Upper MId to Lower High End Market in NCC

[pemeliza]

Even though you didn’t mention the listing I knew exactly which one you were talking about immmediately.

http://www.sdlookup.com/MLS-100019830-7143_Babilonia_St_Carlsbad_CA_92009

I tell you what CAR, the short sale on Obelisco Pl that went low seems to have crushed this area of La Costa:

http://www.zillow.com/homedetails/2637-Obelisco-Pl-Carlsbad-CA-92009/16656942_zpid/

This shows what a couple of distressed properties can do to a local submarket. That sale price of 1M is unquestionably a 2000 price. I was looking in the area during that time. The power line and school district hurt the value but that was a great deal IMHO. That is my favorite part of La Costa because as you said those are true custom ocean view estates.

We put a strong bid on this REO but got outbid by a wide margin:

http://www.zillow.com/homedetails/2618-Obelisco-Pl-Carlsbad-CA-92009/16656946_zpid/

Looking at the direction that neighborhood is headed, it is a good thing we didn’t get the house.

Save your ammo CAR. Things seem to be going your way.

[sdrealtor]

CAR the problem is your are seeing from cyberspace and not the ground. You never saw it. That area is a completely different animal then our area. I showed that house and it was hideous IMO. It needed several hundred thousand dollars and it still was a horrendous floorplan. The living area was upstairs and the bedrooms were downstairs dark, smelly and cavelike. It had no yard, powerlines and is a neighborhood favored by retirees and 2nd home owners. Even at $1M to make it nice will require minimum of $300K. Even then it will be a poorly designed lumbering elephant.

Functionally obsolete, poorly designed, poorly located homes like that are completely dettached from the mainstream market in NCC. If you want one you can get a deal on it but dont expect it to have any impact on Olivenhain.

I just ran some numbers and in the combined 92024, 92009 and 92011 on average a house sells every single day between 800K and 1.2M. Looking at pendings and contingents shows that number could be 2 or more a day if there was appropriate supply.

[sdrealtor]

CAR the problem is your are seeing from cyberspace and not the ground. You never saw it. That area is a completely different animal then our area. I showed that house and it was hideous IMO. It needed several hundred thousand dollars and it still was a horrendous floorplan. The living area was upstairs and the bedrooms were downstairs dark, smelly and cavelike. It had no yard, powerlines and is a neighborhood favored by retirees and 2nd home owners. Even at $1M to make it nice will require minimum of $300K. Even then it will be a poorly designed lumbering elephant.

Functionally obsolete, poorly designed, poorly located homes like that are completely dettached from the mainstream market in NCC. If you want one you can get a deal on it but dont expect it to have any impact on Olivenhain.

I just ran some numbers and in the combined 92024, 92009 and 92011 on average a house sells every single day between 800K and 1.2M. Looking at pendings and contingents shows that number could be 2 or more a day if there was appropriate supply.

[sdrealtor]

CAR the problem is your are seeing from cyberspace and not the ground. You never saw it. That area is a completely different animal then our area. I showed that house and it was hideous IMO. It needed several hundred thousand dollars and it still was a horrendous floorplan. The living area was upstairs and the bedrooms were downstairs dark, smelly and cavelike. It had no yard, powerlines and is a neighborhood favored by retirees and 2nd home owners. Even at $1M to make it nice will require minimum of $300K. Even then it will be a poorly designed lumbering elephant.

Functionally obsolete, poorly designed, poorly located homes like that are completely dettached from the mainstream market in NCC. If you want one you can get a deal on it but dont expect it to have any impact on Olivenhain.

I just ran some numbers and in the combined 92024, 92009 and 92011 on average a house sells every single day between 800K and 1.2M. Looking at pendings and contingents shows that number could be 2 or more a day if there was appropriate supply.

[sdrealtor]

CAR the problem is your are seeing from cyberspace and not the ground. You never saw it. That area is a completely different animal then our area. I showed that house and it was hideous IMO. It needed several hundred thousand dollars and it still was a horrendous floorplan. The living area was upstairs and the bedrooms were downstairs dark, smelly and cavelike. It had no yard, powerlines and is a neighborhood favored by retirees and 2nd home owners. Even at $1M to make it nice will require minimum of $300K. Even then it will be a poorly designed lumbering elephant.

