Let's also mention Carlsbad's efforts to meet state requirements for low-income housing: https://thecoastnews.com/carlsbad-city-council-approves-70-affordable-housing-units/ CARLSBAD — Affordable housing is a challenge for many cities as the housing crisis rages...
There were 158 two-story detached-home sales in the last 12 months in the 92011 (SW Carlsbad). They averaged $543/sf. There were 43 one-story sales. They averaged $685/sf. The premium? About 26%!
This is a repeat of the 2br house featured on my tour a few weeks ago, with the resulting sales price. The agent admitted they priced this 2br house low on purpose to attract a crowd, and it worked. The list price was $699,000, and it sold for $1,100,000 cash....
With no single-family homes in Carlsbad priced under $1,000,000, what do you get at the entry level? Here you go - a 1,350sf condo priced at $615,000 that has drawn several offers, and the bidding war is on:
Here is my video tour of the oldest home in Carlsbad. The owners prefer if the buyer preserves the house, and it is only right - it is the only thing like it in town. Hopefully the large 1.27-acre lot will enable the new owners to develop the remaining land to...
It might feel a little soft in other places, but the newer Davidson homes are always going to be popular. Here's an example in La Costa Oaks where two model-match homes sold a month apart and both fetched a similar premium. Here's how the second one looked:
I haven't been to the street faire in years and I was somewhat surprised to see that is hasn't gotten all commercialized - it's mostly just a bunch of mom-and-pop enterprises selling their wares:
I think I must have had the 2x zoom on by accident when filming here. But if you like close-ups.....
You might see the peak reflected in the sales prices over next 30 days. This is a start - closed two days ago:
https://player.vimeo.com/video/558773562 This oceanfront 2br/3.5 ba, 2,823sf upper unit in Carlsbad just closed for $4,925,000 cash, which was $75,000 under list. MT was 12 days. Unlike on Neptune in Leucadia, all of the oceanfront homes on this street have direct...
