The 4S Ranch motto is “It’s all right here”, it is so true if you are looking for a small home 1,300 square feet or a large home 5,100 square feet or some where in between you will find it here in 4S Ranch.   The current prices range from $449,00 (L) to $1,790,000 (H). 

There are currently 43 active listings on the MLS.  3 are bank owned REO properties, 18 are short sales and 22 homes are regular sales.  As of today there are 21 pending sales and in the last 6 months 51 homes have closed escrow.  There is about a 4 to 5 month supply of homes if you count the short sales.  Going by the numbers the market appears to be stablizing, inventory has not built up over the summer months.     

    

I just listed this wonderful 4S Ranch home for sale.  With an incredible listing price of less than $217/square foot.  It’s listed for $827,000 and it has approximately 3,823 square feet of great living space.   The home was built in 2005 by Davidson and is part of the Reunion subdivision, known also as Residence 2.

 

My first impression, looking at the home from the street, was wow. The owners put in a lot of money in hardscape. They did away with the builders concrete walkway and added brick and flagstone.  The cozy porch is made up of all brick work.  There are 4 pillars (2 with lights) in the entrance to the house, made of flagstone.  There is also a small grassy area in front, but overall, the yard is professionally constructed and requires very low maintenance.  

The backyard has a great patio area perfect for outdoor entertaining. A built-in gas line runs to the barbeque. You don’t need to have to worry about “is the tank filled” before you start barbequing.  There is a large patio area, a decorative fountain and 2 sets of lamp lights.  The rear yard also houses 3 fruit trees, believed to be pear, peach and nectarine (but don’t hold me to it). 

Additionally, in the center of the home is a private courtyard.  I would most likely sit out there with my morning coffee and newspaper.

From the house entry you walk into a large living room / dining room area.  I like the open feel rather than small rooms.  Next you come to the great room.  There a fireplace at one end and above it is a flat screen television (which is negotiable - I would want it).  It looks like a great place to play wii. There is a breakfast nook with built-in pantry and buffet - great for casual dining.

 

The kitchen has slab granite counters.  Also of interest are upgraded stainless steel sinks, an upgraded, Kitchen Aid six burner gas stove with large stainless fan hood.  Yes, I prefer gas for cooking also.  There is a good sized island, double oven and microwave.    

On the main level there is a bedroom suite with a private bathroom; perfect for in-laws or guests.

Upstairs there are 2 more bedroom suites with private bathrooms in addition to 3 more bedrooms.  The laundry room is also located up there, with a sink and cabinets.   Let me just quickly let you about the rest of the features.  Dual central air conditioning, alarm system, fire sprinkler system, walk-in closet in most of the bedrooms, built in speakers, recessed lighting, ceiling fans, I’m sure there is more but you will have to come by and see this amazing home for yourself.

Why would you want to live in 4S Ranch.  The motto is “It’s all right here”.  And it’s true.  There is a great Boys and Girls Club with a pool complex.  The schools are great, they are part of the Poway Unified School district and the new High School will be opening September 2009.  There is shopping and a Fitness Club.  Then there are the parks, over 10 miles of walking trails and Black Mountain Open space (this one is my favorite - we take our lab and hike up the 1,554 foot summit of Black Mountain which provides 360 degree views - we are not the fastest but the views are worth the hike).  And of course the beach is only about a 20 minute drive.  This are some of the reasons why I like 4S Ranch - there is much more here.

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In the month of July 2008, 11 homes closed escrow in 4S Ranch.  5 homes were bank owned properties (REO’s), 2 were short sales and 4 were normal transactions.

Here are the statistics:

         Bed/Ba    SqFt      LP              LP/SqFt         SP        SP/SqFt   SP/LP    DOM

High     5/6      4,550   $1,450,000   $344.83   $1,300,000  $309.16  114%    202
Low      3/3      1,916   $  529,900    $175.82   $  545,000   $200.22   90%       5
Avg      4/3      3,258   $  794,134    $252.39   $  781,364   $246.99   99%      52
Median  4/4      3,412   $  800,000    $251.06   $  775,000   $236.76   99%      30

For the week of July 28th - Aug 1st there were only 2 sales

The bank owned home at 17072 Silver Pine, it went over list price.  3,431 sq.ft with 5 bedroom and 3 baths - sold for $715,000 on 7/30/08.  I didn’t like the wood flooring throughout the home.

The other sale was 10440 Eagle Canyon Road 3,447 sqft 5 bedroom 3.5 baths sold for $775,000 on July 29th.
             

It’s the first day of the month, being a market junkie, I always look forward to charting the market.  Much to my dismay, not much is happening in 4S Ranch.  don’t get me wrong this is not a bad thing,  the market is chugging along.  If you must know I track the market every week but always write about it on the first of the month.  Since April the number of active home listings and pending sales are very stable.  The good news is the number of sold homes in the last six months has increased.

