price:
The crime of the century was committed at this house. At the end of 2021, the listing agent priced this house at $1,799,000, and then spooned it over to her flipper buddy for $1,650,000 without putting it on the open market. TWO MONTHS LATER, the flipper listed it for $2,895,000 and these sellers paid $3,250,000 in February 2022! Then they listed it for $3,299,000 last month and got it.
GET GOOD HELP!
Having experienced and producing fruit trees on site (two pomegranites, two loquats, dragon-fruit, persimmon, avocado and a fig) may not cause buyers to pay more money, but they sweeten the deal!
Check out our new listing WEST of the 5 freeway in downtown Carlsbad!
1116 Buena Vista Way, Carlsbad
3 br/1.5 ba, 1,000sf
YB: 1958
Lot is 7,100sf
LP = $995,000
Retro beach bungalow on a large 7,100sf lot for this money? Wow! Hardwood floors, vaulted ceiling, new roof, new fence, and new paint too. The lowest sale in Carlsbad this year is $1,050,000 and it wasn’t west of the freeway and walking distance to the vibrant and happening village of Carlsbad! Build yourself a three-car garage with an ADU and you’ll be all set! The 1961 Cadillac limo is negotiable.
Open 12-3pm Saturday June 3rd and 12-2pm on Sunday June 4th.
https://www.compass.com/app/listing/1116-buena-vista-way-carlsbad-ca-92008/1324851182436499489
Here’s a sky shot of the South Carlsbad/Encinitas region in 1967. The La Costa Resort opened in 1965 (in the center of the photo) and another nine holes was added on the north end in 1984.
https://www.omnihotels.com/hotels/san-diego-la-costa/property-details/history/by-decade
Leucadia Blvd. didn’t go through until later, and Rancho Santa Fe Road goes up through San Marcos but there isn’t much else east of El Camino Real!
This is the full 1800×1800 image and should allow you to zoom in on desktops and iphones. I’m not having any luck with the pixel phones yet though!
We received three offers on our new listing, and all were around $2,000,000….well under the list price.
Once you get over $2,000,000, the buyers are putting up some fight.
If the only strategy is to take the best offer – by far the most popular realtor strategy – what do you do? Just select your favorite $2,000,000 agent with biggest down payment and shortest escrow? Or wait another week (or more) and hope there are two in the bush?
Those are the only two choices being employed all around the county. Home sellers have no idea how much money they are leaving on the table – and neither do the agents. It doesn’t occur to anybody that there is any other way to transact.
Spruce them up the best you can. Do the open-house extravaganza. Then counter ALL offerors for their highest-and-best…..and then tell everyone the current high price, and ask them to beat it. When faced with losing the house, buyers are much more likely to keep bidding.
I haven’t found any other agent who does it this way, but I hope they are out there.
I had the sellers agree to raise our list price to the agreed-upon sales price in order to send a message to the rest of the marketplace. I don’t want any of the other listings nearby to drop their price, and I want to be supportive to other buyers in general that the market is fine. Three of the La Costa Valley Six listings have gone pending in the last week!
One more note. When possible, I want to pick the winner on Day Four – it is the peak of the buyer urgency, and interest drops off quickly. Once a listing is more than a month old, buyers are going to lowball – why would you want to be in that predictament? Look how the views taper off:
When the saves are running around 5% of the total views, the online presentation is being well-received. Buyers must like the location, the photos, and the price to want to save another Zillow listing!
The six active listings in La Costa Valley got trimmed to five with Avenida Ciruela going into pending status, and four of the five actives had open house on Saturday! The weather was funky because a 50% chance of rain was forecasted early in the morning, but it never rained. The turnout was moderate (at best) however, and we had one threat of an offer.
We are the least-expensive of the bunch now, and should be the next to drop into the pending category just because of that – but you never know. Camino Serbal has gone quiet and is the one for sale that’s not doing open houses (after having three last weekend), so I think they must be close to a deal.
If we do get one or more offers and can make a deal in the next day or two, it will leave the three in the middle vying for the attention of the remaining buyers:
This is where it will get a little queasy with my sellers.
If we can get into escrow now, and then those three go down later, it might feel like we left money on the table if they end up closing for more. But they might not sell for those prices, or even sell at all.
We’re all in flight, hoping to navigate through a crowded space. Land the plane!
https://www.compass.com/app/listing/2150-corte-cidro-carlsbad-ca-92009/1313902473431353361
This 6,125sf oceanfront home in North Carlsbad listed for $13,200,000 in February. It closed for $11,475,000 cash this week! The sellers had paid $6,350,000 in 2013.
Check out our new listing in La Costa Valley!
2150 Corte Cidro, Carlsbad 92009
5 br/4 ba, 2,631sf
0.23-acre lot
HOA + MR = $202/mo
LP = $2,100,000
Open house 12-3pm on Saturday and Sunday, May 20th & 21st!
Are you looking for the ultimate entertainer’s home with resort-style backyard perched above it all on a hilltop mesa with panoramic views? Check out this dream backyard with a tropical solar-heated pool, slide, swim-up grotto, BBQ island, fire pit, outdoor shower, and plenty of party space. The perfect great room overlooks the lagoon-like pool area so you can keep a close eye on the kiddos and it features an upgraded granite/stainless kitchen too! Multi-gen buyers will love the TWO possible bedrooms/full baths downstairs which are ideal for work-from-home or for guests! Other features include hardwoods, new carpet & paint, fireplace, and plenty of natural light. Wow – this is a trophy property!
https://www.compass.com/app/listing/2150-corte-cidro-carlsbad-ca-92009/1313902473431353361
Open 12-3pm on Saturday and Sunday, May 20th and 21st!
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
