The Bridges - August 2023 Market Report

Page 1

The Bridges Market Update

A U G U S T 2 0 2 3
20 23 T A B L E O F C O N T E N T S
3 5 6 7 19 19 M A R K E T R E C A P A C T I V E & P E N D I N G S O L D S U M M A R Y S O L D L I S T I N G S D E T A I L R A N C H O S A N T A F E S U M M A R Y C O N T A C T U S

at a glance

12.68

%

Change in Median Sales Price (July 2023 vs July 2022)

40

Average Days on Market

2

Units Sold (July)

$ m

Median Sales Price (Q2 2023)

3
T H E B R I D G E S | R S F A U G U S T 2 0 2 3

Summary The Bridges Market Summarized

The Bridges Market is following a lot of local trends so far in Q3. The biggest trend is that the higher price point listings aren

' t moving like the most "entry" or "average" prices are Currently, there are 5 active and 5 pending sales inside the gates The pending sales are all below $6m (4 under $5m) while active listings range from $5,895,000 up to $16,250,000 (with the exception of 1 short sale).

Q3 Median Sales Price Sales Price vs. List Price Closed Units Average Days on Market

4 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Total Units Sold Median Sales Price Average Sales Price Q3 2020 Q3 2021 Q3 2022 July 2023
(Q3 YTD vs Q2) Change Q3 2023 Q2 2023 Q1 2023 Q4 2022 -21.1% $4,422,812 $5,600,000 $5,500,000 $4,825,000 On Pace 2 6 3 2 -16.7% 40 48 91 67 LiveInTheBridges com 5 4 5 2 -3.66% 91.66% 95.33% 85.74% 87.37%

Pending

T H E B R I D G E S | R S F A U G U S T 2 0 2 3
18325 Calle La Serra (S) 18334 Calle Stellina 6659 Calle Ponte Bella 6709 Calle Ponte Bella 6722 Calle Ponte Bella A D D R E S S $4,150,000 $5,895,000 $8,695,000 $15,000,000 $16,250,000 S Q F T B E D S B A T H S D O M L I S T P R I C E $ / S Q F T 7,800 8,506 11,757 9,350 9,609 5 5 6 6 6 5F 1H 5F 1H 7F 1H 6F 2H 6F 1H 77 30 109 37 35 $532.05 $693.04 $739.56 $1,604.28 $1,691.12 O R I . P R I C E $3,799,000 $5,895,000 $9,875,000 $15,000,000 $16,250,000
the sales
Active
6949 Corte Spagna (V) 6901 Corte Spagna (V) 4288 Via Ravello (C) 18644 Via Catania 18511 Calle La Serra A D D R E S S $3,350,000 $3,995,000 $4,450,000 $4,950,000 $5,998,985 S Q F T B E D S B A T H S D O M L I S T P R I C E $ / S Q F T 3,797 3,880 4,375 5,592 6,672 4 4 4 5 4 5F 1H 5F 1H 4F 1H 5F 1H 5F 1H 41 134 127 22 10 $882.28 $1,029.64 $1,017.14 $885.19 $899.13 O R I P R I C E $3,350,000 $3,980,000 $4,450,000 $4,950,000 $5,998,985 5
*(V) represents Villas, (C) represents Cortile & (S) represents Short Sale
18388 Calle La Serra 18375 Calle La Serra 6670 Calle Ponte Bella 18519 Calle La Serra 6821 Calle Portone A D D R E S S $3,900,000 $4,945,625 $6,500,000 $4,700,000 $2,600,000 S Q F T B E D S B A T H S D O M S O L D P R I C E $ / S Q F T 6,000 5,717 7,590 6,780 3,128 4 4 6 4 4 4F 1H 4F 2H 6F 2H 5F 1H 4F 1H 0 81 19 51 69 $650.00 $865.07 $856.39 $693.22 $831.20 O R I P R I C E $3,900,000 $5,750,000 $6,895,000 $5,000,000 $2,950,000 6 D A T E 7/25/23 7/13/23 5/18/23 5/18/23 5/15/23
Sold (90 days)

18388 Calle La Serra

Rancho Santa Fe

$3,900,000

7
T H E B R I D G E S | R S F
S O L D 7 / 2 5 / 2 0 2 3
8 B E D R O O M S S Q U A R E F E E T B A T H R O O M S L O T S I Z E 6,000 4 4F 1H 0.52ac Sold o-market with no agent commissions O R I G I N A L P R I C E D AY S O N M A R K E T F I N A L S A L E S P R I C E P E R S Q F T OFF $3,900,000 $3,900,000 $650.00 R E M A R K S

$4,945,625

9
T H E B R I D G E S | R S F
18375 Calle La Serra
S O L D 7 / 1 3 / 2 0 2 3
Rancho Santa Fe

$5,750,000 $4,945,625 $865.07

The iconic guard-gated golf and tennis community of The Bridges at Rancho Santa Fe provides an impressive backdrop for this luxurious residence, Recently professionally refreshed with classic styling and sophistication,the interior blends modern and Mediterranean influences creating a cohesive, versatile “Moderterranean” ambience. The primary suite is located on the main level and features a wood-burning fireplace, immediate access to the pool and spa, an opulent bathroom and two oversized walk-in closets An additional en-suite bedroom is located adjacent to the primary suite

