Archive for October, 2016

New Beach-Close Carlsbad Listing: 824 Okra Court

Friday, October 21st, 2016

This wonderfully upgraded Sea Cliff home is located on a cul de sac with views of the lake and pool area. 2 Master suites plus an optional third bedroom downstairs provide ample living space, and the private backyard patio offers fruit trees and tranquil views. Upgrades include granite counters, stainless appliances, travertine flooring, designer carpeting upstairs, new fixtures, remodeled fireplace and bathrooms, new water heater, epoxy flooring in garage, air conditioning, custom paint throughout, and more. 8_8424857_79462_ea-79462-108

Features include:

  • 1681 SF, 2 bedrooms + optional bedroom, 3 bathrooms
  • Patio views to lake and pool/spa
  • Quiet cul de sac location
  • Upgraded kitchen with granite counters
  • Stainless appliances (refrigerator included with sale)
  • 11_8424867_79462_ea-79462-111Travertine flooring downstairs
  • Designer carpeting on stairs and second floor
  • Dual master suites and a third optional bedroom downstairs
  • New lighting and fixtures throughout
  • Remodeled bathrooms
  • Custom paint throughout, wide baseboards
  • 2 car garage with epoxy flooring and built-in storage
  • New water heater
  • New washer and dryer (included)
  • Air conditioning 16_8424872_79462_ea-79462-116
  • High ceilings
  • Gated community
  • Community pools and spas, tennis courts, clubhouse, lakes, walking paths
  • Less than a mile to the beach
  • Stroll to shopping, dining at Poinsettia Village Center
  • Carlsbad School District
  • Low HOAs, no mello roos

Sea Cliff is one of Carlsbad’s secret havens: a gated community with tree-lined walking paths, lakes and ponds, tennis courts, pools and hot tubs, gazebos, places to sit and enjoy nature, plus a fully equipped clubhouse where there is always something going on. Located only 1 mile from the beach, and moments to shopping, dining and entertainment in sunny Carlsbad, North San Diego.

For more photos, information or to schedule a showing, click here or contact agent Rachel LaMar at 760-310-9466. LaMar Real Estate. BRE# 01993682

1_8424849_79462_ea-79462-101 3_8424850_79462_ea-79462-103 5_8424856_79462_ea-79462-105 gate

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Is the Real Estate Market Slowing Down?

Friday, October 7th, 2016

It has been an interesting time lately in the real estate market, and it is difficult to figure out exactly what is going on – is it slowing down, is it still hot…many people are confused. It really depends on your specific area, but there are some interesting things going on in my local markets…let’s take a look. dreamstime_988060

Multiple offers – still?! Yes! There are still some of those crazy multiple offer situations going on out there, and believe it or not they make it look like a seller’s market in the heat of summer. But this is not happening everywhere. It seems – at least in my neck of the woods in North San Diego – to be happening with condos and towhhomes that are very nicely upgraded, in good areas, and priced up to $550,000. Just last week I wrote an offer on a townhome for clients. The offer was super clean, priced over asking price, which was already stretching the appraisal potential, and a quick close in 30 days. We received a multiple counter offer asking us in essence to come up higher, remove the appraisal contingency at the outset, reduce all other contingency periods, and specifying that the sellers would make no repairs. We lost that one (I would never allow a buyer to remove an appraisal contingency unless they insisted, after being fully aware of the consequences).

Buyers are not jumping as high: Yes, this may sound like it contradicts the above paragraph, but it is true in most cases that buyers are not giving into inflated prices any longer. Most buyers (with the exception being the above scenario) are taking longer to find the right home, and then trying to negotiate the price. Much of the real estate news I read follows this position – after a crazy summer with prices inflating many buyers who missed the boat (or even those who intentionally waited out the crazy buyer storm) are finding that they can negotiate prices down and for that matter do not mind waiting until homes have some market time to make offers. This to me indicates the slow approach of a buyers market.

Fewer listings, fewer escrows opened: As is normal after the end of the summer season, listings are not as plentiful. But even after a fewer-than-usual-listings summer the Fall numbers continue to drop. Fewer escrows were opened in the last month compared to summer months. If this continues – fewer active properties, steady demand – it could spur the seller’s market to stick around for a bit…which means we could see prices rise. Interest rates will play a big part in this equation, as of course will jobs – people have to be able to afford homes.

In a nutshell the market is a bit hard to predict right now and doing so requires focusing on the specific community in which you are searching. For those buyers out there who are ready, willing and able to purchase my advice is to not rush into anything (unless you find your absolute “must-have it” dream home – but even then you need to be careful), consult with an experienced real estate agent to make a plan,  stick to your budget and stick to your guns when negotiating price, repairs and other items.

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