[quote=AN][quote=sdrealtor]Just to clarify, its not the creme of the crop that CAR and I are referring to its it the bread and butter. Not the primo houses but the good solid houses in the starter and 1st level move-up neighborhoods that we are talking about. There are some less desireable areas that you have stumbled upon which share a ZIP code but are very different locations/neighborhoods. When you look at 92009 stick with houses South of La Costa Blvd and you should be OK.[/quote]
Let me clarify what I mean by cream of the crop. I didn’t mean the primo house in the entire 92009/92024 area. I was thinking more local. cream of the crop are the houses that’s in the best location and have the most desirable floor plan (compare to its direct competitor), be it a 1500 sq-ft house or 2500 sq-ft or 3500 sq-ft house. Someone who’s looking for a 2500 sq-ft house won’t shop for a 1500 sq-ft house. So the best of the best in that area will keep its value the most. As CAR points out with these 2 examples: http://www.sdlookup.com/MLS-100007478-2903_Cacatua_St_Carlsbad_CA_92009 http://www.sdlookup.com/MLS-100005784-2911_Rancho_Cortes_Carlsbad_CA_92009
You don’t need to be entry level to keep your value.
BTW, http://www.sdlookup.com/MLS-100011141-3007_Cadencia_St_Carlsbad_CA_92009 this one is south of La Costa Blvd in a pretty nice location on over 1/4 acre. Currently listing for $585k and sold for $770k in 2005. Am I missing something w/ this one? It has only been on the market for 2 days, so maybe they’ll get flooded with offers and the sold price will be closer to 650-700k (50k-100k off peak as you and CAR are referring to). Or is this not good enough of a property to keep its value?[/quote]
I’d be surprised if that one sells in the $650K-$700K range. It is very, very overgrown — and I’m a “tree hugger” saying this. It also has dark wood siding which will probably limit the buyer pool.
From the outside (haven’t been inside this house), it looks dated and like it will need a fair amount of updating and maintenace. It also has a slope, which is a potential problem in this n’hood (mudslides, drainage, and foundation problems abound because of the soil in this area).
I think the Cadencia house will close between $575K and maybe $650K.