Functionally obsolete, poorly designed, poorly located homes like that are completely dettached from the mainstream market in NCC. If you want one you can get a deal on it but dont expect it to have any impact on Olivenhain.

I just ran some numbers and in the combined 92024, 92009 and 92011 on average a house sells every single day between 800K and 1.2M. Looking at pendings and contingents shows that number could be 2 or more a day if there was appropriate supply.

[sdrealtor]

CAR the problem is your are seeing from cyberspace and not the ground. You never saw it. That area is a completely different animal then our area. I showed that house and it was hideous IMO. It needed several hundred thousand dollars and it still was a horrendous floorplan. The living area was upstairs and the bedrooms were downstairs dark, smelly and cavelike. It had no yard, powerlines and is a neighborhood favored by retirees and 2nd home owners. Even at $1M to make it nice will require minimum of $300K. Even then it will be a poorly designed lumbering elephant.

Functionally obsolete, poorly designed, poorly located homes like that are completely dettached from the mainstream market in NCC. If you want one you can get a deal on it but dont expect it to have any impact on Olivenhain.

I just ran some numbers and in the combined 92024, 92009 and 92011 on average a house sells every single day between 800K and 1.2M. Looking at pendings and contingents shows that number could be 2 or more a day if there was appropriate supply.

[sdrealtor]

BTW, the 1988 Olivenhain home I posted about that was trapped in time and listed at 950K. The one the SD County expert predicted a price of 875K on. It got offers almost immediately.

[sdrealtor]

BTW, the 1988 Olivenhain home I posted about that was trapped in time and listed at 950K. The one the SD County expert predicted a price of 875K on. It got offers almost immediately.

[sdrealtor]

BTW, the 1988 Olivenhain home I posted about that was trapped in time and listed at 950K. The one the SD County expert predicted a price of 875K on. It got offers almost immediately.

[sdrealtor]

BTW, the 1988 Olivenhain home I posted about that was trapped in time and listed at 950K. The one the SD County expert predicted a price of 875K on. It got offers almost immediately.

[sdrealtor]

BTW, the 1988 Olivenhain home I posted about that was trapped in time and listed at 950K. The one the SD County expert predicted a price of 875K on. It got offers almost immediately.

[CA renter]

[quote=pemeliza]Even though you didn’t mention the listing I knew exactly which one you were talking about immmediately.

http://www.sdlookup.com/MLS-100019830-7143_Babilonia_St_Carlsbad_CA_92009

I tell you what CAR, the short sale on Obelisco Pl that went low seems to have crushed this area of La Costa:

http://www.zillow.com/homedetails/2637-Obelisco-Pl-Carlsbad-CA-92009/16656942_zpid/

This shows what a couple of distressed properties can do to a local submarket. That sale price of 1M is unquestionably a 2000 price. I was looking in the area during that time. The power line and school district hurt the value but that was a great deal IMHO. That is my favorite part of La Costa because as you said those are true custom ocean view estates.

We put a strong bid on this REO but got outbid by a wide margin:

http://www.zillow.com/homedetails/2618-Obelisco-Pl-Carlsbad-CA-92009/16656946_zpid/

Looking at the direction that neighborhood is headed, it is a good thing we didn’t get the house.

Save your ammo CAR. Things seem to be going your way.[/quote]

Yes, that’s the one. Thanks for the link, Pemeliza. 🙂

The one on Obelisco would have been a good deal for you. It’s a very nice area, with some of the most gorgeous lagoon and ocean views in North County, IMHO.

