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.
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.
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”.
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!
For those who have a big family and prefer a secluded Old California Ranch:
Nice buy – priced $393,000 under zestimate!
http://www.zillow.com/homedetails/7060-Via-Del-Charro-Rancho-Santa-Fe-CA-92067/16730852_zpid/
The buyer got the bank to reduce the price by $100,000 after inspections (map). Final price was $1,050,000 for fixer on 2.31 acres that is walking distance to village:
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:
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:
| Category | ||
| Population | ||
| Active Listings | ||
| October Solds | ||
| Actives/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!
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:
http://www.sdlookup.com/MLS-090036222-6427_Paseo_Delicias_Rancho_Santa_Fe_CA_92067
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:
Let’s compare the year-to-date action to last year!
The sub-markets in green are holding up nicely. The additional listings coming to market are being absorbed, and the current number of active listings are around 4 months’ worth or less.
Rancho Santa Fe is a good example of the opposite.
There were 23% more listings in the 92067 this year, and the sales count went up by one. Yikes! There are more and more unsolds being ignored there – and they have about eight months’ worth of supply now!
Overall, the number of listings increased by 11%, and the number of sales increased by 4%. We’ve been looking for the point of equilibrium, and it appears that 2025 could set the limit. If we get an inventory surge in 2026 that surpasses this year’s action, then the demand will really be tested.
