Encinitas - bubbleinfo.com

Encinitas $3,895,000

by Jim the Realtor | Jun 28, 2023 | Bubbleinfo TV, Encinitas

This is about the highest point in Encinitas with a lot of view!

The sellers lowered their price by $100,000 and the buyer then paid it in full:

$5,485,000

by Jim the Realtor | Jun 22, 2023 | Bubbleinfo TV, Encinitas | 3 comments

Hat tip to listing agent Ben who is always gracious about me doing videos of his properties for sale!

This is a custom home built for an Ecke family member as part of the deal when they sold part of their farm, which was then developed into the Encinitas Ranch golf course plus 1,100 tract homes.

Their full story here.

Big Equity Gets Smashed

by Jim the Realtor | Jun 9, 2023 | Bubbleinfo TV, Encinitas, Why You Should List With Jim | 2 comments

In the confidential remarks, it said that the price was discounted due to ‘chimney replacement’…….but a whole $204,000 off? It must have been gold-plated!

As the home-selling season closes out, don’t be surprised if you see more discounts like this:

Encinitas Walkable

by Jim the Realtor | Jun 5, 2023 | Bubbleinfo TV, Encinitas | 1 comment

This listed for $1,899,000 at the beginning of March, but no takers. They reduced to $1,790,000 after a month and let that ride for two more weeks. After that, they cancelled the listing and re-freshed it at $1,749,000. Two weeks later they found a cash buyer who paid $1,725,000. The cabinetry was super-custom but unusual for those who want the bland white kitchen you see on HGTV.

South Carlsbad/Encinitas 1967

by Jim the Realtor | May 31, 2023 | Carlsbad, Encinitas, Leucadia, Local Flavor

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!

Fixer Deluxe Gets 18 Offers

by Jim the Realtor | May 23, 2023 | 2023, Bidding Wars, Encinitas, Estate Sales, Frenzy | 3 comments

I’m going to guess that half of the total NSDCC transactions are estate sales – only because nobody else wants to sell. We’re going to see a lot more like this one – no real improvements except for a few windows:

LP = $1,300,000 and SP = $1,480,000!

Subdued Frenzy

by Jim the Realtor | May 10, 2023 | 2023, Carlsbad, Encinitas, Frenzy, Jim's Take on the Market, Why You Should List With Jim

We closed escrow yesterday in La Costa Valley! The seller is a bubbleinfo reader so obviously we have analyzed our results carefully over the last month. We felt that we did everything right in preparing what we thought was a superior home in the tract and utilized an attractive price, but it wasn’t enough to set off a wild bidding war like back in the frenzy days.

We received five offers, but when presented with the opportunity to submit their highest-and-best price, NONE of the buyers were willing to go up. It made this sales price feel like full retail and differ greatly from the covid-frenzy ultra-low interest rate days when buyers were desperate and would pay any price to win.

Now buyers seem to be patient with today’s shortage of homes for sale and would rather wait, than go crazy on price (there were two higher-priced sales of this model during peak frenzy last year).

Same thing here with six buyers yesterday, where it was very orderly and nobody went nuts on price:

Or maybe the group of homes that deserve a wild bidding war is much smaller than it used to be? This is peak season, so any remaining exuberance should be worked out by July/August.

Final Product Review

by Jim the Realtor | May 7, 2023 | Bubbleinfo TV, Encinitas, Open House, Why You Should List With Jim | 2 comments

Let’s be realistic, shall we?

It’s the original roof, three original bathrooms that look like $60k-80k to fix, original furnace (no A/C), only half of the windows were replaced, no solar, no pool, no spa, no backyard improvements at all – the skimpy old BBQ is a negative and there are more weeds than grass in the yard. The house was built in 1990 so it was designed in the 80s, which means it has a big living room/smaller family room which makes for an odd fit for a 6-br house. Doing our $75k in showing improvements only gets buyers interested – an attractive list price and gentle coddling are needed to get this one closed.

Everything wrong with this property can be fixed with money!

Encinitas – Our New Listing!

by Jim the Realtor | May 3, 2023 | Bubbleinfo TV, Encinitas, Open House, Why You Should List With Jim | 6 comments

1276 Meadow Wood Place, Encinitas

5 bedrooms + bonus room, 3 baths, 2,962sf

0.23-acre lot

YB: 1990

LP = $1,850,000

Open 12-3pm this weekend!

Have you been seeing Encinitas Ranch and La Costa Valley homes selling in the mid-$2 millions and higher, and wish you could get something similar but with a bigger yard on a culdesac for less money?

Check this out!

Downstairs bedroom suite with full bath, hardwood floors, remodeled kitchen, new carpet & paint, new lighting, newer windows, fireplace, 3-car garage, and an extra-large 10,014sf lot that backs to open space. There is enough room to play catch, and this is dog paradise! The 6th bedroom is bonus room upstairs.