North County Coastal monitor

[sdrealtor]

Yes the Cannon property is the one I heard was slated for senior care facility. Jackel was the one I was referencing for more condos, hotel etc.

Crazy on Portofino but DM is a bit different as they sit well above the freeway. In Encinitas you are down in a hole. If you are South of Leucadia Blvd may have to deal with Cottonwood creek watershed issues on the far south end. Personally Id stay away from those types of property unless it was for commercial development.

One Im looking forward to watching is the Echter property across from ER golf course. Really one of kind development slated for that

[sdrealtor]

One of the One Channel homes just closed $65K over top end of range price

[profhoff]

No doubt it was the restaurant quality sound system!

[ncsd760]

And the tiniest plan there is now coming soon for $1.9 on the no-view side right up against the driveway to the custom homes…odds it hits $2m or above?

Also wonder how much the new LCV original condition timewarp goes for. What’s stopping a fully gutted version of that for going for $1.8?

All wild to think about.

[sdrealtor]

I just dont see that getting to $2M and the 1.9 looks like a stretch to me. Last 1 story sale was late Summer at 1.9 for the bigger floor plan and with nice pool added. That was about 200K more from builder plus cost of pool. That one had some saxony noise but this one has no yard and no view. Id go 1.75 but who knows the bounds of the insanity right now particuarly for a newer one story in Encinitas relatiely close to beach.

Im gonna go with 1.575-1.6 for that LCV one. I think VLN is one of the nicest streets here and to have a nice size yard like that on that side of the street adds value. I also prefer the Plan 3 over the Plan 4 up there as a better design.

Its just nuts and I dont love it when prices get this high. This neighborhood is so attractive to young families and having prices as high as they are tends to bring in older families and folks. The young families really should be the life blood of this place.

[ncsd760]

I agree that prices this high really change the character in some of the tracts myself and people who grew up here would consider “family areas”. Those areas are made for young families with kids and I don’t see people like that being able to buy in here as much. Some of the original LCO and LCV families got those as first or second homes (as families) …teachers etc could live in those communities…just unsure what that dynamic is now.

Even looking at areas like Village Park or Rancho Ponderosa where we had “starters” those prices are so high for young families. Where do the younger folks go ?

[Anonymous]

Good for you, profhoff!

[profhoff]

Thanks, JtR! It’s been a wild ride. Super glad you convinced us not to bail on the Waters End house 3 days before closing when we discovered they wrecked the floors dragging out the fridge. Remember that?

[profhoff]

Hurry! Reviewing offers in 7 hours and 25 minutes! This Cardiff twinhome sold 8 months ago for $1.565m. Now offered for $1.95m. Renovated BEFORE the 8 month sale…

https://www.redfin.com/CA/Cardiff/2129-Montgomery-Ave-92007/home/4140065

Insane.

[profhoff]

ncsd760 – have you seen this one that just popped up on Fulvia? $4.6m. 1/2 acre. Still time to customize! No vu. Doesn’t it flood there?

https://www.compass.com/listing/437-fulvia-street-encinitas-ca-92024/735638314903305793/

[sdrealtor]

NCSD
Yes its quite the quandry. I bought my first townhome inSeagate Village and moved up to LCV 20 years ago. My neighbors here at the time included firemen, park rangers and my kids Kindergarten teacher at ECC. Thats just not possible anymore for most.

In the absence of super high paying tech jobs or family help I think the answer comes down to two key things. First and foremost, your first purchase is the key and its best if possible to make that one in a downturn. Then you are on the train and can ride values back up building equity you can leverage 4X. Second, while it was possible to get to that that forever home in 2 steps its likely gonna take 3 or even 4 to get there. The game has changed and its possible for young families to get there. They just need to be patient and be well advised.

[sdrealtor]

profhoff, the market feels like its popped about 20% since last Summer many places in SD

[ncsd760]

[quote=profhoff]ncsd760 – have you seen this one that just popped up on Fulvia? $4.6m. 1/2 acre. Still time to customize! No vu. Doesn’t it flood there?

https://www.compass.com/listing/437-fulvia-street-encinitas-ca-92024/735638314903305793/%5B/quote%5D

Yes this area definitely floods and a cynic in me wants to say there may be freeway noise from this spot as well. The home isn’t even that big to be honest, and I’d rather have a simple 1 bedroom ADU and perhaps more yard?

Also – the ADU looks mighty close to the butt end of the main house. I would rather the builder just wait for me to decide how big of a ADU unit (and where) I want it….not my speed. Someone will gush over it.

[sdrealtor]

Wow, just looked at that. It that’s anything close to 4.5m my client is over 5m

[profhoff]

Fasten your seat belts. We are in for a wild spring!

[Author]

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