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

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.