Are There Any Bargains For Upscale Homes In San Diego, Rancho Santa Fe or La Jolla?
San Diego is a top-tier real estate market and a very desirable place to live, so the prices are high (and will remain high) relative to less attractive areas in the U.S. Still, there has been a significant price correction, and there are distress sales of great properties at below-market value. Real estate prices didn’t begin the rapid ascent in the last market cycle until around 2000. Prices increased steadily through 2005, flattening in 2006 and experience steep declines in 2007 and 2008. Most people feel that they are getting an excellent deal if they can purchase at 2000-2002 price levels. We often receive inquiries from prospective home buyers looking for upscale executive-luxury homes on a large lots of up to 3 acres. There are very few home sites on large parcels of land in the beach communities of San Diego, including La Jolla, Del Mar, or Solana Beach. The few that exist have sold up to 20-30Million, beyond the reach of most humans. So instead, buyers of luxury homes on large
