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There are 28 houses for sale in Rancho Santa Fe, 92067 between $7 and $30 million.  There has only been one sale this year over $7 million, which was $7.8 million and you can see it here: http://www.previewfirst.com/mls/video/18745

Here’s one of the 28 for sale, and just what everyone needs – a 15,235sf new house on 5.44 acres in the Covenant…..with its own cabernet sauvignon vineyard: 

osidebuyer wants a report on the lower-tier homes.

In Oceanside the cheapie SFR foreclosures have dried up, and there’s been an incremental YOY increase in $/sf pricing, with the lowest up about 15%, with those over $400,000 being flat.

Here are the first half detached sales counts by price range, and their average $/sf:

What used to buy a house in O-side two years ago, now gets you a condo with a $318/mo HOA fee:

I don’t want to beat a dead horse – we know that realtors are committing fraud and deceit. Here’s an example of one guy, the previous listing agent of this house, who has been inputting short-sale listings onto the MLS for the last 1+ years, with the vast majority (over 75% of them) marked pending or contingent immediately.

If your clients are getting what they want, then maybe you can sleep at night. But when just as many of a broker’s listings are being foreclosed on, as are selling, there’s a problem:

Feel like spending around $1.3 million or so?

Here’s what it’ll get you in the Convenant of Rancho Santa Fe:

http://www.sdlookup.com/MLS-100005290-916_Mira_Mar_Oceanside_CA_92054

Is the new year bringing more REOs to market?

Though everyone wants to “steal one from the bank”, if you’re looking to buy in North SD County Coastal (Carlsbad-to-La Jolla), you’ll find few opportunities to snag an REO sale.

Have there been more REO listings coming on the market in 2010?

No flood yet.  What’s the difference in pricing?

Buyers see the REO listings, and dig the improved pricing – but there aren’t enough to go around.  We don’t necessarily need more REO inventory, just more REO-type pricing on regular listings.

The low inventory is causing some buyers to cast a wider net, and those who venture out to places like Vista are finding some intriguing alternatives:

We’ve been following this story for years about the 16,330sf house in Olivenhain, and now it’s finally on the market, listed for $2,700,000.  The basics are covered in the video, but this article fills in some of the extra details: Link to NYTimes article

The perfect REO Diet Plan: Dancing, Cocaine, Eating Prevention Device, and Swimming!

I’m not sure you could split this lot. The frontage on Lone Jack is too skinny, and zoning is for multiple-dwellings, but I would think they’d insist on two-acre minimum lot size. Opening bid was $675,000.

Here’s a flipper who was foiled in the act.

A realtor had listed this house in June, noting that it was a short-sale flip in progress. They had arranged (conspired) with the seller to submit to the existing lender a short sale package at a lower price, and then listed it on the MLS for $598,321 before the short sale was approved – intending to pocket the difference.

Instead, the bank foreclosed on them: