North County Coastal monitor

[ncsd760]

Sitio Corazon wants a 100k pop since July. I think they’ll get it and then some. $839k new in Oct 2012.

https://www.redfin.com/CA/Carlsbad/7141-Sitio-Corazon-92009/home/22391458

[sdrealtor]

FWIW, new comes without paint, window treatments, ladndscape/hardscape etc. Figure minimum another 100K plus. This probably goes 1.5ish

[Anonymous]

>Remember that?

Yes, profhoff and I also remember the refinished hardwood floors which should be an attractive feature for resale. Today’s buyers gladly pay a premium for perfection. Aim high.

[profhoff]

Good times. This was “coming soon” for a day at $1.99m, but I guess the LA had so many desperate calls, they decided to list it after a quick teaser day, but not before adding another $100k to the price, just for fun!

https://www.redfin.com/CA/Encinitas/1059-Summer-Holly-Ln-92024/home/4174583?utm_source=myredfin&utm_medium=email&utm_campaign=instant_listings_update&riftinfo=ZXY9ZW1haWwmbD01NDAyOSZwPWxpc3RpbmdfdXBkYXRlc19pbnN0YW50XzE1JmE9Y2xpY2smcz1zYXZlZF9zZWFyY2gmdD12aWV3X2RldGFpbHMmZW1haWxfaWQ9NTQwMjlfMTYxNTgyNjA5Ml8yJnVwZGF0ZV90eXBlPTEmc2F2ZWRfc2VhcmNoX2lkPTM4OTQxNzgyJmxpc3RpbmdfaWQ9MTI5NTY3Njk5JnByb3BlcnR5X2lkPTQxNzQ1ODMmcG9zaXRpb25fbnVtYmVyPTA=

[profhoff]

This is so much fun. DMH oldie but apparently renovated goodie listed a few days ago at $2.5m, but I guess the LA realized the pricing error and added a couple hundred thousand because why not? Now a steal at $2.7m…

https://www.redfin.com/CA/Del-Mar/14043-Durango-Dr-92014/home/4424916?utm_source=myredfin&utm_medium=email&utm_campaign=recommendations_update&riftinfo=ZXY9ZW1haWwmbD01NDAyOSZwPWxpc3RpbmdfdXBkYXRlc19yZWNvbW1lbmRhdGlvbnMmYT1jbGljayZzPXJlY29tbWVuZGF0aW9ucyZ0PXZpZXdfZGV0YWlscyZlbWFpbF9pZD01NDAyOV8xNjE1ODQ2ODU5XzYmdXBkYXRlX3R5cGU9MyZsaWxyX3Njb3JlPTAuNjMxJmxpc3RpbmdfaWQ9MTI5NTQ1MzI3JnByb3BlcnR5X2lkPTQ0MjQ5MTYmcG9zaXRpb25fbnVtYmVyPTA=

[profhoff]

JtR – aiming as high as the market will allow!

[sdrealtor]

In this kind of market, aim is less important than having the home ready in great shape and easy to see. Get it on the market a couple days before the weekend, schedule The maximum amount of showings you can on Saturday and Sunday then review offers Monday night. The market will take care of the rest. Just field offers, show the buyers a level of respect and they will take great care of you

[ncsd760]

This is insane

https://www.zillow.com/homedetails/348-Fulvia-St-Encinitas-CA-92024/318293975_zpid/

3.81 for the worst lot.

[profhoff]

Stunning. Pending in 4 days and apparently multiple offers to sell over list.

Maybe this will stimulate long time owners to cash out, though I don’t know where they will go.

Then we could venture a prediction that funky town gets luxe with multi-million dollar renovations. Could be a different place in as little as five years.

[ncsd760]

We’ve lived west of 5, east of 101 for 6 years, and the side streets look a lot different already. Every time an older home sells, in 4-5 months it’s been relandscaped, given the “modern minimalist touch” (grey modern fixtures, teak wood fence, minimalist frosted glass garage door) and the true beaters are torn down or given a second story.

Even longtime owners are able to sell ranches and bungalows for low 1mms as long as the lot isn’t too weird. Same for multifamily. The apartment complex on the corner of hillcrest had tenants leave, was taken to the studs, remodeled. A lot of the apartment complexes on vulcan have come up for sale in the past few years.

[profhoff]

Now that Streetscape has started, I’m trying to figure out how that will affect Vulcan, the parking for the restaurants on the 101, and the general look and feel of our beloved funkytown.

It’s looking like you won’t be able to park by the tracks off the 101 and cross the highway to the restaurants.

And I think they are putting fencing up along the tracks except at the roundabouts which means you won’t be able to cross the tracks from Vulcan and houses east to get to the restaurants.

True?

[sdrealtor]

[quote=profhoff]Stunning. Pending in 4 days and apparently multiple offers to sell over list.

Maybe this will stimulate long time owners to cash out, though I don’t know where they will go.

Then we could venture a prediction that funky town gets luxe with multi-million dollar renovations. Could be a different place in as little as five years.[/quote]

Eucalyptus! 1.7M which is pretty much land value for 10K lot. There you have it

1.5 for remodelled with 2/1 ADU on Clark (affectionately referred to as Tortilla Flats by long time locals) might be even more stunning gentrification

[sdrealtor]

I just looked at latest closings and one thing is smacking me in the face. Its the volume of homes selling not only between 1.5 and 2M but between 2 and 4 million along the coast and basically bordered by 56 and 78 to south and North and 15 west to the ocean. Its stunning and could only be happening with a significant influx from markets up north.

Anecdotally on NextDoor two recent LCV asked for places to eat and drink locally after just arriving here. One from Sratoga and the other from Santa Cruz. This is something to see and I wonder how long it will continue. There is no end in sight!

[Hobie]

Is that area a no train horn zone? Any update as to if they were going to underground the tracks. Seems like no, as the flooding at that little park at 101 and Leucadia. But there was talk a while back and you guys are in the know!

[Coronita]

In the middle of a cash out refinance…though at these prices maybe its time to sell and trade into rental properties that cash flow better. While home prices in 92130 have gone bonkers, rent prices arent that insane and renting out a sfh in 92130 is a pain in the ass with pain in thr ass well to do people imho.

https://www.redfin.com/CA/San-Diego/4906-Bridle-Ridge-Ct-92130/home/22651331

$250k closing above asking….chump change for bay area folks i guess.

$669/sqft lol.

[Author]

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