Sorry for the lack of new content

The local Real Estate market in Encinitas, Cardiff-by-the-sea, Leucadia & Olivenhain are solidly back to 2004 prices. Those value shoppers looking for a bottom? I believe Spring of 2009 was it! Sold homes are 10-15% higher now over the last 12 months. The amount of well qualified buyers with large down payments or ability to pay all cash in today's market is staggering. A great blog to follow that has daily content, but covers a larger area here in San Diego county would be Bubbleinfo my friend and former colleague; JtR @ Klinge Realty.

If you would like some help with your Real Estate questions? Feel free to contact Me. Cheers

San Elijo views

4 bed, 5 bath, 4,300 sq. ft. of living space. Originally built in 1915 and effectively rebuilt in 2004. Asking price of 3.5 mil, Whitewater views looking to Solana beach and the Lagoon.

How much will it sell for?

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

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.

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.

Price weakness in the high end

The most painful housing recession in decades has devoured billions of dollars of housing values across San Diego County, mostly in low-income areas. Now, the great equity eviscerator has turned to the region's tonier neighborhoods. To continue reading at The North County Times.

Leucadia spec home

Bought as a teardown in 2005 on an acre, west of the I-5 east of the 101 with a nice horizonal ocean view. A new home has been built with 6000-6500 sq. ft. of living space with a asking price of $4 mil. Will this one sell for near the asking price, continue to lower the price or be pulled off the market? Update; now in escrow as of 1/31