Is Whispering Palms Pricing Itself Out Of The Market Place?
Whispering Palms has a surplus of Real Estate Inventory.
.Today, I am writing strictly about what I think, thus…”In My Opinion Only” is the correct category for my blog.
I use the term “we” because I live here, sell Real Estate here so I am part of the mix shall we say. Over the past week I have been talking to Realtors with listings in Whispering Palms about their properties for sale, their showings and activity level.
With the calls and speaking to other Realtors, there is a sense of “apprehension” as to what is happening in the market place. Last years sales were strong and brisk. Properties went on and off the market quite quickly. This year we had a very good first part of the year and over the summer it gently slowed down. Now we are at a screeching halt. I use the term, our neighborhood looks like a “used car parking lot for sale” with signs everywhere…and staying up… everywhere.
Why is that? The answer is quite clear if you ask a Realtor and want to know the true answer. Whispering Palms sellers are looking at other Whispering Palms homes on the market and comparing their homes to what is currently on the market and saying, “that neighbor doesn’t have a big backyard and I do, therefore I should be at least $20,000 more than the other one down the street currently for sale.”
The problem with this type of thinking is that the house down the street in Whispering Palms HAS NOT SOLD.
A dear friend and one of the greatest Realtors of Rancho Santa Fe (who we all know but I never would divulge their name) taught me early on the best lesson I have learned in Real Estate: “There are only 2 reasons a home has not sold that is on the market: either they are overpriced or they are ugly.” At first I thought that was a bit harsh, but as the years have gone on I have taken that theory and applied it to listings that have not sold and boiled it down to one of the two: homes that have not sold are simply overpriced.
Unfortunately, now we have a large quantity of homes that are overpriced, not moving and a garden variety of “for sale signs” on yards making it look like there is something wrong with Whispering Palms and everyone is clamoring to get out…similar to a hurricane evacuation warning.
Antidote: If you are going to sell your home, or you are currently listed for sale: ask your Realtor what has SOLD similar to your home. As I always say, the proof is in the pudding, not in the wrapping.
And please do not shoot the messenger!
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Whispering Palms Home Just Listed On Avenida Calma between $1,325,000-$1,495,000.
Whispering Palms home listed at in a value range.
A new home on Avenida Calma in Whispering Palms came on the market last night. It is not facing the golf course and is a two story. This home has 4 bedrooms, 3 baths with two fireplaces and square footage just under 3,500 square feet. Since the last time I was in it, it looks like she did a very nice remodal before putting it on the market.
The value range from $1,325,000 to $1,495,000 is a very large spread and could indicate that the true value is a question. However, the latest home on Avenida Felize just came on the market the day before with similar square footage, backyard, upgrades all for $1,325,000 (if I recall right).
Whispering Palms is facing a larger amount of inventory for sale than normal and most at high retail prices. What is concerning is that very little has actually closed in the past few months which always is a pre-curser to a slowdown in the market.
This home is listed with Berkshire Hathaway Services. If you would like a private showing, feel free to email me, Shannon Biszantz at Shannon@ShannonBiszantz.com.
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Whispering Palms Has A New Listing On Via Dicha That Is a Single Story.
Single Story Home in Whispering Palms Listed for $1,685,000
A new home on just came on the market in Whispering Palms on Via Dicha. It is a single story home with a guest home and the entire upstairs is an office. Listed as the highest priced home in Whispering Palms in a few years at $1,685,000. The lot size is 1/4 of an acre and the home has a beautiful pool and indoor/outdoor living space for entertaining or relaxing. Built in 1984, this Whispering Palms Home has 3 bedrooms, 5 bathrooms and 2 fireplaces.
This home has a separate guest room that is attached yet has the privacy feel of living away from the main home. All the upgrades are top notch on this property and the level lot is an added plus!
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Whispering Palms New Listing On Avenida Feliz Just Listed for $1,385,000.
Whispering Palms remodel with 5 bedrooms just listed.
This very recent remodel in Whispering Palms just came on the market yesterday on Avenida Feliz for $1,385,000. This Whispering Palms Home is rare in that it has 5 bedrooms, 5 bathrooms and is over 3,000 square feet. The finishings inside are top notch and it is ready for an immediate move in. Avenida Feliz is a lovely street (that yours truly lives on) in Whispering Palms and one of the streets that various residents are doing majore remodel projects on their homes due to the rising value of the property. Whispering Palms is located in the unincorporated part of Rancho Santa Fe, has no Mello Roos and is part of the Solana Beach School District.