You seem to be happy with your purchase, though, right? Did you buy a comparable house? In a way, I’m envious of your position; at least you are done! 😉

[CA renter]

[quote=pemeliza]Even though you didn’t mention the listing I knew exactly which one you were talking about immmediately.

http://www.sdlookup.com/MLS-100019830-7143_Babilonia_St_Carlsbad_CA_92009

I tell you what CAR, the short sale on Obelisco Pl that went low seems to have crushed this area of La Costa:

http://www.zillow.com/homedetails/2637-Obelisco-Pl-Carlsbad-CA-92009/16656942_zpid/

This shows what a couple of distressed properties can do to a local submarket. That sale price of 1M is unquestionably a 2000 price. I was looking in the area during that time. The power line and school district hurt the value but that was a great deal IMHO. That is my favorite part of La Costa because as you said those are true custom ocean view estates.

We put a strong bid on this REO but got outbid by a wide margin:

http://www.zillow.com/homedetails/2618-Obelisco-Pl-Carlsbad-CA-92009/16656946_zpid/

Looking at the direction that neighborhood is headed, it is a good thing we didn’t get the house.

Save your ammo CAR. Things seem to be going your way.[/quote]

Yes, that’s the one. Thanks for the link, Pemeliza. 🙂

The one on Obelisco would have been a good deal for you. It’s a very nice area, with some of the most gorgeous lagoon and ocean views in North County, IMHO.

You seem to be happy with your purchase, though, right? Did you buy a comparable house? In a way, I’m envious of your position; at least you are done! 😉

[CA renter]

[quote=pemeliza]Even though you didn’t mention the listing I knew exactly which one you were talking about immmediately.

http://www.sdlookup.com/MLS-100019830-7143_Babilonia_St_Carlsbad_CA_92009

I tell you what CAR, the short sale on Obelisco Pl that went low seems to have crushed this area of La Costa:

http://www.zillow.com/homedetails/2637-Obelisco-Pl-Carlsbad-CA-92009/16656942_zpid/

This shows what a couple of distressed properties can do to a local submarket. That sale price of 1M is unquestionably a 2000 price. I was looking in the area during that time. The power line and school district hurt the value but that was a great deal IMHO. That is my favorite part of La Costa because as you said those are true custom ocean view estates.

We put a strong bid on this REO but got outbid by a wide margin:

http://www.zillow.com/homedetails/2618-Obelisco-Pl-Carlsbad-CA-92009/16656946_zpid/

Looking at the direction that neighborhood is headed, it is a good thing we didn’t get the house.

Save your ammo CAR. Things seem to be going your way.[/quote]

Yes, that’s the one. Thanks for the link, Pemeliza. 🙂

The one on Obelisco would have been a good deal for you. It’s a very nice area, with some of the most gorgeous lagoon and ocean views in North County, IMHO.

You seem to be happy with your purchase, though, right? Did you buy a comparable house? In a way, I’m envious of your position; at least you are done! 😉

[CA renter]

[quote=pemeliza]Even though you didn’t mention the listing I knew exactly which one you were talking about immmediately.

http://www.sdlookup.com/MLS-100019830-7143_Babilonia_St_Carlsbad_CA_92009

I tell you what CAR, the short sale on Obelisco Pl that went low seems to have crushed this area of La Costa:

http://www.zillow.com/homedetails/2637-Obelisco-Pl-Carlsbad-CA-92009/16656942_zpid/

This shows what a couple of distressed properties can do to a local submarket. That sale price of 1M is unquestionably a 2000 price. I was looking in the area during that time. The power line and school district hurt the value but that was a great deal IMHO. That is my favorite part of La Costa because as you said those are true custom ocean view estates.

We put a strong bid on this REO but got outbid by a wide margin:

http://www.zillow.com/homedetails/2618-Obelisco-Pl-Carlsbad-CA-92009/16656946_zpid/

Looking at the direction that neighborhood is headed, it is a good thing we didn’t get the house.

Save your ammo CAR. Things seem to be going your way.[/quote]

Yes, that’s the one. Thanks for the link, Pemeliza. 🙂

The one on Obelisco would have been a good deal for you. It’s a very nice area, with some of the most gorgeous lagoon and ocean views in North County, IMHO.

You seem to be happy with your purchase, though, right? Did you buy a comparable house? In a way, I’m envious of your position; at least you are done! 😉

[Author]

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