Are you, like many of your neighbors, wondering about your current La Costa home worth or value?
Zillow Zestimates aren’t much value when real estate markets are in transition. They make their estimates based on prior sales and are unable to take into account pending sales, market temperature–and agent whispers. We welcome to have you check out our own site, HomeValuesinCarlsbad.com.
We track La Costa market stats closely, and if you click that link, will see that inventory and days on market are rising, while median prices and desired square footage are dropping. The tightly squeezed real estate market we experienced in La Costa last spring has relaxed and become a much more comfortable market for buyers.
La Costa Real Estate Market Trajectory?
As inventory has begun to increase, buyers who were sitting on the sidelines are starting to look at the market more closely as they see prices settling down and interest rates remaining low. Additionally, many folks who went through short sales and foreclosures in the past few years may now be eligible to buy again with favorable financing.
Active Listings in La Costa
The average number of days on the market for a detached La Costa home is currently 63 days with 124 active listings–ranging from a 2139 square foot home off Alga priced at $619,000 to a manse on Obelisco Place overlooking La Costa with almost 13,000 square feet and a price tag just under $5 million.
La Costa Pending Sales
There are 56 pending sales ranging from a compact home on Mariposa for $549,00 to a much larger one on Sitio Fresca in The Ranch that was listed at $1,896,000.
La Costa Sales
Since the first of this year (2014), there have been a total of 656 homes listed, with 368 sales. This represents a rate of 56.10 percent sold with an average list price of $933,337 and average sales price of $910,333. Average days on market for these sales was 71 days with 18.90 percent expiring.
So how much is your La Costa home worth? This afternoon one of our associates showed a termite-infested La Costa rental home priced in the mid-$700’s that had also been recently egged all over the exterior. It is one that should probably sell as-is for at least $100,000 less. And perhaps more than that. At the other extreme, we occasionally run into a cream puff that is priced under market, but being poorly marketed. Those are the homes we try to target for our buyers–and never represent for our sellers!
Pricing, staging and marketing are primary keys to getting your La Costa home sold at the highest price in the shortest time possible! If you would like to discuss our strategies at San DIego Previews, please give Scott or me a call at either 877-818-8197 or 760-613-6190. –by Roberta Murphy