Another aspect of what people love in Whispering Palms is the proximity to Morgan Run Country Club and everything that it has to offer. This home is listed with Wrmn Realty. If you would like a showing of this lovely home, feel free to email me at Shannon@ShannonBiszantz.com . I live right across the street and it would be my pleasure to show you this wonderful home in Whispering Palms!
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Whispering Palms Has A New Single Story Listing on Via De Las Palmas.
Single Story Home On Via De Las Palmas in Whispering Palms Listed For $1,125,000.
Whispering Palms has a new single story home for sale on Via De Las Palmas. It jut came on the market a few days ago. This home on Via De Las Palmas was purchased a few months ago by an investor, remodeled and now is for sale. It has 3 bedrooms, 2 baths plus and office/den with abundant light. The layout is very open with high vaulted ceilings.
If you live in the neighborhood you will remember it was Nan Werner’s home. She was a volunteer to the Rancho Santa Fe Book Celler which is the used book department of the Rancho Santa Fe Library. She moved to North Carolina to be with family. I will fondly remember her always walking her terriors at dusk and in the early morning hours.
Whispering Palms is a “hidden gem” of a neighborhood as it is in Rancho Santa Fe and within walking distance of Morgan Run Country Club. Most residents love the neighborhood feel Whispering Palms Provides.
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Whispering Palms Has a New Listing On The Golf Course.
New Whispering Palms Golf Course Frontage On Market for $1,549,000.
This Single Story, 3 bed/3 bath home just went on the market in Whispering Palms. It is located on 7 South with beautiful southern views of the golf course and Polo Fields. Just under 2,000 square feet, this home is beautifully appointed with all the finest appliances and upgrades. The owners Myron and Kathy Macloud took great detail to uprade this home. With its Southern exposure, this home gets abundant sunlight throughout the year.
The kitchen is facing out to the beautiful golf course views. Whispering Palms is situated in Rancho Santa Fe and is in walking distance of Morgan Run Country Club. Morgan Run has a world renouned fitness facility, spa, workout facilities, dining and a boutique hotel on the property.
Whispering Palms Residents enjoy the peaceful, rural lifestyle that Whispering Palms offers. There is a strong community feel here.
If you are interested in a private showing, please call Shannon Biszantz at the Biszantz Connection at 619-417-4655. Or email me at Shannon@ShannonBiszantz.com
Click here for more pictures of this outstanding home:
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Palma De La Reina Construction at Whispering Palms Entrance Slated To Begin Soon.
Whispering Palms Vacant Lot to be built on soon.
Construction will likely begin in late January 2014 on a long-delayed residential and commercial project at the entrance to the Whispering Palms community in Rancho Santa Fe, said the project’s developer.
The Palma de la Reina project will include 54 apartments, 19,500 square feet of office space, and 9,500 square feet of retail shops. It will be built on a 4.3-acre parcel at the corner of Via de la Valle and Cancha de Golf.
“I think we will come out of the ground with the construction sometime in the latter part of January,” said developer Richard Cavanaugh.
Getting to this point hasn’t been easy for Cavanaugh and his company, Newport Pacific, Inc. Residents of Whispering Palms staunchly oppose the project, contending it will add to existing traffic congestion in the area and that it packs too much development onto the parcel. They have filed a series of lawsuits challenging the project and its environmental documents, but a Superior Court judge in January cleared the way for construction to begin.
The Whispering Palms Community Council could have appealed the judge’s decision, but over the summer agreed to drop further legal challenges if Cavanaugh would pay nearly $200,000 in legal costs to the council, stemming from an earlier ruling in the case.
The project had also drawn opposition from the San Dieguito Community Planning Group and the Rancho Santa Fe Association, although it was ultimately approved by the County Board of Supervisors.
Crews have completed grading on the site and put in most of the needed utility lines, said Cavanaugh, the original developer of Whispering Palms, and also a resident of the community. Whispering Palms includes about 600 single-family homes and condominiums.
Although opposition to the project by nearby residents has been stiff, Cavanaugh said he believes the community will warm to the development once it is completed, and the community-serving retail shops are open.
