The sale comes during a downturn in the luxury market. Demand has fallen considerably, said Reports on Housing, with the number of pending sales down by 39 percent annually. It said the expected time for a home listed at $4 million and up to sell in San Diego County was 614 days in early December, up from 141 days at the same time last year.
The Bullock farm is unique in its location in Valley Center because most similar properties listed for sale are agricultural, with few amenities and smaller ranch-style homes. It is also very isolated, as such places go in Southern California. A trip to the property from downtown San Diego would take about an hour. However, it likely appeals to owners looking for some peace and quiet, and nearby nature adventures at Palomar Mountain and the greater Cleveland National Forest.
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