The Bridges - July 2023 Market Report

Page 1

The Bridges Market Update

J U L Y 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 20 21 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

0

Change in Median Sales Price (Q2 2023 vs Q2 2022)

48

Average Days on Market

0

Units Sold (June)

% $ m

5.6

Median Sales Price (Q2 2023)

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

Summary The Bridges Market Summarized

The market inside the gates has seen some changes in Q2. While the same number of homes were listed in Q2 as Q1, inventory has risen over the past 90 months, but is still well short of the " typical" inventory seen pre COVID As of 7/6, there are 9 Active listings and just 1 Pending sale This trend is in line with what RSF as a whole is seeing with pending sales down 33% this quarter over last

Q2 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 Q2 2020 Q2 2021 Q2 2022 Q2 2023
(Q2 vs Q1) Change Q2 2023 Q1 2023 Q4 2022 Q3 2022 1.8% $5,600,000 $5,500,000 $4,825,000 $4,025,000 +100% 6 3 2 5 -47.25% 48 91 67 15 LiveInTheBridges com 3 12 4 6 +9.6% 95.30% 85.70% 87.30% 93.30%

Pending

the sales T H E B R I D G E S | R S F J U LY 2 0 2 3
6901 Corte Spagna (V) 18325 Calle La Serra (S) 18644 Via Catania 18375 Calle La Serra 18334 Calle Stellina 18511 Calle La Serra 6659 Calle Ponte Bella 6709 Calle Ponte Bella 6722 Calle Ponte Bella A D D R E S S $3,995,000 $4,349,000 $4,950,000 $5,495,000 $5,895,000 $5,998,985 $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 3,880 7,800 5,592 5,717 8,506 6,672 11,757 9,350 9,609 4 5 5 4 5 4 6 6 6 5F 1H 5F 1H 5F 1H 4F 2H 5F 1H 4F 2H 7F 1H 6F 2H 6F 1H 117 52 16 104 5 9 28 12 10 $1,029.64 $557.56 $885.19 $961.17 $693.04 $899.13 $739.56 $1,604.28 $1,691.12 O R I . P R I C E $4,185,000 $3,799,000 $4,950,000 $5,750,000 $5,895,000 $5,998,985 $9,875,000 $15,000,000 $16,250,000
Active
6949 Corte Spagna (V) A D D R E S S $3,350,000 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 3,797 4 5.5 41 $882.28 O R I . P R I C E $3,350,000 5
*(V) represents Villas & (S) represents Short Sale
6821 Calle Portone (V) 18580 Corte Fresco (V) 18519 Calle La Serra 6670 Calle Ponte Bella 6212 Strada Fragante 6368 Calle Ponte Bella A D D R E S S $2,600,000 $2,970,000 $4,700,000 $6,500,000 $7,500,000 $16,000,000 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 3,128 3,104 6,780 7,590 9,875 8,998 4 3 4 6 5 5 4F 1H 2F 1H 4F 1H 6F 2H 5F 3H 5F 2H 69 147 51 19 4 1 $831.20 $956.83 $693.22 $856.39 $759.49 $1,778.17 O R I P R I C E $2,950,000 $3,400,000 $5,000,000 $6,895,000 $7,998,000 $16,000,000 6 D A T E 5/15/23 5/1/23 5/18/23 5/18/23 4/3/23 4/17/23
Sold (Q2)

$2,600,000

7
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.

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 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
9 18580 Corte Fresco T H E B R I D G E S | R S F
S O L D 5 / 1 / 2 0 2 3 Rancho Santa Fe
$2,970,000

147 $3,400,000 $2,970,000 $956.83

Romantic single level villa brings together privacy and comfort behind the gates at The Bridges at Rancho Santa Fe. An open main living area is complemented by high ceilings and large windows. A well-appointed kitchen with breakfast bar is the heart of the home. Gather and celebrate in the dining room or outside in the covered loggia with a fireplace that looks out over a large private back yard The main suite oers hardwood floors, its own fireplace with a private patio Guests can relax in the extended casita with its own living area One of the few villas that is on an extra large lot on a cul de sac street

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
3 2.5 0.33ac
3,104
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
11
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).

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 6,780 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

$6,500,000

13
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.

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 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
15
T H E B R I D G E S | R S F
S O L D 4 / 3 / 2 0 2 3
6212 Strada Fragante
$7,500,000
Rancho Santa Fe

9,875

$7,998,000 $7,500,000 $759.49

Exclusive luxury living has ascended to a lofty new pinnacle at this stunning custom residence in The Bridges, Rancho Santa Fe’s most enviable guard-gated resort enclave. Overlooking the 13th and 14th holes of the community’s gorgeous golf course, the sprawling estate impresses at every turn. Beyond a gated courtyard, the residence welcomes everyone with an open great room that showcases a towering open-beam ceiling, panoramic views and a wall of disappearing glass pocket doors Five bedrooms and five full and three half baths in approximately 9,866 square feet provide privacy and personal comfort, with an expanded guest house reserved for pampering guests A fireplace-warmed patio with spa joins a five-star primary suite, and a wood-paneled executive-caliber oce, formal dining room, 1,500-bottle wine cellar, secondary oce, and recently upgraded home theater make living the Good Life even better High-end style and premium function unite in the kitchen, where custom cabinetry, dual breakfast nooks, a walk-in pantry with wine refrigerator, and Bosch, Viking, Miele and Sub-Zero appliances cater to every task Nearly 1.97 acres, the rare, elevated cul-de-sac homesite oers sweeping canyon and golf views, a pool, spa and an outdoor loggia with kitchen and pizza oven.

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
5 8F 3H 1.97ac
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 4
R E M A R K S

6368 Calle Ponte Bella

$16,000,000

17
T H E B R I D G E S | R S F
S O L D 4 / 1 7 / 2 0 2 3
Rancho Santa Fe
18 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 8,998 5 7F 2H 2.84ac N/A 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 0 $16,000,000 $16,000,000 $1,778.17 R E M A R K S
19
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 $4,050,000 44 91.9% 14 % 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 J U L Y 2 0 2 3 R E P O R T Rancho Santa Fe 2.4% 10% 2.6% 50% 20
Sign up for my monthly Bridges newsletter 7 6 0 . 4 5 6 . 8 7 3 3 C a l D R E # 0 1 8 5 6 8 6 0 S I G N U P W H A T ' S M Y H O M E W O R T H ? S E N D M E Y O U R M A R K E T I N G P L A N R E N O V A T I O N P R O G R A M R E S U L T S B A S E D C O M M I S S I O N S
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.