Big-Timers

by | Nov 27, 2015 | Interesting Houses, La Jolla, Rancho Santa Fe | 1 comment

Q

From the wsj.com:

Andrew Viterbi, co-founder of wireless giant Qualcomm, has listed his sculptural home for $60 million:

http://www.wsj.com/articles/qualcomms-andrew-viterbi-lists-california-estate-for-60-million-1448463373

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ted

From the latimes.com:

Billionaire philanthropist Ted Waitt, who in recent months has bought a house in Beverly Hills and listed another for sale in Hollywood Hills West, has put his estate in La Jolla on the market for $22.9 million.

http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-ted-waitt-house-20151124-story.html

Mid-Summer $1M Market

by | Sep 1, 2015 | Del Mar, Jim's Take on the Market, La Jolla, North County Coastal, Rancho Santa Fe, Sales and Price Check

Summer 2015

The OC Register is reporting that million-dollar sales in Orange County are down 12% this mid-summer.  We’re watching the sales counts closely, because we know that is the leading indicator for the market.

How about our north county coastal region?

The OCR only looked at zip codes that had a $1,000,000 median sales price, which in our case, excludes all four zips in Carlsbad.

Here are the stats on the Encinitas-to-La Jolla sales over $1,000,000 (where 91% of the active listings today are over $1M) between July 13th and August 11th:

Year
# of Sales
Median SP
Avg $/sf
Avg SP
Avg DOM
2013
107
$1,560,000
$570/sf
$2,021,119
57
2014
111
$1,600,000
$593/sf
$1,849,571
62
2015
121
$1,500,000
$585/sf
$2,062,434
56

Our $1M sales count was up 9% YoY, instead of down – yippee!  But nobody in this market should get giddy about pricing in general – it is flat, at best.

Sharper Pricing?

by | Oct 7, 2014 | Carmel Valley, Encinitas, Jim's Take on the Market, La Jolla, Rancho Santa Fe, Sales and Price Check | 2 comments

How is the fourth quarter rolling out?

Are sellers feeling pressured to lower their price?  Are buyers stepping up?

Here are the pricing trends in our local areas:

SE Carlsbad – List and sales pricing converging should cause an active 4th quarter – unless buyers decide to wait-and-see where this is going:

Oct 2014 92009

Encinitas – An example of what can happen when pricing converges here, where buyers backed off starting in April.  But sellers are proud, and heck, it’s only money:

Oct 2014 92024

Rancho Santa Fe – This is how they roll in the Ranch – put a price on it, and wait for someone to come along.  It results in a meandering trend:

Oct 2014 92067

Carmel Valley – Stunning to see average list pricing in decline since April – but it’s been working.  It keeps the sales momentum rolling:

Oct 2014 92130

La Jolla – List pricing took off in the beginning of 2013, but buyers cooled off for a full year before coming back around in 2014, price-wise:

Oct 2014 92037

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