February 20th, 2025

Happy Thursday

Friendly reminder that real estate is always HPYER LOCAL. Regardless of what's going on in the rest of San Diego County, or the Nation... [don't believe all headlines]

North County is booming. I took clients to this property this past week.

List price $2,250,000. 3 bedroom, golf course views just under 3k sqft in La Costa.

It wasn't a great fit for them, but apparently, it is for others. They got multiple offers over ask. 60+ groups at the open house over the weekend.

Not all properties in North County will have this level of interest. A lot has to do with Pricing, Positioning & Presentation. Things we always strive to nail when bringing a house to market. ​
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Here’s what’s happening in real estate today:

3 properties to watch, 2 news updates on market trends, and 1 thought-provoking insight from me + a snapshot of current market conditions.

New listings are still increasing, but at a slower pace compared to the past few weeks. It looks like there was a slight Super Bowl slump—which is common—but as we always say: After the Super Bowl, the market tends to take off until kids go back to school at the end of summer.

Median Prices This Week

3 Properties to check out

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7252 Estrella De Mar Rd Carlsbad, CA 92009 ​ $2,399,000 A beautifully remodeled single-story home in La Costa, recently flipped by a trusted investor group I know well. While flips can be hit or miss, these guys do quality work! View property

17324 Calle Serena, Rancho Santa Fe, CA 92067 $8,590,000 This stunning remodel in Fairbanks Ranch is located in North County’s only armed guard-gated community, offering unmatched security and exclusivity. View property

16581 Rd to Rio, San Diego, CA 92127 $4,699,000 Just listed by my team! This gorgeous home in The Crosby at Rancho Santa Fe lives like a single story and sits on a premier view lot overlooking the golf course. View property

2 News Articles

• ​Jamie Dimon: "Don't give me this s--- that work from home Friday works"​

The big boss at JPMorgan Chase, isn’t exactly a fan of working from home. He’s been pretty loud about it, saying stuff like it’s not great for younger folks or for sparking those creative vibes you get in an office.

But here’s the thing—while he’s pushing for everyone to get back to their desks, the work-from-home boom from the pandemic has totally flipped the real estate game.

People aren’t looking for apartments anymore; they’re hunting for bigger houses with home offices, an extra room or two, and some breathing space. It’s sent folks flocking to the suburbs and beyond, raising prices and changing what we all want in a home—Oh yea, don’t mind he’s got a lot of exposure in the commercial real estate space!

• ​Baldwin & Sons under scrutiny as Encinitas housing battle looms​

Encinitas faces a heated debate over the proposed 448-unit Quail Meadows Apartments by developer Baldwin & Sons.

While some residents support the project, many local activists and environmentalists express concerns about potential overburdened infrastructure and impacts on sensitive wetlands.

Critics also highlight the developer's history of legal disputes and political contributions, leading to an upcoming appeal before the California Coastal Commission. We shall see....

1 Tip or Thought

Architectural Renderings & Advertising Disclosure

Conceptual renderings—essentially images of homes that aren’t built or remodeled yet—are getting incredibly realistic. In many cases, they’re nearly indistinguishable from real photos, and soon, it’ll be impossible to tell the difference.

Most agents and developers are transparent, but some aren’t. I’ve seen stunning listing photos, only to find a disclaimer in the fine print stating they’re just renderings of what could be. If the price seems too good to be true—or if there’s an outdated photo right next to a brand-new one—you know what’s up!

Due diligence is key. Always read the details and ask questions!

Josh Meltzer DRE 02098859 REALTOR® M: 858.585.0309​ ​Josh@Talechia.com​

P.S. The March calendar of local events is here. Check it out:

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DISCLAIMER: Due to recent changes by California Association of Realtors, and the SDMLS Clear Cooperation Policy (the “Policy”), Brokers are limited in their ability to share off-market properties. It is the intent of this letter to be in compliance with the Policy. For this reason, Talechia & Associates can only share such property information with clients of Talechia & Associates. If you would like more information on our properties that are not publicized in the MLS, and becoming a client of Compass, please contact Josh (858) 585-0309 or Talechia (858) 229-2181

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628, 01527235, 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.