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sdrealtor
Participant[quote=ncsd760]I always hated that floorplan but you’re definitely right. Ironically we looked at the house on the corner of Opuntia maybe 7 years ago. Those are huge lots.
I thought the weird front-facing split garage looked so dated and then they tried it again in the Oaks with one of the more midsize plans…forget which neighborhood…Standard Pacific maybe.[/quote]
The houses on that side of Opuntia have big, flat, west facing yards. I’d put them in the top 10% of lots here. The folks that bought it are finishing up a major redo of the yard. I’m sure it’s gonna be great
Know the folks who used to live on that corner. He was from my hometown. She’s now the interim superintendent of schools. Both great people they moved to a new home in LCOs
Split garages in LCO are in the new SP neighborhood. You have a good memory
ParticipantUpdate time. Another strong week for MM.
New listings 8 –
New Pendings of 9 –
Thats -1 change
Closed sales at 9.
Price reductions at 0. There are some which should be reduced.
Current inventory at 20 with median price of $875K.
MM has become a very orderly market with a very consistent ebb and flow. I would say well over half the current inventory is on the market for 2 weeks plus getting stale sitting overpriced. There are buyers for anything reasonable priced appropriately
Drove through 3 Roots yesterday. Its gonna be a stunning transformation for the area IMO. Looking really impressive to my eyes
ParticipantUpdate time.
New listings 23 – steady
New Pendings of 34 – bit of a surprise in what is traditionally a very slow time of year. Market continues to stride along
Thats -11!
Closed sales at 24 –
Price reductions at 9 – If you shot to high with your initial asking price its obvious now
Total houses for sale 86 with median of $1.995M. Inventory dipped back down. Market is very solid. The high end market here continues to astound with closings above $2M pretty much a daily occurence. What was once a very small niche is quickly being normalized
Participant[quote=ncsd760]sdr you were right at > 400k from fall 2020 for homes in the neighborhood.
https://www.redfin.com/CA/Encinitas/277-Raintree-Dr-92024/home/6538550
325k over list for a pretty considerable fixer.[/quote]
Thanks and I thought 400k was on the low end. This house went pending 2 days short of one year ago today. If it was one the market now it would easily sell for 500-600k more. Wish she had stayed one more year.
Participant[quote=deadzone][quote=sdrealtor][img_assist|nid=27454|title=Big Poison and Little Poison|desc=|link=node|align=left|width=100|height=75]
Paul and Lloyd Waner aka Big Poison and Little Poison. Both HOFers
My dad was a big sports fan. His college roommate was Johnny Most the legendary Celtics announcer. When they came to play the Sixers we’d sit in the press box with him during games. He taught me to curse[/quote]
Thanks for sharing, those are some real treasures. Paul Waner was one of the ballplayers interviewed for Glory of Their Times, terrific book.[/quote]
I checked the envelope I keep them in and it was actually the ’37 Pirates. That would make my dad 13 yrs old when he got these. The shame is Honus Wagner was a coach on that team but he did not get one of him.
