OK, that’s a little tongue in cheek since “The Ranch” is our premiere high-end zip code and community, but just driving around I’ve noticed something: lots of cars on some of the properties. I mean a lot, like six or seven. And in one house near where I walk every morning there are about 4-5 cars there all the time with younger people coming in and out.
The point is, it seems like some families are doing exactly what we talked about in a post about a month ago: multi-generational shacking up. And it only makes sense that some of that would be happening in Rancho Santa Fe where there are big homes, lots of space, and room to accommodate extended families.
And just a few days ago, the Los Angeles Times had another article talking about that very thing, how millennials are not rushing into home ownership. That’s happening for a lot of reasons — economic, primarily — but there are other factors, too. Even though the economy has picked up, they’re still not rushing in. One of the reasons, according to the article, is that they’re not finding the new home product out there that suits them. Homebuilders have been behind the curve in providing homes that meet the needs, demographics, and “psychographics” of this generation…and one of those is that they’re used to a more group or communal style of living. They tended to be “helicoptered” and, guess what? They still like that sense of togetherness.
So, all of that, coupled with these gorgeous big homes in and around Rancho Santa Fe, makes us think the Ranch is ready to pop again. We’ve always said for San Diego’s north county premiere coastal areas Rancho Santa Fe is actually a great deal for the amount of space and land you get. Problem has been lately, of course, people haven’t wanted to water and maintain all that land, but that’s shifting now, too, as more and more properties have gone greener and lower maintenance with less lawn and more xeriscape.
Which leads to the main and final point: Check out our beautiful, true single level resort-like estate home in Rancho Pacifica, 14104 Rancho Tierra Trail:
This guard-gated community is actually in the Carmel Valley 92130 zip code but geographically is much more Rancho Santa Fe-adjacent…and the beauty is, they’re big beautiful homes, and the lots — while spacious and roomy at usually around an acre — are not so huge as to be unwieldy. Just yesterday we had a great showing with a single woman who came with her 90-something-year-old mother…and her daughter, son-in-law and their new baby. Four generations! They loved the house — perfectly laid out with master wing on one side, living/kitchen/family rooms in the middle, and the three secondary bedrooms on the other wing. And totally single level which makes getting around easier for the matriarch.
I realize we’re talking about a distinct market here at around $4,000,000, but that is part of our marketplace here, and before things started shifting you might have found one family or even a couple rattling around in houses like these.
Just saying…Rancho Santa Fe is poised to see an upswing in activity and sales, and communities like Rancho Pacifica are a great alternative within that market for people who need a big home with some space and who want to be closer to the coast and more in the middle of the Del Mar-Rancho Santa Fe-Carmel Valley triangle for schools, shopping and services.
Call John @ 619.895.2144 or Tracy @858.342.1271 for more info and to set up a showing!