Preforeclosures are up!

Changes are shifting here in Encinitas at the street level.

Encinitas,CA - Foreclosure Inventories

Encinitas,CA - Foreclosure Bids

This could help some longtime fence-sitters around December.

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

Crest Drive

Update; Now in escrow after 15 days on the market.

3 bed, 2 bath, 1,421 sq. ft. of living space. On a large lot, most of the back yard is concrete. Great if you want to park 8 RVs. Located on the corner of El Camino Real. The asking price is $436,900. I expect multiple offers.

Leucadia, 6 bed

6 bed, 3 bath, 2,442 sq. ft. of living space. Built in 1960 on a about 1/5 of an acre lot.
The asking price is $449,900. I expect multiple offers.

Leucadia, Avocado acres

Sold for $390,000 cash.

Now in escrow after 3 days.

$388,000 is the asking price for this detached home, I expect multiple offers. The last time it sold for $879,000 in 1/06 and the owner hit the ATM for another 50K for the total liens (loans) of $914,000. A total of 3 unpermitted units have been added over the years. I believe this property will sell for more than the list price.

3 bed, 2 bath, built in 1957. Very freeway close and about 1 mile to beacons beach.

Update; Villanitas

This home sold for all cash $480,000 after 5 days on the market, orginal post 2/20/09.

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.

Update; Cardiff detached

Now in escrow after 33 days on the market. Original post 2/5/09

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.

Update; More value priced listings

Remember this home listed at $485,000 on 1/29/09. Well it just closed escrow for $525,000. Nearly 10% more than the asking price. This property had multiple offers.

4 bed, 3 bath, 1836 sq. ft., built in 1973, 7500 sq. ft. lot. No HOA fees, with a list price of $485,000 and just went to escrow, 12 days on the market. Past loans totaled $693,000.

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.

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).

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 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.

Pacific Ranch

Update; after 38 days on the market this home has been reduced to $579,000

3 bed, 3 bath, 1,753 sq. ft. built in 1985. HOA $330 a month (green belts, pool, tennis courts and club house) sold for $684,000 in March 04. Listed for $599,900. How much will it sell for?

More Village Run

4 bed, 2 bath, 1,266 sq. ft. built in 1972, 7400 sq. ft. lot. $65 a month HOA. List price $485-531,000. Sold in 46 days for $485,000.

Village Run

4 bed, 2 bath 1831 sq. ft. built in 1970, 6200 sq. ft. lot with a list price $489,900. Sold in 19 days for $475,500. The seller (Countrywide) paid $6k in closing costs.

More value priced listings

4 bed, 3 bath, 1836 sq. ft., built in 1973, 7500 sq. ft. lot. No HOA fees, with a list price of $485,000 and just went to escrow, 12 days on the market. We'll follow this property and see if it sells for over the asking price? Past loans totaled $693,000. What would you offer?

Village Park

4 bed, 2 bath, 1831 sq. ft. built in 1972. Original list price of $540,000 with a sold price of $426,000. The sellers (Indymac Bank) gave a $5000 credit. Market time of 111 days before going to escrow. The past loans totaled $680,000 before becoming a REO.

Nice Family Home

3 bed, 3 bath, 1,742 sq. ft. built in 1990. List price $544,900 sold in 15 days for $512,000.

Sales leap as buyers hunt foreclosures

North San Diego County house sales jumped again in December, but buyers continued to narrowly focus on foreclosure-stricken neighborhoods while sales in high-end areas lagged, reported a local real estate agency Tuesday. To continue reading click link to the North County Times