Participant[img_assist|nid=27454|title=Big Poison and Little Poison|desc=|link=node|align=left|width=100|height=75]
Paul and Lloyd Waner aka Big Poison and Little Poison. Both HOFers
My dad was a big sports fan. His college roommate was Johnny Most the legendary Celtics announcer. When they came to play the Sixers we’d sit in the press box with him during games. He taught me to curse
ParticipantTo a point. If no one will pay the price it’s not worth it in theory. Semantics aside It comes down to a ready, willing and able buyer and seller. The prime most valuable beach properties are almost all under long term strong ownership. If there aren’t buyers for the prime beachfront homes the sellers will just sit on them. They can make bank renting them. I understand your objection to the use of FMV and appreciate it to some degree. However those properties only get listed and sell when the conditions are favorable
Participant[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties[/quote]Actually my baseball card collection is up big time so unlike you I did participate in this. Too bad you missed out on the opportunity of a lifetime to get in on it too. Since you have friends in the industry you should have known it was going to explode.[/quote]
Missed nothing. Im loaded with many rare cards. Mantle RC, Ryan/Koosman RC, Alcindor (Kareem) RC among others. Hope your’s are PSA graded. If not you are SOL[/quote]
If you actually own a Mantle rookie 52 topps, my hats off to you. I for one am a collector, not investor. I don’t collect graded cards in slabs, very unattractive. I do realize it is necessary these days in order to sell ultra high dollar cards. But pretty much ruined the hobby in my opinion.[/quote]
Same here. The cards are in good condition as to have real value but nowhere near good enough to be worth anything close to the ones on top condition. They are just cool things I like having. My dad sold cracker jacks at Forbes Field in the Mid 30’s. I have a one of a kind collection of autographed photos he got of the 35′ Pirates. There are a few Hall of famers on the team. No one in my family really appreciates them. Some day I want to donate them to the team with the stipulation they create a display of them and credit my father by name. That would be a cool way to honor his memory
Participant[quote=deadzone][quote=sdrealtor]
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties[/quote]Actually my baseball card collection is up big time so unlike you I did participate in this. Too bad you missed out on the opportunity of a lifetime to get in on it too. Since you have friends in the industry you should have known it was going to explode.[/quote]
Missed nothing. Im loaded with many rare cards. Mantle RC, Ryan/Koosman RC, Alcindor (Kareem) RC among others. Hope your’s are PSA graded. If not you are SOL
ParticipantThat’s not what you said before. You keep moving the goal posts
I know more than you think. My best friends father basically created the sports card memorabilia secondary market industry. I have a handful of close friends that are involved at the highest levels.
Right now there is about a two year backlog to get a card PSA graded. They aren’t even accepting submissions which is the only way to establish value for a card. And they are now taking a large percentage of the graded value instead of a flat fee. The sports card market is incredibly restrained now to basically only previously graded cards. It’s nothing like the housing market
And you continue to make stuff up. I never said any of what you said. What I said is that this area is changing in a fundamental way that is leading its prices to increase faster than the more general market. I understand the general market is being driven by all the factors you cite but there is something going on in addition to that here
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties
ParticipantYou can’t even get your facts straight. That card sold several times for more than $1m and other sportscards have sold over a million prior to this year. It’s a poor analogy and incorrect to boot
ParticipantPoor analogy. The most valuable baseball cards have always been selling just not at these prices. I grew up with the guy who is selling many of the most valuable of them and has been for a long time.
The most valuable Encinitas real estate always sat and rarely sold. Now it sells. Im not arguing there arent market forces impacting all assets. That impacts the prices things sell for. Its just that a different category of buyers is here now than was here before. They are buying things that were virtually unsellable before at anything close to FMV. Why is that so tough to understand?
Here’s another. Just closed at asking price. two week escrow, all cash. Was sold by the Altman Brothers out of LA from Million Dollar Listing fame. Havent seen them down here before
https://www.zillow.com/homes/410-La-Costa-Ave-Encinitas,-CA-92024_rb/16659529_zpid/
August 8, 2021 at 2:10 PM in reply to: Zillow bought a house in a neighborhood where I’m active #822933ParticipantZillow just bought this one in MM for $787,500. That is full retail on it. It may even be a touch high for this one in that condition. They put it back on at a price that is no better than breakeven if they get that price.
https://www.zillow.com/homes/10842-Whitehall-Rd-San-Diego,-CA-92126_rb/16788569_zpid/
ParticipantA twig nationwide can be a raging wildfire locally. You just dont get that.
The high end market is very different than the rest of the market. The numbers I posted were similar over $2M, $4M and $6M. The price is kinda irrelavant in many ways in these ranges. Its not that $6M homes are selling for $8M now. They werent selling at lower prices before.
Homes like this are always on the market but in the past there were few buyers for the top of market homes. The top of market homes are selling. Whether they went up 10, 20 or 30% is besides the point. I dont care whether they went up or not. There is a new breed of buyer coming to this market that was not here before and they are buying homes that would not have found buyers in the past at anything close to the rate they are now no matter what the price was.
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