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Home › Forums › Closed Forums › Properties or Areas › Fairbanks Ranch vs. Santaluz vs. Cielo vs. rest of Rancho Santa Fe › If what seller’s agent said

September 27, 2007 at 8:38 AM #86084
Bugs
Participant

If what seller’s agent said is true, which is somewhat suspect, there is no need for us to get into a bidding war in this market anyway.

That would almost prompt me to submit a really lowball bid.

Anyways, just to give you an idea of the market you’re looking at, I ran some sales statistics for $3mil+ properties through the MLS:

Zip Area/Active/Sold within the last 12 months
92067 / 88 / 40
92130 / 16 / 10
92127 / 26 / 14

There are undoubtably some more transactions that didn’t go through the MLS as well as some build-to-suit transactions, but no matter how you look at it we have close to 2-years worth of inventory sitting on the market right now in these upper price ranges.

That’s why I really do think time is on your side and why, with a little patience, you probably will be able to get your FR (north) preference at your price.