Good News For Mortage Rates!

It is a great time to buy! 

http://realtytimes.com/rtpages/20111201_rateupdate.htm

New Rancho Santa Fe Fire Station Nearly Completed

New Rancho Santa Fe fire station nearing completion

A new fire station under construction in Fairbanks Ranch will be one of the safest buildings in the community due to strict earthquake standards imposed by the state.
The new station at 6424 El Apajo will replace the Rancho Santa Fe Fire District’s former Station No. 3, which was demolished last year. During construction, the area is being served from a temporary station housed in trailers across the street.
Construction on the new station began in June 2010, and district officials expect to open the new station in December or January.

Chief Tony Michel and Capt. Chris Galindo at the Rancho Santa Fe Fire District's newly renovated Station No. 3.

The new, nearly 11,000-square-foot station replaces a 3,000-square-foot-facilty built in 1983. In 1986, California adopted the Essential Services Buildings Seismic Safety Act, which requires that public safety buildings such as fire stations be built 125 percent stronger than non-safety buildings, said Rancho Santa Fe fire Capt. Chris Galindo, project manager for the new fire station.

Sales are UP in the Ranch!

Rancho Santa Fe, 92067 Summary

The median sales price for homes in ZIP code 92067 in Rancho Santa Fe from Jun 11 to Aug 11 was $1,650,000 based on 29 sales. Compared to the same period one year ago, the median sales price increased 3.8%, or $60,000, and the number of sales decreased 27.5%. Average price per square foot for homes in 92067 was $435, an increase of 4.3% compared to the same period last year. There are currently 226 resale and new homes in ZIP code 92067 on Trulia, including 2 open houses, as well as 2 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 92067 was $3,576,109 for the week ending Sep 28, which represents an increase of 2.3%, or $81,845, compared to the prior week. Popular ZIP codes in Rancho Santa Fe include 92067 and 92091, with average listing prices of $3,576,109 and $3,080,697.

Market Movers in Rancho Santa Fe

There are currently 22 Single Family Homes Pending in Rancho Santa Fe.  List price ranges from $929,000 to $5,200,000.

The Covenant leads with 8 properties in escrow and Fairbanks Ranch is a close second with 6 homes Pending.

Buyers are coming from local areas such as Orange County, Los Angeles and Palm Springs as well as out of state clients originating from Washington state, Texas and the East Coast.

The overall market climate is favorable when combined with the lower pricing and great interest rates.

As fall is approaching, it is a perfect time to consider a move to North County San Diego!

Rancho Santa Fe News

It has been too long since I blogged!  Life is busy, business is very good and real estate is moving in Rancho Santa Fe.

In the past 2 weeks, over a dozen properties have gone under contract in the Ranch.  It is truly the beginning of spring and signs of renewed market activity.

My new listing in the Bridges is beautiful!  View the virtual tour by clicking the link below:
http://www.warmfocus.com/video/1101-6321stradafragnante.php

Over 8400 square feet sited on 1.25 acres.  This very private compound is exquisite in detail and design.