San Diego luxury homes have the benefit of a world class climate and spectacular beaches–and being only a couple of hours to Palm Springs or local mountains for winter skiing.
by Roberta Murphy Its always interesting to know how metropolitan communities stack up when it comes to median household income, and San Diego is no exception. There were a few surprises. I had no idea Carlsbad would outrank Encinitas, or that Poway would beat out Coronado. San Diego is full of surprises. When to comes to compiling such reports (and a host of others), there is no finer source than…
by Roberta Murphy Investment in high end real estate markets can be a challenge for most buyers. If the price of the real estate does not intimidate, then the low cap rate, or return on investment, will. In fact, carrying costs v income on luxury real estate investments are often negative for many years, or until the property is sold. With real estate investors in our expensive San Diego market,…
by Roberta Murphy The Butler is back in demand-and in short supply. The worlds growing number of plutocrats with their enormous mansions and expansive lifestyles are actively seeking household managers to oversee the care of their luxury homes and lifestyles. These enormous residences require ongoing care, along with coordination of property and grounds service providers ranging from pool service technicians, to dog groomers and trainers, to maids, gardeners and arborists….
by Roberta Murphy This is an issue that should trouble many real estate professionals…. Some months ago, I met with clients and wrote an offer (at buyer’s request) that was substantially below the listed price (599,000 list price:475,000 offer). It was a rare Carlsbad, CA beach condo property with no recent comparable sales. In prior markets, I might have urged clients to target their offer into an acceptable range to avoid the risk of an…
Once in awhile a property comes along that will take your breath away. And that was the precise intent of an owner who had no budget, no restraint andNo Fear.You see, that visionary owner was Mark Simo, co-founder and CEO of NO FEAR and Spy Optics in Carlsbad, California as well as the TransWorld Business website that launched in 2005. Mark Simo sold this La Costa estate several years ago…
by Roberta Murphy Its not just Encinitas, but Solana Beach and other areas in California blessed with magnificent ocean bluffs. To be able to dangle ones feet over the edge of the earth with nothing but endless ocean beyond is a singular experience. But to lose ones property to crumbling ocean bluffs is not the heartstopping experience we would wish on anyone. Yet bluff collapse has been a reality for…
by Roberta Murphy It was a developers mistake that should have never happened. Sometime around 1970, the developers of the original La Costa Resort and Spa allowed for the construction and sale of two 48 unit condominium buildings inside what would eventually come to be known as œthe gates of La Costa. These two buildings are the first to be seen by anyone approaching the resort from its main entrance….
by Roberta Murphy According to the latest from Dataquick, a record number of foreclosure notices have been sent to California homeowners during this past quarter, setting a new ten-year record. Why? Dataquick reports that œflat appreciation, slow sales, and post teaser-rate mortgage resets have contributed to these financial casualties. The San Diego Union Tribune reports that San Diego County endured 1,182 foreclosures from January through March, 2007 -or almost eight…
by Roberta Murphy Todays real estate market is different for all, including luxury home sellers, their agents and home buyers. Though multiple offers have returned on a selected basis in the San Diego and Manhatttan real estate markets (well-priced, well-located and well-appointed homes), it is still a buyers market. And with many buyers returning to these markets, sellers and their agents need to be wary of certain types of…
by Roberta Murphy Its no secret that I am a fan of the Chopra Center and of the La Costa Resort and Spa or that I am a Realtor living in this coastal Carlsbad paradise. I have a special affection for the old Rancho La Costa and for the legendary homes surrounding the La Costa golf course. And we just obtained a listing for a very special La Costa property….
