Carlsbad-Land

Comments on Carlsbad Land Sales in 2011

Well another year is behind us and I know most of us are looking forward to a brand new year and fresh start in 2012. The year started out with signs of economic improvement, but quickly gave way to a landslide of worry in late summer thanks to Congress’ failure to act and the European debt concerns.

The number of land and lot sales in Carlsbad, California were down over last year. In fact, they have been slowing over the last few years from 10 in 2009, 8 in 2010 and only 3 so far in 2011. With less than a third of the lot sales from 2009, the number of sales in 2011 was disappointing and probably the result of the ongoing economic uncertainty. If you are looking to buy a lot or some land, now is the time while prices are low and you have an adequate supply of opportunities.

If you own land, you may be wondering when is the right time to sell and get back to cash or maybe even sell and create a nice steady stream of monthly income to help offset some bills. I would say that if either of these ideas interest you, give me a call or request a land valuation so you can see what the value of your land or lot might be. I specialize in vacant lots and land only and will work hard to get you the best price and terms.

I am grateful for many things in 2011 and wish all of you a healthy and prosperous 2012!

North County Small Subdivisions

I wanted to let you know about a couple of North County land opportunities that look like they have some potential.

5 Lot Final Map with existing Home – Located at Fig & Cole in Escondido
Just reduced price from $379,000 to $295,000. Estimated cost to finish lots is $425,000

Existing Home on 5 Legal Lots – Located on Glascow in Cardiff
New Trust Sale listing priced at $1,090,000. Opportunity to build 2 ocean view duplexes (4 units total)

4 Finished Lots – Located on Catalina in Vista
Existing Finished 5 Lot Subdivision with 1 home under construction and 4 lots available from 2 different sellers. Price per lot is about $200,000.
Warmington Homes is selling 2,800 sf to 3,300 sf homes in the Edge Hill Terrace subdivision from $568,000 to $606,000 about a block away.

Let me know if any of these opportunities sounds interesting to you and I can provide you with more information. Carlsbad-Land.com

Carlsbad and Encinitas Land Report

Over the last two months, lot and land sale activity has picked up and available inventory has gone down. There are currently 8 lots in escrow versus 6 when I last reported in September. Available inventory has continued to decline from 75 in September to only 66 today.

For a current list of lots for sale, please visit our Carlsbad Land for Sale page. If you own land, I have a list of builders and lot buyers that would be interested. If you are thinking about buying a lot or land, I know of properties that are not listed on the MLS that might be right for you. If you have any questions, please send me an email.

See the full November Land Report with Tables and Graphs here.

Fewer Lots For Sale in Carlsbad & Encinitas

Well, I took a look at the total number of lots for sale in Encinitas and Carlsbad on October 1st. The total number of lots for sale has dropped 6% from September 1st.

Land and lots are scarce in these North County Coastal communities and prices have not fallen much over the last couple of years.

If you are looking to buy a lot or land in North San Diego County, I can help. If you would like to sell your land or lot, please give me a call because I have a list of buyers, including builders, that would be interested.

See other land and lots available in Carlsbad, California here.

Adams Street Lot Price Reduced

There is an over 1 acre lot on Adams Street in Carlsbad, CA that has had another price reduction. The original price was $1.4 million, it was reduced to $1.3 million and now the lot has just been reduced again to $1.2 million.

This is a rare water front lot on the Agua Hedionda Lagoon in Carlsbad. This piece of land has ocean and lagoon views and the possibility to split into 2 lots. (#2062-0001)

See other land and lots available in Carlsbad, California here.

Aviara Lot – Carlsbad, CA

Just wanted to let you buyers know, that as of 9/24/10, there is a golf course view lot in Aviara that just went back on the market. If you want to build a custom home in the prestigious, gated community of Aviara, this may be your last chance. The lot is 16,400 square feet, has utilities stubbed to the front of the lot and is flat and buildable. Lot is for sale for $749,000 and the owner may carry back some financing to help you out.

Since we specialize in land and lots for sale and don’t focus on homes, we can help you with your land investment or new custom home lot. Please contact us and view all of the Carlsbad, California Lots and Land For Sale here.

Carlsbad Lot-Land Foreclosure

CARLSBAD INVESTOR ALERT! There is a Carlsbad, California piece of land that is scheduled for foreclosure at the end of September. Foreclosure lots or land in Carlsbad are very rare. In the last year, there were only 6 lots in Carlsbad that went to forclosure auction and all 6 of those ended up going back to the bank.

If you are interested in buying land in Carlsbad as an investment, email me or give me a call so that you can get this lot cheap before it goes to the bank. I also can give you lot and land foreclosure information for Encinitas or any city in North County San Diego.

To see our featured lots and land for sale in Carlsbad, CA, click here.

Buy Land as an Investment

Many real estate investors limit their investments to buying houses. But, they should consider investment diversification into land. Buying and holding lots and land for future sale is referred to as Land Banking. The investor’s objective is to buy and hold the land for an extended period of time to capture the appreciation that occurs.

The advantages of land banking are that it appreciates faster and it doesn’t require the headaches and maintenance of holding houses. The disadvantage of owning vacant lots and land is that it does not usually produce any income during the holding period. But, be creative and maybe you can generate some income from your vacant land by leasing it for farming, storage, etc.

When searching to buy land, for this type of investment strategy, you should consider the 3 most  important factors; Location, Utilities and Usability.

1. Location – Stay close to town or buy lots in a city that is nearly built out.
2. Utilities – Electric, water, roads and other utilities should be easily available nearby.
3. Usability - The land or lots should be level and well suited for its future use.

Carlsbad, Encinitas and most of North County San Diego are perfect places to buy and hold lots and land because as Mark Twain told us, “Buy land, they aren’t making any more of it”. So with the local scarcity of supply, the demand from the county’s large population and employment base, and today’s low prices, it is a perfect time begin adding land to your investment portfolio.

To see all of the Carlsbad California lots and land for sale, click here.