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Zillow Local Forecasts

The Zillow 1-Year Forecasted Values are down 1-2 points from their previous guesses last month, but still very strong. This is their third consecutive month with similar forecasts:

NW Carlsbad, 92008:

SE Carlsbad, 92009:

NE Carlsbad, 92010:

SW Carlsbad, 92011:

Carmel Valley, 92130:

Del Mar, 92014:

Encinitas, 92024:

La Jolla:

Rancho Santa Fe, 92067:

For those who are steeped in real estate history, it’s hard to comprehend how prices could increase 25% to 30% this year – to think pricing could go up ANOTHER 20% next year is straining the brain!

I think it will happen, and be accomplished by mid-summer.

Fairbanks Ranch w/RV Parking

This Compass listing just closed escrow this week for $5,400,000:

Over 10,000 square feet of indoor and heated outdoor entertainment spaces, covered/heated loggias. Gated Estate with exceptional manicured grounds and rare dual bay motor coach villa/guest house. Renovated over the past 10 years, this thoughtful residence is designed with an Anglo Caribbean architectural style set on a cul-de-sac.

The main home features both a gourmet and full prep kitchen appointed with all high grade appliances and detail, perfect for servicing large events. Upgraded elevator, multiple ensuite bedrooms and a generous master bedroom/bathroom suite with large balcony w/spa, dual walk in closets, crystal chandeliers, and steam shower. Full outdoor kitchen set under the covered loggia with views of the grounds and living pond, Well prepared for indoor and outdoor events, the spectacular single level guest house with full kitchen and wine storage also includes two generous en-suite bedrooms. A gated motor court with limo-depth 4 car garage and room for boats/trailers.

For the car or RV enthusiast the motor coach villa could be an indoor sports court as well, home has large solar system and pool solar system with plenty of storage. A rare compound set on a flat 1.51 acre lot, a mature botanical garden of specimen palms, citrus, fruit and other rare tropical plants.

RSF Newly-Built One-Story Estates

Buyers dig the new one-story estates in Rancho Santa Fe!  The house across the street sold for $10,850,000 in January (the third time it sold for $10,000,000+) and then the brand-new house on Las Planideras sold for $12,500,000 in February (click here for videos on both):

https://www.bubbleinfo.com/category/rancho-santa-fe/

This 10,234sf beauty went pending in five days, and closed escrow today for $13,500,000:

Brent the photo/videographer is one of the best around.

Lilian J. Rice

Great to hear that Lilian Rice is getting a statue – and a remodel! Meet the participants at bottom:

This month, a life-size statue of the late Lilian J. Rice will arrive at the Rancho Santa Fe Historical Society in preparation for its ultimate destination at the town’s civic center envisioned by the architect back in the 1920s. It will officially be unveiled in May with much-deserved fanfare.

Meanwhile, down the street, an altogether different tribute is underway at a single-level Spanish Revival 3,900-square-foot residence built by Rice for a California-dreaming New Jersey family in 1926.

Come spring, it will get its own place in the sun thanks to a duo of San Diego design powerhouses. Del Mar interior designer Michelle Salz-Smith and Lisa Kriedeman, principal of Island Architects, are seizing a rare opportunity to expand and modernize the organic style pioneered by Rice nearly a century ago.

Read Full Article Here

Michelle Salz-Smith creates her own form of minimal eclecticism, where raw materials, hand-forged objects, and distinctive shapes create one-of-a-kind homes in which people commune, contemplate, and connect: https://www.studio-surface.com/home

Tony Crisafi and Lisa Kriedeman are the highly accomplished principal architects creating residences of quiet luxury throughout Southern California, nationally and internationally for more than two decades. https://www.islandarch.com/

John Kingsmill Fine Plaster: kingsmillfineplasters.com

Pat’s 1502 Glassworks: 1502glassworks.com

Plain English: plainenglishdesign.co.uk

Tiles: tabarkastudio.com

Blackman Cruz: blackmancruz.com

Roman and Williams Guild: rwguild.com

Rose Uniacke: roseuniacke.com

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Rancho Mold REO

This house has a history – it was once the family compound for Alaska Airlines! It was foreclosed in 1994 when the lender received no bids and took it back for the balance owed of $6,372,931 – and they sold it for $3,350,000 six months later. It was then resold for $4,000,000 in 2001.

At the height of the market in 2007, the former owners of this property took out a mortgage for $8,500,000, but the lender foreclosed in 2014. They finally sold it for $2,437,500 a year ago, and those new owners just flipped it for $2,995,000 or $3,750,000 depending on the data source. This time it was marketed and sold as a vacant lot with approved plans.

This is what it looked like in 2017:

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