Golf Champ Phil Mickelson Relists Rancho Santa Fe
After slashing nearly $4M off the 2008 asking price, Phil Mickelson is once again looking for a buyer for his one-of-a-kind, Tuscan-style villa. The home, designed with unparalleled attention to detail, features soaring ceilings, imported marble and hand distressed walnut flooring. It also offers some of the most stunning, unobstructed sunset views in the San Diego area. Other amenities include a trophy room, gym, putting green, horseshoe pit, pool and hot tub– perfect for soaking after a long day on the links.
The Rancho Santa Fe Association has also made an effort to protect and enhance the community, its natural resources, quality of life and community character. Rancho Santa Fe continues to be a highly desirable place to live which is reflective of the care and regulation which the development of the community has proceeded. There are winding rural roadways, rolling eucalyptus-covered hills, green pastures and citrus groves. The Community has been able to preserve so much of its rural ambiance and historic architectural character due to its system of governance and the steadfast commitment of Covenant residents. Under the authority of the Protective Covenant, the Rancho Santa Fe Association has successfully adapted to changing conditions while preserving the fundamental goals established in the 1920's, and will continue to maintain them for future generations.
From the parents and neighbors who constructed the Aliso Canyon School of 1905 to the community supported school addition of 1992 and programs of the present, Rancho Santa Fe has worked to plan and provide well for its children. They have worked to be prepared for becoming participating and successful citizens. They seek to provide a school which academically and in all regards reflects their splendid community and enhances the values and welfare of all their citizens.
This is a discussion on the sales prices of homes sold recently as compared to last year. In the past 90 days, there have been 15 homes that have sold and closed escrow in Rancho Santa Fe, CA. These homes range in prices from a low of $1,625,000 for a 4 bedroom, 4 bath, and 3,019 square foot home on Camino Lago De Cristal. With a high price of $15,000,000 for a 8 bedroom, 16 baths, and 14,222 square foot home on Las Colinas. The average sold price is $3,250,000 the average price per square foot is $531.29 and the average days on market are 81 days. Sales price compared to list price is 90%.
During this same 90 day period last year, there were 33 homes that sold and closed escrow in Rancho Santa Fe, CA. These homes range in price from a low of $1,350,000 for a 2 bedroom, 3 bath, and 2,762 square foot home on Saratoga Corte. Up to the high price of $14,000,000 for a 6 bedroom, 9 baths, 10,505 square foot home on Roxbury Terrace. The average price of these sold homes one year ago was $2,700,000 and the average price per square foot was $488.78. Also, the average days on the market were 117 days. Sales price compared to list price is 90%.
Comparing these figures to the current market are the following; the average price increased by 20% and the average price per square foot had a small change. Comparison on the number of sales decreased by 30%.
The prices are increasing compared to the rest of the market, with high inventory and increase in foreclosures. Due to the low interest rates, and high demand for the Rancho Santa Fe area there has been positve activity for this community.
If you would like to view all homes, condos or bank owned foreclosures (REO). short sales, listed for sale, please visit our website at: County Properties San Diego or County Properties Riverside