“It’s going to be a nice project and the community will be a lot better for it,” he said. “It’s just a good thing, period.”
Controversy over the vacant parcel dates back at least to the 1990s, when Cavanaugh proposed building an assisted living facility on the property. Residents also opposed that plan, and it was later withdrawn.
County supervisors voted unanimously in January 2010 to allow the project to move forward. Supervisor Ron Roberts said he had been convinced residents would come to regret their opposition to the assisted living facility, because the current mixed-use development will generate more noise and traffic.
Residents, for their part, say opposition to Palma de la Reina is not a NIMBY (not in my back yard) reaction, but just a desire to see a project built on the empty lot that is compatible with Whispering Palms.
“There should be a different system whereby a neighborhood like this doesn’t have to go through a 20-year fight… to get some intelligent planning on (this) lot, which everybody wants developed,” said resident Margaret Gooding.
Written by Joel Tash RSF Review
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Whispering Palms Best Location And Views Just Listed For Sale By Biszantz Connection.
3945 Via Valle Verde in Whispering Palms just went on market for $1,375,000.
The Biszantz Connection just listed A rare golf course frontage home on 1 North at Morgan Run Country Club in Whispering Palms. 3945 Via Valle Verde is a single level home with not one step throughout the entire home! It is well proportioned with 3 bedrooms, 2 bathrooms, soaring ceilings and highly upgraded throughout. It is all about the view and location with jaw dropping views to the north (Del Dios), to the East (Fairbanks Ranch) and to the South toward the Country Club. Drive your golf cart or walk directly out to the golf course, walk to fine dining, spa, tennis, restaraunt and bar from this Whispering Palms location. I will be having an open house on this Sunday from 12:00pm to 4:00pm. Look forward to seeing you there!
For a private showing feel free to call myself at 619-417-4655 or by email at Shannon@ShannonBiszantz.com
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Whispering Palms Neighbor, Gail Morris Has Thoroughbred Rock Me Baby Entered Tomorrow In The Del Mar Mile.
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Whispering Palms Resident, Gail Morris Has Race Horse Rock Me Baby running in the Del Mar Mile at Del Mar.
Owning Rock Me Baby has been a wonderful journey in the world or horse racing for Whispering Palms Resident, Gail Morris.
Whispering Palms Resident Gail Morris has a very exciting day of her tomorrow. Gail is part owner of one the most successful horses to run on the west coast Rock Me Baby, who is entered in the
The 28th Running of The Del Mar Mile (Grade II) which is $250,000 Guaranteed to the winner. It is one of the 10 races tomorrow that rivals The Kentucky Derby on the west coast. The cream of the crop race horses are all running tomorrow making
It has been a whirlwind for Gail and I have been so lucky to watch it all unfold. Earlier in the year Rock Me Baby qualified in the coveted Breeders Handicap at Santa Anita in The Spring. Considered the premier race on the west coast and compared to the Olympics for Race Horses, Gail invited me to go with her to Santa Anita to join in the festivities. It was a three day trip that included a night at the famous Derby Restaurant for dinner, an early “trackside stretch run” breakfast for the owners of Rock Me Baby and then the feature race later in the day. While Rock Me Baby was not the winner, he won a very large race in Del Mar a few weeks ago, The California Dreamin Handicap.
And now for anticipation of Rock Me Baby running tomorrow in what could be $250,000 as the purse prize to the owners. Gail is a regular at the racetrack and has the eye and knowledge of race horses’ ability and conformation as well as the best of them. What makes Gail different is that she always refers to her horses as her “babies” and I have had the pleasure to watch her horses win at Del Mar.
Gail is a regular at the track and is often seen with her pal, Rosy Rosendale in the Horseman’s lounge handicapping and enjoying the horses. It gives me great pleasure to know that I introduced her to horse racing years ago when I arranged a Turf Club outing for all the members of the Nine Hole Swingers to go into the barn, meet the horses in the Cobra Farm Stable and then ushered to the Turf Club for wonderful day of betting on the ponies.
Here are some more photos of our exciting weekend at The Breeders Cup with Gail Morris and enjoying Rock Me Baby’s win at Del Mar in July!
I wish you Gail all the luck and good wishes in tomorrow’s adventure! And thanks for inviting Bob and I to participate)