This house shows on Zillow as 1.2M May 2020. Honestly Zillow was wrong and this time last year more like 1.25M maybe even 1.3M. I can hit this house with a pitching wedge from my driveway. BTW, its not 6BR (the first owner spent $1,000 enclosing the upstairs loft) and its not 2800 sq ft (I live in the same house and have the actual builders blue prints for these homes its 2686 sq ft).
At the higher valuation its 42% appreciation and at Zillow valuation its 54% y-o-y. Same floorplan sold 4 times last 9 months between 1.225 and 1.285. Two of those were very nice locations, one was a far inferior location and another was one of the 5 best lots/locations in a community of 1053 homes but needed a good 20K of overgrown tree removal. Starting to getting the comps that prove what I have been talking about the last month or so.[/quote]
Ok so something on Camino Serbal is going to close at $2 mil now? Wait that’s too low, let’s say $2.25 mil. But why stop there, how about we say $2.5 mil before the year is up? Come to think of it, let’s go with $2.75 mil. Actually, let’s just make it a nice even $3 mil, wtf.
I’m going to need a thesaurus to come up with more adjectives to describe this market.[/quote]
Ok so $1.9 mil for 3,174 sqft on Camino Robledo in LCV.
$1.9 million tract home. Sdr who built this part of LCV? Not that the builder matters anymore.[/quote]
Shea for the Robledo. KB for the Helecho one.[/quote]
Thanks. Just realized Robledo closed for $405K over list. $405,000 OVER list. That’s Four Hundred and Five Thousand Dollars over list. La Costa Valley.[/quote]
Correct on builders. When Helecho sold there were six or seven buyers who did not get it and knew about where it went. Add another two or three or more new buyers each week and the bar keeps rising. A nicer home on a good lot would easily crest $2m. When I bought mine in 99 I thought some day it would be worth a million around when my youngest goes off to college. Never would have dreamed I’d be closer to $2 than $1m when she did but here i am. This was never a part of the plan