Two-story floor-to-ceiling windows bathe the home’s grand parlor in natural light The parlor and an elegant dining room create the ideal setting for versatile entertaining, while the kitchen serves as the heart of the home and presents a suite of remarkable built-in appliances that will delight even the most accomplished chef Complemented by a casual dining area, the great room and wet bar oer seamless access to the loggia, half bath, palapa, pool and spa, all with 5th green and fairway views Upstairs, two oversized bedroom suites join a lounge with beverage bar and media center The Bridges enjoys San Diego’s climate known for having the best year-round temperature in the nation

10 B E D R O O M S S Q U A R E F E E T B A T H R O O M S L O T S I Z E 5,717 4 4F 2H 0.43ac
O R I G I N A L P R I C E D AY S O N M A R K E T F I N A L S A L E S P R I C E P E R S Q F T
81
R E M A R K S

$6,500,000

11
T H E B R I D G E S | R S F
6670 Calle Ponte Bella
S O L D 5 / 1 8 / 2 0 2 3
Rancho Santa Fe

7,590

19 $6,895,000 $6,500,000 $856.39

Welcome to luxury living at its finest in the exclusive gated community of The Bridges at Rancho Santa Fe. This one-of-a-kind French Country estate oers unparalleled design and sophistication with breathtaking views of the surrounding hillsides and the majestic golf course. As you enter the home, you are greeted by a grand foyer with a sweeping staircase and soaring ceilings. The open floor plan flows seamlessly from room to room, providing the perfect space for entertaining and relaxation The gourmet kitchen features high-end appliances including a Miele coee maker, a large center island, and a breakfast nook The adjacent family room is warm and inviting, with a cozy fireplace and French doors that open to the outdoor living area. The luxurious owner ’s suite is a private retreat, with a fireplace, customized built-ins and spa-like bath with a soaking tub and dual vanities Four additional bedrooms, each en-suite provide ample space for family and guests Additional amenities include a yoga room with a custom fitted sauna, a game room, and a time capsule wine cellar to surely send your mind to the hills of Tuscany Outside, the resort-style backyard is an oasis of tranquility, with a sparkling pool, spa, outdoor kitchen, and covered dining area Enjoy stunning sunsets from the expansive patio, complete with a fireplace and multiple seating areas.

12 B E D R O O M S S Q U A R E F E E T B A T H R O O M S L O T S I Z E
6 6F 2H 0.89ac
O R I G I N A L P R I C E D AY S O N M A R K E T F I N A L S A L E S P R I C E P E R S Q F T
R
K
E M A R
S
13
T H E B R I D G E S | R S F
S O L D 5 / 1 8 / 2 0 2 3
18519 Calle La Serra
$4,700,000
Rancho Santa Fe

51 $5,000,000 $4,700,000 $693.22

Welcome to paradise This meticulously maintained one level custom home, with a captivating stone entry arch that gives you that Old English feel with 20-foot wood beamed ceilings and an open concept that expands to the outside. An enchanting oasis to enjoy a cool beverage and watch the balloons during sunset and warm up with a fire and loggia outdoor heater, oering the utmost privacy Dramatic kitchen with massive island with prep sink, top of the line appliances, side by side sub-zero refrig and freezer, luxury walk-in pantry, double wolf ovens, Viking 6 gas burner range and Viking microwave Additionally you will find a built-in wine storage and sub-zero wine refrigerator in the formal dining room, along with two u-line beverage centers in the family room for all your entertaining needs. The home is finished with wood wrapped windows and an epoxy garage floor, along with brand new paid for solar and includes a charger for your car and golf cart and Generac 60 Hz air-cooled generator, This home is truly a dream come true and provides the ultimate in comfort and style All new appliances, Wolf double oven, Viking microwave, 6 burner Viking gas range with griddle, subzero freezer and refrigerator (2022) Two u-line beverage centers replaced (2023).

14 B E D R O O M S S Q U A R E F E E T B A T H R O O M S L O T S I Z E 6,780 4 4.5 0.58ac
O R I G I N A L P R I C E D AY S O N M A R K E T F I N A L S A L E S P R I C E P E R S Q F T
R E M A R K S

$2,600,000

15
T H E B R I D G E S | R S F
6821 Calle Portone Rancho Santa Fe
S O L D 5 / 1 5 / 2 0 2 3

69 $2,950,000 $2,600,000 $831.20

Newly refreshed single level plan 2 villa in the Bridges at Rancho Santa Fe Oering low maintenance lifestyle, lock and leave, with comfort and well-being The south-facing backyard with simplicity that overlooks the green belt area. Vaulted ceilings with exposed beams in the great room and an open concept kitchen to make living eortless and easy. Primary suite feels inviting and luxurious from daybreak to sundown Relax in your private spa outside the center courtyard An attached casita is a great flex option that can serve multiple functions Walk out your front door to the short golf driving range and a short walking distance to the spa, sports center cafe and club amenities By joining the Bridges golf club.

16 B E D R O O M S S Q U A R E F E E T B A T H R O O M S L O T S I Z E 3,128 4 4.5 0.18ac
O R I G I N A L P R I C E D AY S O N M A R K E T F I N A L S A L E S P R I C E P E R S Q F T
R E M A R K S
17
M E D I A N S A L E S P R I C E M E D I A N D A Y S O N M A R K E T ( S O L D S ) $4,243,000 12 95.5% 10 % O F O R I G I N A L L I S T P R I C E C L O S E D S A L E S A U G U S T 2 0 2 3 R E P O R T
2.5% 66% 5.4%
18
Rancho Santa Fe
20%
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