Friday Wrap-Up! Thursday Showings: 5 Friday Showings: 11 (+one no-show) Total Showings: 16 in first 1.5 days on market. Two offers. After the first offer, I suggested to the sellers that we raise the list price which I don't remember ever doing before - and remember...
Carlsbad
La Costa Oaks Gem
Attention multi-gen buyers! Our new listing in La Costa Oaks has the master suite on the first level plus the perfect granny flat too! The flex space upstairs includes two regular bedrooms, two full baths, a massive bonus room, plus library/gaming loft too, all...
Only An Occasional Low Sale
The 15% increase from the last peak 15 years ago doesn't seem bad, though both were bubblelicious thanks to stimulus (exotic financing then and ultra-low rates today). https://wolfstreet.com/2020/11/24/the-most-splendid-housing-bubbles-in-america-november-update/ The...
Downtown Carlsbad is Cooking
Two downtown residential condominium buildings with a mixture of market-rate and affordable housing, ground-floor commercial space and underground parking got the go-ahead for construction last week from the Carlsbad City Council. The Carlsbad Station project will...
NE Carlsbad
Buyers are frustrated that there aren't many, if any, new homes for sale around the coast, which forces them to consider near-new resales like this one - built in 2018 and just sold for $1,380,000:
Basswood
Another fixer in Old Carlsbad blowing out for more than $1 million. The agent said he expected ten offers!
Firehouse Flip
The guy who bought the Carlsbad firehouse for $803,333 in July, 2019 (there were 28 offers) has resold it for $1,275,000. Here is the HGTV tour that starts as they roll up to the original listing (we know how HH works - he has already bought the house before filming...
$90,000 Over List
These are the types that go crazy - single level, lightly upgraded, big yard, no HOA, 3-car, culdesac, and some view. They received 15 offers!
More of Downtown Carlsbad
Let's continue to watch how the quaint old beach town of Carlsbad is being redeveloped by big money and a laissez-faire city council - so far, it looks like a grab-bag (an assortment of miscellaneous items):
Carlsbad US Grand Prix 1983
They paved over the old Carlsbad Raceway and built an industrial park instead, but this is how it looked in 1983 - not that long ago!