Spanish Colonial

by | Jan 31, 2019 | Jim's Take on the Market, Rancho Santa Fe | 7 comments

The sellers might have been disappointed with the auction results here, but the final price seems about right. Gardens designed by Kate Sessions in the 1930s!

The video tour:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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7 Comments

  1. Native San Diegan
    Native San Diegan on January 31, 2019 at 8:21 pm

    I am surprised the sellers did not put a higher minimum that they would accept as a bid (higher reserve) given they listed it at 9M. How common is it to get a property for that much off list for the properties listed 4 and above ? i figured a lot of people wouldn’t have bothered to bid when the price is significantly above market rate.

  2. Jim the Realtor
    Jim the Realtor on February 1, 2019 at 12:02 am

    Not common but I don’t know what the opening bid was. The auction company does a decent job of marketing, so there must have been a few bidders. It was sold with no reserve.

    But it had been on the market for 2+ years, so the sellers might have been exhausted and decided to take whatever they could get.

    RSF is a tough market. The sellers paid $4,847,500 in 1999.

  3. BAM
    BAM on February 1, 2019 at 8:22 am

    JIM — Happy birthday to the best damn real estate agent in SD!!!

  5. Susie
    Susie on February 1, 2019 at 9:59 am

    Happy Birthday to my real estate mentor. Do you want me to call and sing HB to you? Let me know… (It’s kind of a family tradition).

  6. Native San Diegan
    Native San Diegan on February 1, 2019 at 1:25 pm

    Happy birthday ! Thank you for your great blog! 4.8 in 99, wow.

  7. Jim the Realtor
    Jim the Realtor on February 1, 2019 at 1:35 pm

    Thanks Native, and thanks Susie! It ain’t easy turning 80! (in realtor years)

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