Encinitas SFR under 500k finally!

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Submitted by 92024 on December 15, 2007 - 12:05am

Have not seen this for a couple of years at least. About a year or so ago I watched them fall to 599, now it is downto 499k. Any of your real estate geniuses have a graph or some data on what has actually happened in ENC in the last 3-5 years. I would be very interested. I am waiting for 399K

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Have not seen this for a
Submitted by Eugene on December 15, 2007 - 3:30am.

Have not seen this for a couple of years at least.

Maybe you weren't paying attention?

203 Rosebay Dr was sold just this April for 400k. Yeah it's 2br/1ba and 827 sf, but it's very much a SFR. 195 Rosebay in January (3br). A house exactly like the one you're referring to (146 Village Run West, 3br, 1300 sf) sold at the height of the market for 485k.

Sorry esmith but I guess you
Submitted by sdrealtor on December 15, 2007 - 8:43am.

Sorry esmith but I guess you have never been to Encinitas. Rosebay is in Pacific Serena or what we locals call Geritol Hill. It used to be a 55+ community but isnt age restricted. It is VERY MUCH NOT an SFR. It is a duplex attached at the garage.

I have seen houses like the one you mention in VP sell in the mid 600's.

I am actually about to lose a bet with a colleague that we would see an SFR close in Encinitas on the MLS below $500K in 2007. We may get to 399K but that would be a stretch IMO.

Yeah you're right, zillow
Submitted by Eugene on December 15, 2007 - 1:04pm.

Yeah you're right, zillow says it's a SFR but apparently it's not.

I also see these SFR sales under 500k since 2005
1033 Elmview Dr (may be a false record)
146 Village Run W
849 Clark Ave
785 La Mirada Ave
1791 Caliban Dr

esmith Not one of those was
Submitted by sdrealtor on December 15, 2007 - 2:30pm.

esmith
Not one of those was an MLS sale and there is no way of knowing what the nature of those sales was. They were not open market arms length transactions.

There will always be below market sales that occur for one reason or another be it someone getting taken advantage of, someone selling to a family member/friend etc.

Once again there has not been an MLS sale for an SFR in 92024 under 500K for nearly 4 years. Stop trying to disprove a point that is factually correct.

Thank you sdrealtor. I was
Submitted by 92024 on December 15, 2007 - 10:30pm.

Thank you sdrealtor. I was just about to lay a pimp slap on esimth, but you did it just fine for me. Hope you lose that bet sooner then later!

I've been watching that area
Submitted by CA renter on December 16, 2007 - 1:10am.

I've been watching that area over the years also. SDrealtor is correct, as that listing marked a landmark for me as well.

While there might have been some other sales under $500K, there have NOT been any listings under that for a 3/2 over 1200 sf -- at least none that I was ever aware of.

Best of all, that house has been there for at least a week, IIRC. In the "good old days" it would have been gone within an hour at that price. Will be interesting to see what happens with it.