Encinitas Highlands

Now in escrow after 29 days.

3 bed, 2 bath, 1,140 sq. ft. of living space. Built in 1951, 1/5th of acre lot size. This is a total fixer with the highest and best use as tear-down to make way for a 2500-4000 sq. ft. custom home. Close to downtown, new library, moonlight beach and west of the I-5. This home is in the first stage of foreclosure and is clearly a forced sale. The asking price is $719k-749,000. Reduced on 3/7 to 699k.

How much will is sell for? This is a highly sought after neighborhood.

Beach front and west of I-5

Homes within spitting distance of the beach have been rare examples of strength in a housing market that has seen historic price declines throughout North County. Along the oceanfront, prices are stable; foreclosures are rare.

So far, prices have not fallen at all in the market from Del Mar to Carlsbad, west of Interstate 5, based on an analysis conducted by Eugene Kuznetsov, founder of a blog that publishes local price indexes at sdhpi.blogspot.com. To continue reading at the North County Times. By ZACH FOX

Villanitas

Update; Now in escrow after 5 days on the market.

4 bed, 3 bath, built in 1972 with 2,723 sq. ft. of living space. The asking price is $500,000.

This home needs carpet, window coverings, an interior paint and back yard make over. I sure most buyers would consider a lot more improvements. There is a large ground floor bed/bath for those who are in need of such.

I expect multiple offers and to sell for more than the asking price.

Update; Detached 2285 sq ft for $360,500?

This property was posted on Jan. 7, with the question being asked about listing ultra-low to drive multiple offers. The final sale price is $451,000 with the bid-up nearly 20% over the asking price, an all cash transaction.

4 bed, 2 bath, built in 1974.

Bluewater

3 bed, 3 1/2 baths, 1900 sq. ft. of living space. Built in 2007 with a 5600 sq. ft. lot, single level. Peek ocean view from corner of the parcel. List price in Aug. 08 for $739,000. It closed escrow a few days ago for $650,000.

This property was sold by the builder in March 2007 for 758K with 40K (=$800,000) in upgrades after the purchase.

Mega Fixer

This property has many issues that come up with it. It was striped to the studs with nothing inside, a total money pit. It fell out of escrow at least once. How and where the parcel is laid-out is less than desirable.

3 bed, 2 bath, built in 1960, 1500 sq. ft. of living space. No backyard except for a very old pool, with a list price of $456,000. A total of 146 days of market time and final sales price of $375,800. Please Note: the last time a detached home in Cardiff sold for less than this home was in Feb. 2001, (1021 Birmingham Drive).

Leucadia spec home

Remember this Estate? It has now closed escrow, all Cash for $3,525,000. Orginial post on 1/11/09.

Detached Active's and Pending's

A quick look at Single Family Detached homes in the 92024 and 92007 reveals a few trends.

Taking a look the listed inventory with a minimum price of $900,000 shows 160 properties actively listed. Currently 10 are in escrow, a 16-1 ratio.

The $600,000 and less price range shows 32 properties actively listed and 18 in escrow. This is almost a 2-1 ratio.

In summary the entry market place (600k & less) here in town is healthy with only a few months of inventory, on the other hand the high end (900k+) appears to have a one and half years of inventory.

Summerfield

3 bed, 2 bath, 1,682 sq. ft. of living space on .23 of an acre. Built in 1975, with very few improvements, but located at the end of a cul-de-sac. List price of $549,900 went to escrow in 11 days, came back on the market for 3 weeks with a new disclosure of a "Cracked Slab" and sold for $457,000 with an additional $20,000 in closing costs paid for the buyer (=$437,000).

Cardiff walking district

2 bed, 1 bath, 968 sq. ft. of living space. Built in 1943, a 5,000 sq. ft. lot. Nice panoramic ocean views. Highest and best value is likely a tear-down. List price $1.4 mil, with past sales history of; $1,255,000 in Dec. 2005 and; $285,000 in Oct. 1996. How much do you think it will sell for?

Cardiff Detached near top rated school

3 bed, 2 bath, 1,288 sq. ft. of living space. Built in 1958, 7,000 sq. ft. lot. List price $499,900.

Side note; I owned a home down the street four years ago and think this home will be sold soon.

Cardiff Duplex Ocean & Lagoon views

Unit 1) 3/3, bed/bath and; unit 2) 1/1, 2577 sq. ft. of living space. 4 car garage with a list price of $1.5 mil, a total of 50 days on the market and sold for $1,050,000.

Leucadia Duplex

Unit 1) 3 bed, 1 bath. Unit 2) 1 bed, 1 bath. Total living area 1,062 sq. ft. built in 1959. West of I-5, near Hwy 101, the lot size is 7,000 sq. ft. List price $549-599,000. Sold for $543,000 after being on the market for 21 days.