Rancho Santa Fe Spanish in Covenant

Modern Spanish equestrian estate! Casual and inviting one-level floor plan with timeless quality! Fantastic new pool/spa/grotto/super-slide with great BBQ party area too! Two-bedroom guest house and equestrian facilities – wow!

Jim’s buyers won a furious bidding war for this remodeled classic – the best value I’ve ever seen in the heart of the Covenant!  $3,650,000.

Rancho Santa Fe Tennis Estate

An authentic California Ranch on 2.79 acres in horse country! Stunning single-level main house that was redesigned and extensively upgraded in 2009 – it’s like a new house! The wide-open floor plan features wood-beam ceilings, real hardwood floors, and several sets of french doors! Pool/spa, 3-car garage, TWO detached guest houses (perfect for multi-gen), tennis court, RSF schools, & no HOA! The master suite was highly upgraded in 2016 with new steam shower, jacuzzi tub, and walk-in closet! On sewer too! Have Horses? Great – ride the trails and hills nearby!

We found the perfect buyers for this house who appreciated the high quality of the remodel, and needed the extra dwelling units and tennis court!  Sold for $2,700,000.

Rancho Santa Fe Estate

Designed with a casual Old World Tuscan flair, this classic Hacienda estate was just updated with the finest finishing touches and is dressed to impress! Upon entering the grand foyer, your eyes are drawn through the living room out to the expansive yard with pool and cascading waterfall! Sumptuous master suite downstairs full of sunshine, remodeled granite and stainless kitchen, new hardwoods, marble, travertine, archways and more! Over two acres (one horse OK) but lower maintenance!

Jim coordinated the full kitchen remodel for the out-of-town sellers, and persisted until sold!  It closed for $1,845,000, the highest sale in the neighborhood in 2015.  This house will be seen in the movie “Owned”.

Rancho Santa Fe

A thorough remodel implemented by heralded Chicago interior designers have turned this into a modern masterpiece. Five bedrooms (two downstairs) plus den provide ample sleeping arrangements, but you will likely spend the rest of your time enjoying the fabulous new kitchen/great room! Neutral Quartsite counters (the hardest stone) envelope the large cook’s island with five stools that tuck underneath, and it adjoins the perfect family room with a full wall of built-ins. Extra-large living room with 18-foot ceilings full of windows, a master bedroom right out of the Four Seasons, plus wine cellar, pool/spa, several orange trees, and gated community with tennis courts.

Jim represented the sellers, and helped guide the remaining tune-up before selling, which included the new coping around the pool which brought it into this century!

Del Mar Rancho

This has a Del Mar address but Sun Valley is east of the 5 and feels more like Rancho Santa Fe, its neighbor down the street here. This sold for $2,675,000 last June, which seems like a relative bargain today:

The ‘Rancho’ Effect

People are feeling a ‘change’ in the market, and wonder what will happen. The rapid escalation of prices has turned real estate into a rich man’s game – and you need serious horsepower to participate!

As the rest of North San Diego County’s coastal housing market feels the ‘Rancho’ effect, we will see more listings coming to market, listings taking longer to sell, and bigger gaps between list prices and sales prices.

In the surrounding lower-priced areas, the action has been much faster – we’re used to the quality homes selling in the first week or two. Let’s compare RSF to Encinitas to demonstrate what we can expect from now on:

Rancho Santa Fe
Active Listings
October Solds
Oct Average DOM
Oct Average SP:LP

We’ll have more homes on the market, slower market times, and bigger gaps between the list prices and sales prices. It’s how they do it in the Ranch!

REO Rancho

There has only been one house in the Covenant close under $1,000,000 so far, the 1,862sf one on 3.16 acres at 6427 Paseo Delicias:


It had listed for $1,320,000 in June, but had to lower to $999,800 before it sold for full price on September 30th.  Will there be more?

This will be a good test:

Zillow Increases Local Forecasts

Zillow, Goldman Sachs, and every economist thought the 2023 market would be all negative.

But now….

Goldman Sachs originally forecasted home prices to fall by double digits. However, they have released a report titled – “As interest rates climb, the global housing market is surprisingly stable”. In it, they stated: “House prices [are] leveling out more quickly and at a higher level than would normally be expected given the rapid rise in mortgage rates. Home prices are defying expectations and RISING in major economies such as the U.S., Australia and Canada.”

Now Zillow is forecasting 3%-ish appreciation here for the next year – which sounds like the old normal:

NW Carlsbad – 92008

SE Carlsbad – 92009

NE Carlsbad – 92010

SW Carlsbad – 92011

Carmel Valley – 92130

Del Mar – 92014

Encinitas – 92024

Rancho Santa Fe – 92067

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