While previewing yesterday, I toured a home that is listed for $5.8 million. It’s a really nice house – it better be for that price – with a seriously outrageous view (see photo of actual view). But it got me thinking: How much would this house be listed for without that view?
Being the junior sleuth I am, I did a little probing and found four similar homes that sold in the past year that did NOT have an ocean view. To be fair, all of them claimed to have some type of view, but nothing close to the property I previewed. Here’s the bottom line – these homes sold for an average price of $3,818,000 – $2 million LESS than the home with the view. Also, we all know the seller can ask whatever price they want for a property, but that does not necessarily mean that’s the price they will get. But $2 million! So, now I have the answer: The view is worth whatever someone is willing to pay…
By the way, there are some really nice houses in Arch Beach Heights with similar views that you can buy for less than $2 million.
Stay up to date on the latest real estate trends.
That's the Way the World Goes 'Round
Stalemate is a situation in the game of chess where the player whose turn it is to move is not in check and has no legal move. The game ends in a draw. Since the start… Read more
This was the sub-heading of a Daily Pilot article I came across as I was sorting through old archives in a home I recently purchased in Laguna Beach. The article was p… Read more
OFF THE CHARTS When compiling year-over-year statistics, economists tend to work in single-digit percentages. For example, the U.S. GDP growth over the past few years … Read more
2020 Hindsight I know I’m one of the lucky ones. No one in my immediate family has been directly affected by COVID 19, although my father’s 92-year-old twin brother an… Read more
Proposition 19 recently passed, amending California’s Constitution by expanding qualifications for the transfer of a property’s taxable value. Beginning April 1, 2021,… Read more
This year has simply been bonkers. And we still have over a month to go! The news of Kobe and Gianna was swept away by the tsunami of events that followed: the pandemi… Read more
SOUTH ORANGE COUNTY COASTAL HOUSING IN DEMAND Despite the economy being shut down for the majority of 2020, housing along the coast of South Orange County has done exc… Read more
I think we can all agree that a bit of good news is welcome. My gig is working in the residential real estate market, particularly along the coastal towns of South Ora… Read more
You’ve got questions and we can’t wait to answer them.