Zillow has every reason to be the nation’s real estate cheerleader since they derive the bulk of their income from realtors. They had been predicting 3% to 6% appreciation locally this year….at least up until two weeks ago.
Something has changed:
Carlsbad NW – 92008
Carlsbad SE – 92009
Carlsbad NE – 92010
Carlsbad SW – 92011
Carmel Valley – 92130
Del Mar – 92014
Encinitas – 92024
La Jolla – 92037
Carmel Valley out in front with a +2% over the next year? Yikes!
It means they think that everywhere else will be flat, at best.
If you want to be right in the thick of things in downtown Encinitas AND be able to jump on a train in a hot minute, then I have a deal for you! The roof deck adds real living space and you can see all of downtown!
It was so great to start the tour today with Pete’s new listing on the Encinitas Ranch Golf Course whose owners succumbed to the problem at hand. They get hit by golf balls, so provide a barrier and live with it.
This is way better than the alternative where potential buyers have to wonder about the impact. Know this – when a golf ball hits your roof, it sounds like a bomb went off.
My only thought when seeing thas property was whether Kellen Winslow Jr would affect the outcome or if whether we are beyond that now. He bought his new for $2,871,000 in 2015 and had to cheap sell it for $2,850,000 in 2019 when he got into trouble.
But even his house resold for $4,800,000 last year, so no lingering after effects, apparently.
Not having much of an ocean view (when many of the neighbors have a full ocean view) was a little disappointing, so a slight discount might have been in order along with a nice easy cash deal and a $2,000,000 profit for the seller.