There are 44 active listings of detached single family homes on the market.  Almost half are short sales or bank owned foreclosures.

There are 18 short sale with pricing going from the low end of the market to the high end of the market.  There are only 3 bank owned homes showing up on the multiple listing service however I have seen a couple of signs around the neighborhood that are not listed with the MLS as of yet.  I have a great new listing coming up in about a week.  It’s a Davidson built home in the Reunion subdivision.  3,800+  square feet with 3 master suites (one on the main level) it will be listed for $827,000. 

Happy to see 10213 Paseo de Linda, the foreclosure listing is pending again. It’s located in Davidson built Reunion development in 4S Ranch, its the smallest model.  It was only on the market about 6 days this go round.  Let’s hope it closes this time

I was very surprised this morning to see the Paseo de Linda back on the market.  It’s located in Davidson built Reunion development in 4S Ranch.  It was only on the market for 9 days last time.   I don’t know why it fell out of escrow, does anyone know?

It was a very slow week in 4S Ranch only one home closed escrow.

16620 Honeybrook - part of the Summerwood development. 

1,931 square feet  3 bedroom 2.5 baths - very sharp sold for $545,000 on 7/23/08

Another sale just showed up Monday morning

15984 Cayenne Ridge sold for $889,000 sold 7/25/08 - 4,288 sq. ft. it was a short sale and did not go over list price.  This home had been on and off the market for about a year 

As of today July 20th 2008 there are 45 active listing available in 4S Ranch.  18 of the homes are short sale listings, the prices range from $449,00(L) on the low end to a high of $1,590,000.  Only 2 bank owned properties are for sale on the mls.  There should be another foreclosure coming up shortly, I saw the sign go up last Thursday but it’s not listed in the MLS.  The bank owned properties are located on Gettysburg Dr and the other on New Rochelle Way.  They are smaller homes only 1,581 sq. and 1,803.  The prices range from $459,900 to $509,000.  They are detached homes with no front yard and very small rear yards.  Both of the homes have been on the market for over two months.

(L) low end of the range

It was a slow week in 4S Ranch.  The mls is only showing 1 sale.  It was a short sale.  Per public records it was scheduled for trustee sale on 7/22/08.

Address                                Size          Bed/Bath        Price            Date     

16457 Winecreek Rd            4,205(pool)         4/4        $1,300,000      7/18/08

It did not go over list price.

It has been a while since anything really new has hit the Internet for the home buying and selling consumers.   Yesterday there was a lot of buzz on-line about a new company called N-Play.

“Bring Buyer and Seller together in an Online Interactive Environment” is the phase they use.   They have a number of videos available to watch on how their system works.  From what I can tell the system is being tested in Florida and is not yet available in California.  It is not an online auction site, it’s all non-binding until an agent prepares a formal contract.

It appears to work by the listing agent posting the listing on N-Play’s site and anonymous buyers make non-binding offers or bids with the terms they want to offer.  As a buyer or seller you will be able to track the offers on a particular home.  They believe homes will sell faster because the prices will be market driven. 

There is a reluctance in today’s market to write an offer by some buyers.  The attitude is let’s wait and see if they reduce the price.  Here in San Diego, we also have price ranges on some of the listings, which consumers find confusing and I don’t use.  IMHO the range pricing is an impediment to getting offers written when the listing states seller will entertain offers between $X and $Y.  I personally encourage my clients to ignore the price range and write an offer on what they think the home is worth.  Home prices have always been and will always be market driven.  

N-Play is basing their program on the fact that buyers and sellers will quickly realize what a property is worth by the offers coming in, the offers are ranked by what the seller wants inregards to price and terms.  I think in theory this is a good idea.  I have signed up to be notified as soon as the system is available in San Diego, I’m always open to new ideas.

After viewing the site let me know what you think, would you be interested in using it if you were buying or selling a home? 

A 4th of July hangover or is the market slowing down again?

Half way through July 2008 and across the board, on the zip codes I monitor, I’m seeing the number of pending sales dip.  Is this from the long 4th of July weekend or is it something more?  Many people took off from July 3rd through July 7th (Thursday through Monday); it was a great weekend here in San Diego.  There were local activities in the 4S Ranch neighborhood and fireworks just down the road in Rancho Bernardo.  In fact it would be hard to find a community in San Diego that was not celebrating.


4S Ranch is located in the 92127 zip code

 


The 92127 zip code encompasses a large area of widely diverse homes
Homes are located in the city and San Diego county area

 


Rancho Bernardo

 


Rancho Penasquitos

 


Zip code 92130

If you think our local markets look bad, take a look at the high priced La Jolla market.


The La Jolla market  normally sells around 200 home in a whole year.

What do you think?  Market slowing down or did we all simply have a great 4th of July?

All data is obtained from Sandicor. It is deemed to be correct and accurate but is not guaranteed to be so. 

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