rancho santa fe auction — 14723 Calle Carla – MLS# 071071438

[stallionman]

Hi there —

I’ve been lurking on this board the past few weeks — great place. I’m wondering whether anyone has any knowledge on 14723 Calle Carla – MLS# 071071438; it went to auction today in Rancho Santa
Fe. I looked at the property a few times when they were asking $2M and then it dropped to $1.775 and then went to auction with a starting bid of $1.299. Did it sell today and if so, do you know what the final price was? Was there a lot of interest?

Thanks!

StallionMan

[bsrsharma]

Raptorduck is very keen on buying in RSF; he may have some observations. Somewhat surprising for a RSF property to go on the auction block. I was thinking properties in that range are less sensitive to mortgage/economy. If RSF, Beverly Hills etc, start having problems, the rot is much deeper. I would like to know the story too!

[bsrsharma]

Raptorduck is very keen on buying in RSF; he may have some observations. Somewhat surprising for a RSF property to go on the auction block. I was thinking properties in that range are less sensitive to mortgage/economy. If RSF, Beverly Hills etc, start having problems, the rot is much deeper. I would like to know the story too!

[bsrsharma]

Raptorduck is very keen on buying in RSF; he may have some observations. Somewhat surprising for a RSF property to go on the auction block. I was thinking properties in that range are less sensitive to mortgage/economy. If RSF, Beverly Hills etc, start having problems, the rot is much deeper. I would like to know the story too!

[bsrsharma]

Raptorduck is very keen on buying in RSF; he may have some observations. Somewhat surprising for a RSF property to go on the auction block. I was thinking properties in that range are less sensitive to mortgage/economy. If RSF, Beverly Hills etc, start having problems, the rot is much deeper. I would like to know the story too!

[SD Realtor]

I always love these “live auctions” aka desperation moves. Nice looking home. Let’s see if the home goes pending in the next few days. Mortgage wise there is a 1M recording in 2002 and then another 750k recorded in 2004. Something tells me they are not going to accept anything that will put them in a short sale situation but I guess we will see.

SD Realtor

[SD Realtor]

I always love these “live auctions” aka desperation moves. Nice looking home. Let’s see if the home goes pending in the next few days. Mortgage wise there is a 1M recording in 2002 and then another 750k recorded in 2004. Something tells me they are not going to accept anything that will put them in a short sale situation but I guess we will see.

SD Realtor

[SD Realtor]

I always love these “live auctions” aka desperation moves. Nice looking home. Let’s see if the home goes pending in the next few days. Mortgage wise there is a 1M recording in 2002 and then another 750k recorded in 2004. Something tells me they are not going to accept anything that will put them in a short sale situation but I guess we will see.

SD Realtor

[SD Realtor]

I always love these “live auctions” aka desperation moves. Nice looking home. Let’s see if the home goes pending in the next few days. Mortgage wise there is a 1M recording in 2002 and then another 750k recorded in 2004. Something tells me they are not going to accept anything that will put them in a short sale situation but I guess we will see.

SD Realtor

[raptorduck]

I did hear about this house, but did not view it. Although it has a good size lot and is in a nice area (Del Mar Country Club), it is less than 1/2 the size I am looking for and not my style. I did look at a house just up the street on the golf course, so know the area is quite nice.

I don’t recall what I heard about this house. It was something interesting, but I won’t try to guess what it was as I might get it wrong.

Seller does not have to accept an auction bid, so setting the starting bid so low does not tell you much. It is a way to test the market though. Up here in the bay area, a house recently went on auction in Los Altos. It was a 5br 3,800 sf home on a 15k sf lot. Original listing was $2.6 million. Problem is that it is on a busy street. While nice homes on nice streets are still selling for asking in that area, any home that is on a busy street or needs updating is sitting longer and not selling for asking. It went on auction and the highest bid was $2.2 million. Seller did not accept it and it went back on the market. It recently sold for that exact same amount, $2.2 million.

One thing I like about being on the market so long as a buyer, is that I have gotten to see what homes I viewed sold for and how long they were on the market. I have learned so much, every day it makes me a more informed buyer and better tuned into appropriate pricing. I figure after another year of this, I should be ready to buy. I don’t plan on writing any new offers before the spring or summer of 2008. But I am looking at the market every day and checking in with my agent every two weeks or so.

