North County Coastal monitor

[profhoff]

The “shangri-la” on Sheridan (one of the high priced listings in Leucadia that sdrealtor was referring) just listed at $6.9m.

It sold around 8 MONTHS ago for $5.399m. That’s right. Let’s increase the price 28% in less than a year, because, why not?

https://www.redfin.com/CA/Encinitas/2054-Sheridan-Rd-92024/home/3783690

[sdrealtor]

[quote=The-Shoveler]Unintended consequences,

IMO Fastest way to lose home value is HOA.[/quote]

Really depends upon if they provide value. I think mine does. Great facilities,, lots of open space, well run and low cost for what we get that’s been very stable for over twenty years

[profhoff]

HOAs can be annoying, but the upside is that it prevents people parking on their lawns, neglecting to pull their weeds, and other eyesores that hurt property values.

So, on balance, they serve a purpose, but they aren’t for everybody.

[sdrealtor]

[quote=profhoff]The “shangri-la” on Sheridan (one of the high priced listings in Leucadia that sdrealtor was referring) just listed at $6.9m.

It sold around 8 MONTHS ago for $5.399m. That’s right. Let’s increase the price 28% in less than a year, because, why not?

https://www.redfin.com/CA/Encinitas/2054-Sheridan-Rd-92024/home/3783690%5B/quote%5D

Properties like that much harder to value and more negotiable. The fact homes are being listed and selling in these ranges speaks volumes as to how much has changed

And agree on HOAs. All depends. After 22 years of being asked to volunteer for something I finally did and I’m a member of the architecture committee that reviews submissions to make improvements or changes that impact the exterior of house or property

[The-Shoveler]

Just seems when you look at two housing tracts built at about the same time in same general area with similar houses, the tract without HOA sells at a higher price from what I have seen.

Double difference if mello roos as well.

It would be interesting (because generally there is little choice when you buy a house), if there was a poll on how many living in an HOA wish they could opt out.

[sdrealtor]

So many factors involved that it is hard to generalize like that. I like having someone oversee things. I love access to trails, pool, spa, gym, tennis, parks and more. I think most in my neighborhood would agree as those that dont self select out. It really depends upon the HOA and how much they try to control. I find ours very even handed

[The-Shoveler]

OK I can see some benefits to some HOA’s ( My mothers Condo sits on a golf course I could use any time “hmm seems I never have use it but it is nice to look at).

Most HOA’s just have maybe a park if your lucky.

Seems I remember a time (being an old fart) when a lot of that stuff was provided by the City out of your 1% tax rate lol.

[sdrealtor]

I may be wrong but always thought the 1% went to the state. it’s everything above that which goes to local governments

[sdrealtor]

Not gonna call this a shift in the market but watching as closely as I do, Im seeing something I have not in a while. Im starting to see a steadier, bigger stream of nice 1st or 2nd level move up homes hit the market. Not the entry level but 4 – 5 BR with 3 – 4 baths and 2400 to 4000 sq ft nice homes hit the market in noticeably larger numbers. It should show up the data soon.

This will be a good test for the market. Lately we have had them dribbling out with a big group of buyers fighting over them. Now there will start to be more for them to choose from and we will begin to see how deep the buyer pool is. I think the market will absorb them easily for the time being.

The question is do the flow turn into a torrent? Anecdotally Ive seen some coming up from people I wouldve thought were dug in for a long time. Prices have risen to levels that are starting to get the attention of long term residents who may be tempted. One near and dear to me is about to hit the market and Im very happy it is. I’ll just leave it at that

[ncsd760]

Is this your way of saying you’re moving sdr?

[sdrealtor]

[quote=ncsd760]Is this your way of saying you’re moving sdr?[/quote]

My moving plans at this point would involve a pinebox and me in it! More like my least favorite neighbor:)

Sadly we lost a NCC real estate icon to those in biz this week. Peter B was a true character, one of a kind and life of the party kind of a guy. Everyone whose been around La Costa RE has a great Peter B story. One day I’ll share mine here

[profhoff]

DMH eye-poppin’ price – original split level floor plan sells for $356k (27%) over list. Pending in 7 days, so I guess that’s how long it takes to sift through the offers and do a round of best and final?

https://www.redfin.com/CA/Del-Mar/13883-Boquita-Dr-92014/home/4430414

[sdrealtor]

It was listed low and that’s a nice size usable lot. Basically land value

[ncsd760]

150k over asking. Front and back landscaping (and upgrades) were nothing crazy except for the kitchen where they swapped the fridge with the pantry though the lot is one of the better ones on the rim. There are ones facing due west with an even bigger and clearer view that I’m sure can go for 2mm+ now.

I think this is a record sale for that section of LCO.

https://www.redfin.com/CA/Carlsbad/7095-Sitio-Caliente-92009/home/22420814

[ncsd760]

150k over asking. Front and back landscaping (and upgrades) were nothing crazy except for the kitchen where they swapped the fridge with the pantry though the lot is one of the better ones on the rim. There are ones facing due west with an even bigger and clearer view that I’m sure can go for 2mm+ now.

I think this is a record sale for that section of LCO.

https://www.redfin.com/CA/Carlsbad/7095-Sitio-Caliente-92009/home/22420814

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