[raptorduck]

I did hear about this house, but did not view it. Although it has a good size lot and is in a nice area (Del Mar Country Club), it is less than 1/2 the size I am looking for and not my style. I did look at a house just up the street on the golf course, so know the area is quite nice.

I don’t recall what I heard about this house. It was something interesting, but I won’t try to guess what it was as I might get it wrong.

Seller does not have to accept an auction bid, so setting the starting bid so low does not tell you much. It is a way to test the market though. Up here in the bay area, a house recently went on auction in Los Altos. It was a 5br 3,800 sf home on a 15k sf lot. Original listing was $2.6 million. Problem is that it is on a busy street. While nice homes on nice streets are still selling for asking in that area, any home that is on a busy street or needs updating is sitting longer and not selling for asking. It went on auction and the highest bid was $2.2 million. Seller did not accept it and it went back on the market. It recently sold for that exact same amount, $2.2 million.

One thing I like about being on the market so long as a buyer, is that I have gotten to see what homes I viewed sold for and how long they were on the market. I have learned so much, every day it makes me a more informed buyer and better tuned into appropriate pricing. I figure after another year of this, I should be ready to buy. I don’t plan on writing any new offers before the spring or summer of 2008. But I am looking at the market every day and checking in with my agent every two weeks or so.

[raptorduck]

I did hear about this house, but did not view it. Although it has a good size lot and is in a nice area (Del Mar Country Club), it is less than 1/2 the size I am looking for and not my style. I did look at a house just up the street on the golf course, so know the area is quite nice.

I don’t recall what I heard about this house. It was something interesting, but I won’t try to guess what it was as I might get it wrong.

Seller does not have to accept an auction bid, so setting the starting bid so low does not tell you much. It is a way to test the market though. Up here in the bay area, a house recently went on auction in Los Altos. It was a 5br 3,800 sf home on a 15k sf lot. Original listing was $2.6 million. Problem is that it is on a busy street. While nice homes on nice streets are still selling for asking in that area, any home that is on a busy street or needs updating is sitting longer and not selling for asking. It went on auction and the highest bid was $2.2 million. Seller did not accept it and it went back on the market. It recently sold for that exact same amount, $2.2 million.

One thing I like about being on the market so long as a buyer, is that I have gotten to see what homes I viewed sold for and how long they were on the market. I have learned so much, every day it makes me a more informed buyer and better tuned into appropriate pricing. I figure after another year of this, I should be ready to buy. I don’t plan on writing any new offers before the spring or summer of 2008. But I am looking at the market every day and checking in with my agent every two weeks or so.

[raptorduck]

I did hear about this house, but did not view it. Although it has a good size lot and is in a nice area (Del Mar Country Club), it is less than 1/2 the size I am looking for and not my style. I did look at a house just up the street on the golf course, so know the area is quite nice.

I don’t recall what I heard about this house. It was something interesting, but I won’t try to guess what it was as I might get it wrong.

Seller does not have to accept an auction bid, so setting the starting bid so low does not tell you much. It is a way to test the market though. Up here in the bay area, a house recently went on auction in Los Altos. It was a 5br 3,800 sf home on a 15k sf lot. Original listing was $2.6 million. Problem is that it is on a busy street. While nice homes on nice streets are still selling for asking in that area, any home that is on a busy street or needs updating is sitting longer and not selling for asking. It went on auction and the highest bid was $2.2 million. Seller did not accept it and it went back on the market. It recently sold for that exact same amount, $2.2 million.

One thing I like about being on the market so long as a buyer, is that I have gotten to see what homes I viewed sold for and how long they were on the market. I have learned so much, every day it makes me a more informed buyer and better tuned into appropriate pricing. I figure after another year of this, I should be ready to buy. I don’t plan on writing any new offers before the spring or summer of 2008. But I am looking at the market every day and checking in with my agent every two weeks or so.

[Raybyrnes]

raptorduck

Can you share wiht us what you have found with respect to pricing on homes that you looked at and actually sold. It might provide insight into how the high end is holding up. Are homes selling for asking price or below asking.

[Raybyrnes]

raptorduck

Can you share wiht us what you have found with respect to pricing on homes that you looked at and actually sold. It might provide insight into how the high end is holding up. Are homes selling for asking price or below asking.

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